Westinghouse Air Brake Technologies Corp
NYSE:WAB

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Westinghouse Air Brake Technologies Corp
NYSE:WAB
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Price: 213.21 USD 1.71%
Market Cap: 36.4B USD

Westinghouse Air Brake Technologies Corp
Investor Relations

In the dynamic world of transportation and logistics, Westinghouse Air Brake Technologies Corporation, often recognized as Wabtec, stands as a formidable player. With its roots tracing back to the pioneering spirit of the Industrial Revolution, the company was founded by George Westinghouse in 1869. Established initially to enhance the safety and efficiency of rail systems, today Wabtec has evolved into a diversified global leader in rail and transit solutions. Its impressive portfolio comprises advanced freight car systems, locomotives, and digital electronics that enhance the functioning and safety of rail operations. The company leverages its vast engineering expertise to develop technologically sophisticated braking systems, air conditioning units, and energy-efficient power systems, which are crucial for modern rail infrastructure. These offerings help reduce operational costs for rail operators while improving their sustainability metrics—a pressing demand in contemporary logistics.

Wabtec's revenue streams are intricately woven through various sectors within the railway industry. By focusing on innovation and technology-driven solutions, the company generates significant income through the manufacturing and sale of equipment, provision of maintenance services, and the offering of digital solutions such as data analytics and optimization software. A significant part of its income stems from long-term service agreements that ensure steady, recurring revenue. Additionally, its merger with GE Transportation broadened its horizons, enhancing its capabilities and expanding its footprint in international markets. Through strategic partnerships and a commitment to innovation, Wabtec not only capitalizes on growing rail industry demands but also positions itself as an essential contributor to global mobility solutions. Whether it’s supplying components for high-speed trains or integrating smart technologies, Wabtec continues to engineer its path towards sustainable and advanced transportation solutions.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 22, 2025
AI Summary
Q3 2025

Strong Quarter: Wabtec delivered a strong Q3, with sales of $2.89 billion, up 8.4% year-over-year, driven by both Freight and Transit segments.

Earnings Growth: Adjusted EPS rose 16.8% to $2.32, and management raised full-year adjusted EPS guidance to $8.85–$9.05, up 18% at the midpoint.

Backlog Records: The 12-month backlog grew to $8.3 billion (up 8.4%), while the multiyear backlog reached an all-time high, providing strong visibility into future revenue.

Margin Expansion: Gross margin improved by 1.7 percentage points to 34.7%, with operating margin up to 17.0%, thanks to cost management and favorable contract escalations.

International Momentum: Wabtec secured a historic $4.2 billion order with Kazakhstan’s national railway, supporting robust international growth.

Cost & Tariff Headwinds: Higher material costs and tariffs pressured cash flow, but management is actively mitigating impacts using exemptions, supply chain shifts, customer cost sharing, and disciplined spending.

Acquisition Integration: The acquisition of Inspection Technologies has contributed positively to both growth and margins; further acquisitions are expected to be accretive upon closing.

Guidance Raised: Full-year adjusted EPS guidance was raised, reflecting management’s increased confidence in continued profitable growth.

Key Financials
Sales
$2.89B
12-month Backlog
$8.3B
Multiyear Backlog
record high
Operating Cash Flow
$367M
GAAP Operating Income
$491M
Gross Margin
34.7%
Operating Margin
17.0%
Adjusted Operating Margin
21.0%
Earnings Per Diluted Share
$1.81
Adjusted Earnings Per Diluted Share
$2.32
Freight Segment Sales
up 8.4% YoY
Freight Segment 12-month Backlog
$6.09B
Freight Multiyear Backlog
$20.91B
Transit Segment Sales
$793M
Transit Segment 12-month Backlog
$2.18B
Digital Intelligence Sales
up 45.6% YoY
Component Sales
up 1.1% YoY
Equipment Sales
up 32% YoY
Services Revenue
down 11.6% YoY
Engineering Expense
$59M
Liquidity Position
$2.75B
Net Debt Leverage Ratio
2.0x
Earnings Call Recording
Other Earnings Calls

Management

Mr. Rafael O. Santana
CEO, President & Director
No Bio Available
Mr. John A. Olin CPA
Executive VP & CFO
No Bio Available
Mr. Eric Gebhardt
Executive VP & Chief Technology Officer
No Bio Available
Mr. David L. DeNinno
Executive VP, General Counsel & Secretary
No Bio Available
Mr. Pascal Schweitzer
President of Transit
No Bio Available
Mr. Greg A. Sbrocco
Executive Vice President of Global Operations
No Bio Available
Mr. John A. Mastalerz Jr.
Senior VP of Finance & Chief Accounting Officer
No Bio Available
Rick Smith
Chief Information Officer
No Bio Available
Ms. Kyra Yates
Vice President of Investor Relations
No Bio Available
Ms. Gina Trombley
Executive VP of Sales & Marketing and Chief Commercial Officer of Americas
No Bio Available

Contacts

Address
PENNSYLVANIA
Pittsburgh
30 Isabella St
Contacts
+14128251000.0
www.wabteccorp.com