Westinghouse Air Brake Technologies Corporation (WAB) delivers a comprehensive suite of advanced technological solutions, equipment, and services tailored for the global freight ...
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Est. EPS $2.73 · Revenue $3.19B · 7 analysts
Est. EPS $2.73
Est. EPS $2.64 · Revenue $3.21B · 6 analysts
Est. EPS $10.86 · Revenue $12.54B · 7 analysts
$1.12 per share
$1.12 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $11.2B | +7.5% | +7.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $1.2B | +10.8% | +9.1% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +31.5% | -2.9% | +1.5% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +16.7% | +8.0% | +7.7% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +10.5% | +3.1% | +1.3% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $1.5B | -7.9% | +147.7% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +13.4% | -14.3% | +129.9% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 49.7% | +26.1% | -0.6% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.11x | -15.2% | +9.5% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $22.1B | +18.0% | -0.3% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 6.83 vs 8.97 | -23.8% | 2.33 vs 2.73 | -14.7% |
| Revenue Surprise | $11.2B vs $11.1B | +0.9% | $3.2B vs $3.2B | -0.5% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Sep 2, 2026 | Santana Rafael | director, officer: President and CEO | Common Stock - Direct | D | 370 | $279.21 |
| Sep 2, 2026 | Santana Rafael | director, officer: President and CEO | Common Stock - Direct | D | 323 | $280.21 |
| Sep 2, 2026 | Santana Rafael | director, officer: President and CEO | Common Stock - Direct | D | 268 | $281.10 |
| Sep 2, 2026 | Santana Rafael | director, officer: President and CEO | Common Stock - Direct | D | 126 | $282.03 |
| Sep 1, 2026 | Santana Rafael | director, officer: President and CEO | Common Stock - Direct | D | 194 | $278.93 |
Kyra Yates : Good morning, everyone, and welcome to Wabtec's Q2 2026 earnings call. With us today are Chairman and CEO Rafael Santana, CFO John Olin, and Senior Vice President of Finance, John Mastalerz. Today's slide presentation, along with our earnings release and financial disclosures, were posted to our website earlier today and can be accessed on the investor relations tab. Some statements we are making are forward-looking and based on our best view of the world and our business today. For more detailed risks, uncertainties, and assumptions relating to our forward-looking statements, please see the disclosures in our earnings release and presentation. We will also discuss non-GAAP financial metrics and encourage you to read our disclosures and reconciliation tables carefully as you consider these metrics. I will now turn the call over to Rafael. Rafael Santana : Thanks, Kyra, and good morning, everyone. We're proud of the progress we have made in the H1 of the year, which is strengthening our position as a leading industrial technology company. It reflects the strength of the leadership position we continue to build across our portfolio and the continued focus of the Wabtec team to deliver for our stakeholders. With that, let's move to slide four. I'll start with an update on our business, my perspectives on the quarter, and progress against our long-term value creation framework. Then John will cover the financials. We delivered a strong H1 of the year, which exceeded our expectations despite tariff headwinds, unfavorable business mix, and challenging prior year comparisons. Through disciplined execution across the organization, we achieved robust growth, expanded margins, and delivered double-digit earnings per share growth. Looking ahead to the H2, I remain encouraged by the healthy pipeline, continued demands for our core products and services, the profitable growth of our 12-month and multiyear backlogs, and our focus on driving productivity and efficiency. This momentum is evident in our Q2 operational execution and our overall financial results. Having said that, sales were $3.2 billion, which was up 17.5%. Adjusted EPS was up 22% from the year ago quarter. Total cash flow from operations for the quarter was $441 million. Backlog remains a key strength. Twelve-month backlog was up 11% from the prior year, while the multiyear backlog exceeded $30 billion, up 42%. Our financial position remains strong. We continue to execute against our capital allocation framework, expect to continue to compound long-term value for our shareholders. Shifting our focus to slide five, let's talk about our 2026 end market expectations in more detail. While key metrics across our freight markets remain mixed, we continue to be encouraged by the overall strength and resilience of our business. We are seeing solid momentum in our international markets, the pipeline of opportunities across geographies remains strong. In North America, car load traffic …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Rafael O. Santana | Chairman & CEO | USD 6,154,439 | Male | 1972 | Active |
John A. Olin | Executive Vice President & Chief Financial Officer | USD 2,406,765 | Male | 1961 | Active |
Pascal Schweitzer | President of Transit | USD 2,344,918 | Male | 1978 | Active |
Eric Gebhardt | Executive Vice President & Chief Technology Officer | USD 2,133,034 | Male | 1968 | Active |
David L. DeNinno | Executive Vice President, General Counsel & Secretary | USD 2,128,675 | Male | 1956 | Active |
Nicole Theophilus | Executive Vice President & Chief Administrative Officer | USD 1,637,568 | Female | 1970 | Active |
Greg A. Sbrocco | Executive Vice President of Global Operations | — | Male | 1970 | Active |
John A. Mastalerz Jr. | Senior Vice President of Finance & Chief Accounting Officer | — | Male | 1967 | Active |
Michael E. Fetsko | President of Freight & Industrial Components | — | Male | 1966 | Active |
Gina Trombley | Executive Vice President of Sales & Marketing and Chief Commercial Officer of Americas | — | Female | 1972 | Active |
Kyra Yates | Vice President of Investor Relations | — | Female | 1979 | Active |
Rick Smith | Chief Information Officer | — | — | — | Active |
A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.
Wabtec (WAB) could produce exceptional returns because of its solid growth attributes.
Wabtec (WAB) possesses solid growth attributes, which could help it handily outperform the market.
WAB's Q2 earnings beat estimates as Freight and Transit growth, acquisitions and margin gains lift revenues and prompt a higher 2026 outlook.
Wabtec NYSE: WAB reported stronger-than-expected second-quarter 2026 results and raised its full-year outlook, citing broad revenue growth, margin expansion, a large multiyear backlog and continued demand across freight, transit, digital and international markets.
