Citable filing context
WAB's research view summarizes recent SEC filing context, starting with earnings from Jul 22, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 22, 2026 | earnings | Wabtec reported Q2 2026 sales of $3.18 billion and increased its full-year 2026 revenue and EPS guidance. |
| May 15, 2026 | other | WAB stockholders approved the election of three directors, 2025 executive compensation, and the appointment of Ernst & Young LLP. |
| Apr 22, 2026 | earnings | Wabtec reported Q1 2026 sales of $2.95B and adjusted EPS of $2.71, raising full-year EPS guidance. |
| Jul 22, 2026 | Guidance: adjusted_eps | 10.60 to 10.90 |
| Jul 22, 2026 | Guidance: revenue | 12300.00 to 12600.00 |
| Jul 1, 2025 | Guidance: revenue_growth_outlook | not reported to not reported |
| Jul 22, 2026 | mda_quarterly | Wabtec reported strong growth for the first half of 2026, with net sales increasing 15.3% to $6.13 billion. This performance was driven by a combination of organic growth in both the Freight and Transit segments and the $1.05 billion acquisition of Dellner Couplers, which closed in February 2026. The company’s multi-year backlog reached a record $30.9 billion, bolstered by significant wins including a multi-billion-dollar mining drive systems contract and a $1.0 billion Australian order for locomotives and digital solutions. Profitability improved as gross margins benefited from productivity initiatives, restructuring efforts, and favorable product mix, despite ongoing headwinds from inflation, tariff-related costs, and supply chain volatility. Operating expenses rose due to acquisition-related integration costs and higher employee compensation. Wabtec maintains a solid liquidity position, supported by $670 million in cash and access to credit facilities, though interest expenses increased due to higher debt levels used to fund recent acquisitions. Management remains focused on operational efficiency through programs like Integration 3.0 and Portfolio Optimization. Key risks to future performance include macroeconomic instability, geopolitical conflicts, trade policy shifts, and potential labor availability constraints, all of which the company seeks to mitigate through pricing strategies and strategic sourcing. |
| Apr 22, 2026 | mda_quarterly | Wabtec reported first-quarter 2026 net sales of $2.95 billion, a 13% increase over the prior year, driven by $225 million from acquisitions and $60 million in organic growth. A primary driver was the $1.053 billion acquisition of Dellner Couplers. Total backlog rose to $30.8 billion, bolstered by a multi-billion dollar mining contract for drive systems and a $210 million U.S. modernization order. Freight segment sales reached $2.115 billion, supported by North American and international locomotive deliveries and mining, though partially offset by lower engine overhauls and the exit of a low-margin digital project. Transit segment sales grew to $835 million, fueled by sustainable infrastructure investments and increased passenger ridership. Gross margins improved to 36% due to productivity gains and restructuring initiatives. Financial risks include macroeconomic volatility, tariff costs, and inflation in metals, energy, and labor, which the company is mitigating through price escalations and surcharges. Total available liquidity was $2.094 billion as of March 31, 2026. Additionally, the board reauthorized a $1.2 billion stock repurchase program, with $975 million remaining. |
Source: SEC EDGAR filing text and events; period Jul 22, 2026; filed Jul 22, 2026.
WAB company research is available with Aerarium Pro (CAD $10/mo). The five showcase tickers (TSLA, NVDA, AAPL, AMZN, PLTR) and the macro dashboard stay free. Already a subscriber? Sign in to pick up where you left off.