WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) Form 10-Q — Oct 21, 2026
Wabtec's Q3 2026 net sales rose 8.1% to $3.12 billion with diluted EPS of $2.42, up 34% from $1.81 a year ago, driven by 4.7% organic growth plus contributions from the Dellner Couplers, Frauscher, and Inspection Technologies acquisitions. Both segments expanded margins sharply: Freight operating income jumped 24.4% to $515 million on a 23.0% margin, and Transit operating income rose 26.1% to $145 million. Total multi-year backlog hit a record $31.4 billion, up $4.0 billion year-to-date. Capital returns were aggressive — $762 million of buybacks and $158 million of dividends in nine months under the refreshed $1.2 billion authorization ($456 million remaining).
Key figures
- Eps
- 2.42
- Revenue
- 3120000000
- Guidance
- No formal guidance provided in the 10-Q
- Net Income
- 409000000
- Revenue Yoy
- 8.1% (Q3 2026 vs Q3 2025)
- Total Assets
- 23141000000
- Cash Position
- 489000000
- Shares Outstanding
- 167802384
- Backlog
- $31.4 billion (record, up $4.0 billion YTD)
- Nine month revenue
- 9249000000
- Q3 effective tax rate
- 26.3%
- Nine month eps diluted
- 6.86
- Q3 diluted eps prior year
- 1.81
- Dividend per share quarterly
- 0.31
- Stock repurchases nine months
- 762000000
- Buyback authorization remaining
- 456000000
- Operating cash flow nine months
- 1095000000
- Remaining performance obligations
- $31.4 billion
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