WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) Form 8-K — Oct 21, 2026
Wabtec reported strong Q3 2026 results on October 21, 2026, with sales of $3.12 billion (up 8.1% YoY), GAAP EPS of $2.42 (+33.7%), and adjusted EPS of $2.83 (+22.0%). GAAP operating margin expanded 3.0 points to 20.0%, driven by growth in both the Freight (+6.9%) and Transit (+11.3%) segments. The company raised and tightened its full-year 2026 adjusted EPS guidance to $10.85-$11.05, up $0.20 at the midpoint and up 22% versus prior year, while maintaining revenue guidance of $12.30-$12.60 billion. Backlog provides strong visibility, with total backlog up 22.9% YoY to $31.4 billion.
Key figures
- Eps
- 2.42
- Revenue
- 3120000000
- Guidance
- 2026 adjusted EPS guidance raised and tightened to $10.85-$11.05 (up $0.20 at midpoint, +22.0% YoY); revenue guidance maintained at $12.30B-$12.60B (up 11.5% at midpoint)
- Net Income
- 409000000
- Total Debt
- 6380000000
- Revenue Yoy
- 8.1%
- Total Assets
- 23141000000
- Cash Position
- 489000000
- Shares Outstanding
- 168.2 million basic / 168.8 million diluted (Q3 weighted average)
- Adjusted eps
- $2.83 (+22.0% YoY)
- Gaap eps yoy
- +33.7%
- Total backlog
- $31.435 billion (+22.9% YoY)
- Adjusted eps ytd
- $8.29 (+20.5% YoY)
- Dividends paid q3
- $52 million
- Debt leverage ratio
- 2.1x
- Digital sales growth
- +24.2%
- Share repurchases q3
- $305 million
- Twelve month backlog
- $8.992 billion (+8.8% YoY)
- Freight segment sales
- $2.237 billion (+6.9%)
- Gaap operating margin
- 20.0% (+3.0 pts)
- Transit segment sales
- $883 million (+11.3%)
- Cash from operations q3
- $455 million
- Adjusted operating margin
- 22.9% (+1.9 pts)
- Total available liquidity
- $2.09 billion
AI analysis
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