Wabtec (NYSE:WAB) Issues Quarterly Earnings Results

Posted by Stanley Muller on Oct 23rd, 2026

Wabtec (NYSE:WAB – Get Free Report) posted its earnings results on Wednesday. The transportation company reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.10, FiscalAI reports. Wabtec had a return on equity of 15.72% and a net margin of 11.20%. The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the business earned $2.32 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis.

Here are the key takeaways from Wabtec’s conference call:

Wabtec reported strong third-quarter results, with sales of $3.12 billion, up 8.1%, adjusted EPS of $2.83, up 22%, and operating cash flow of $455 million.
The company raised its full-year adjusted EPS guidance to $10.85–$11.05, up 22% at the midpoint, while management expects fourth-quarter margin expansion to exceed the third quarter.
Backlog and new orders remained robust: multi-year backlog exceeded $31 billion, up 22.9%, while Wabtec secured $1 billion in international locomotive and service orders, more than $600 million in North American locomotive and modernization orders, and $159 million in transit brake orders.
The North American railcar build forecast was reduced to approximately 23,000 units for 2026, down 26% from 2025, creating pressure on component revenue, although management expects the market to stabilize and recover toward 2025 levels in 2027.
Margin gains were attributed to productivity, Integration 3.0, portfolio optimization, favorable mix, and cost discipline; management said these improvements remain sustainable and expects continued margin expansion, supported by strong acquisition performance and a healthy pipeline.

Wabtec Stock Down 4.7%

Shares of NYSE:WAB opened at $275.31 on Friday. The firm has a market capitalization of $46.50 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 1.95 and a beta of 0.92. Wabtec has a 1 year low of $193.86 and a 1 year high of $306.64. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.10 and a quick ratio of 0.59. The firm’s 50-day moving average is $287.31 and its two-hundred day moving average is $276.20.

Wabtec Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 17th will be paid a dividend of $0.31 per share. The ex-dividend date is Tuesday, November 17th. This represents a $1.24 dividend on an annualized basis and a yield of 0.5%. Wabtec’s dividend payout ratio is 16.67%.

Insider Activity

In related news, CEO Rafael Santana sold 1,163 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $299.04, for a total transaction of $347,783.52. Following the sale, the chief executive officer directly owned 120,588 shares of the company’s stock, valued at $36,060,635.52. This represents a 0.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gregory Sbrocco sold 952 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $300.00, for a total transaction of $285,600.00. Following the sale, the executive vice president owned 21,043 shares in the company, valued at approximately $6,312,900. This trade represents a 4.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 6,452 shares of company stock valued at $1,903,524. 0.57% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen downgraded Wabtec from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Jefferies Financial Group increased their target price on shares of Wabtec from $315.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of Wabtec from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Susquehanna boosted their price target on shares of Wabtec from $305.00 to $340.00 and gave the company a “positive” rating in a research note on Thursday, July 23rd. Finally, Rothschild & Co Redburn decreased their price objective on shares of Wabtec from $293.00 to $292.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Wabtec presently has an average rating of “Moderate Buy” and a consensus target price of $320.18.

Check Out Our Latest Stock Report on Wabtec

About Wabtec

(Get Free Report)

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec (NYSE: WAB), is a global provider of equipment, systems, digital solutions and services for the freight and passenger rail industries. The company develops technologies intended to improve the safety, efficiency, reliability and sustainability of rail transportation.

Wabtec’s products and services include locomotives, locomotive components and modernization programs, braking systems, train control and signaling equipment, power and propulsion systems, and advanced digital solutions.