earnings
confidence high
sentiment positive
materiality 0.80
Wabtec Q3 sales rise 8.1% to $3.12B; adjusted EPS $2.83, up 22%, guidance raised
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
- Third-quarter sales $3.12B, +8.1% YoY; GAAP EPS $2.42 (+33.7%) and adjusted EPS $2.83 (+22.0%).
- Adjusted operating margin 22.9%, up 1.9 pts; GAAP operating margin 20.0%; cash from operations $455M vs $367M.
- Freight sales $2.237B (+6.9%) with digital sales +24.2%; Transit sales $883M (+11.3%), helped by Dellner Couplers and Frauscher acquisitions.
- Total backlog $31.435B, +22.9% YoY; 12-month backlog $8.992B, +8.8%; repurchased $305M of shares and paid $52M in dividends.
- 2026 adjusted EPS guidance raised and tightened to $10.85-$11.05, up $0.20 at midpoint (+22% YoY); revenue outlook $12.30B-$12.60B, +11.5% at midpoint.