DailyIQ
|
WABWestinghouse Air Brake Technologies Corporation

Earnings Release

Westinghouse Air Brake Technologies Corporation's latest earnings press release, filed Jul 22, 2026, scored line by line for tone, guidance and what changed since the prior release.

Guidance raised42 lines scoredFiled Jul 22, 2026SEC 8-K · Exhibit 99
Release Tone
84
UPBEAT
GuidanceGuidance raisedWhat this release does to the company's outlook
Tone change▲ 5.0pointsvs the prior release (Apr 22, 2026)
Hedging language0.00per 100 words▼ 0.00 vs prior
New this quarter11of 42 linesWording that was not in the prior release

The lines that matter most

Ranked by how material, how strongly worded and how new each sentence is.

  1. 1

    Wabtec increased its 2026 revenue guidance range to $12.30 billion to $12.60 billion, raising it $110 million at the midpoint, or up 11.5% versus prior year.

    Guidance raisedNew this quarter
  2. 2

    Wabtec increased its 2026 adjusted EPS guidance range to $10.60 - $10.90, raising it $0.30 at the midpoint, or up 19.9% versus prior year.

    Guidance raised
  3. 3

    Announces Increase to Full-Year Revenue & Adjusted EPS Guidance

    Guidance raisedNew this quarter
  4. 4

    Freight segment sales for the second quarter were up 16.9%.

  5. 5

    PITTSBURGH, July 22, 2026 – Wabtec Corporation (NYSE: WAB) today reported second quarter 2026 GAAP earnings per diluted share of $2.33, up 18.9% versus the second quarter of 2025.

  6. 6

    “Wabtec delivered a strong first half, with solid second quarter execution across our businesses driving robust sales growth, margin expansion and a 22% increase in adjusted EPS growth,” said Rafael Santana, Wabtec’s Chairman and CEO.

    New this quarter
  7. 7

    Digital sales were up 88.5% driven by the acquisitions of Inspection Technologies and Frauscher Sensor Technologies.

  8. 8

    GAAP operating margin was higher than the prior year at 18.9%, and adjusted operating margin was higher than the prior year at 21.9%.

Release by release

Tone and guidance for the last 2 earnings releases.

  1. Jul 22, 2026Guidance raised84.0+5.0
  2. Apr 22, 2026Guidance raised78.9

Bar length: tone on a 50–89 scale.

The release, annotated

1Highlight rankPositive toneNeutralNegative toneDimmed text: low materiality
Results
Wabtec Reports Strong Second Quarter 2026 Results
Outlook
3Announces Increase to Full-Year Revenue & Adjusted EPS GuidanceGuidance raised
Results
Q2 2026 HIGHLIGHTS
Management commentary
6“Wabtec delivered a strong first half, with solid second quarter execution across our businesses driving robust sales growth, margin expansion and a 22% increase in adjusted EPS growth,” said Rafael Santana, Wabtec’s Chairman and CEO.
“The strength of our performance reflects the resilience of our portfolio, the impact of our innovative solutions and the disciplined execution from our teams.
During the quarter, we continued to build momentum through strategic commercial awards and the successful integrations of our recent acquisitions, further enhancing our market position and expanding our long-term growth opportunities.
“With a strong foundation, a talented global team, and significant opportunities ahead, we are well positioned to deliver profitable growth and continue to compound shareholder value.”
Results
Sales Growth of 17.5% to $3.18 Billion Driven by Both the Freight and Transit Segments
GAAP Operating Margin at 18.9%; Adjusted Operating Margin Up 0.8 pts to 21.9%
Management commentary
Strong Multi-year Backlog at $30.93 Billion; 12-month Backlog Growth at 11.3%
Results
GAAP Earnings Per Share of $2.33, Up 18.9%; Adjusted Earnings Per Share of $2.76, Up 21.6%
5PITTSBURGH, July 22, 2026 – Wabtec Corporation (NYSE: WAB) today reported second quarter 2026 GAAP earnings per diluted share of $2.33, up 18.9% versus the second quarter of 2025.
Adjusted earnings per diluted share were $2.76, up 21.6% versus the same quarter a year ago.
Second quarter sales were $3.18 billion and cash from operations was $441 million.
2026 Second Quarter Consolidated Results
Sales increased 17.5% compared to the year-ago quarter driven by higher sales in the Freight and Transit segments, which includes the acquisitions of Inspection Technologies, Frauscher Sensor Technologies, and Dellner Couplers.
8GAAP operating margin was higher than the prior year at 18.9%, and adjusted operating margin was higher than the prior year at 21.9%.
Both GAAP and adjusted operating margins benefited from robust sales growth and improved gross margins in the quarter.
GAAP EPS and adjusted EPS increased from the year-ago quarter primarily due to higher sales and operating margin expansion.
2026 Second Quarter Freight Segment Results
4Freight segment sales for the second quarter were up 16.9%.
Equipment sales were up 35.0% driven by higher locomotive deliveries, while Services sales were down 4.2% due to lower modernization deliveries, as expected.
7Digital sales were up 88.5% driven by the acquisitions of Inspection Technologies and Frauscher Sensor Technologies.
GAAP and adjusted operating margin benefited from gross margin improvements which was partially offset by higher operating expenses as a percentage of revenue.
2026 Second Quarter Transit Segment Results
Transit segment sales for the second quarter were up 18.9% driven by the acquisition of Dellner Couplers, higher OE and aftermarket sales, and favorable foreign currency exchange.
Sales were up 17.7% on a constant currency basis.
GAAP and adjusted operating margins were up as a result of improved gross margins.
GAAP gross margins were partially offset by higher operating expenses as a percent of revenue.
Backlog
The Company’s multi-year backlog continues to provide strong visibility.
At June 30, 2026, the 12-month backlog was $0.93 billion higher than the prior year period.
At June 30, 2026, the multi-year backlog was $9.10 billion higher than the prior year period, and excluding foreign currency exchange, the multi-year backlog was $9.02 billion higher, up 41.3%.
Cash Flow and Liquidity Summary
During the second quarter, the Company generated cash from operations of $441 million versus $209 million in the year ago period.
The increase in cash was driven by higher net income and favorable working capital.
At the end of the quarter, the Company had cash, cash equivalents and restricted cash of $0.67 billion and total debt of $6.57 billion.
At June 30, 2026, the Company’s total available liquidity was $2.02 billion, which includes $0.66 billion in cash and cash equivalents plus $1.36 billion available under current credit facilities.
Capital return
During the quarter, the Company repurchased $215 million of Wabtec shares and paid $53 million in dividends.
Outlook
2026 Financial Guidance
1Wabtec increased its 2026 revenue guidance range to $12.30 billion to $12.60 billion, raising it $110 million at the midpoint, or up 11.5% versus prior year.Guidance raised
2Wabtec increased its 2026 adjusted EPS guidance range to $10.60 - $10.90, raising it $0.30 at the midpoint, or up 19.9% versus prior year.Guidance raised
42 boilerplate lines (safe-harbor disclaimer, contacts, call details) are set aside.

How this is scored

  • Source: the press release Westinghouse Air Brake Technologies Corporation filed with the SEC as Exhibit 99 to Form 8-K (Item 2.02). Financial statements and boilerplate are set aside.
  • Tone: a financial sentiment model scores each sentence 0 to 100; the release score weights sentences by how material they are.
  • Materiality and guidance: a classifier judges whether each sentence is specific information, and what the release does to the outlook.
  • New this quarter: wording that does not appear in the prior release.
  • Hedging: uncertainty words (may, could, approximately, headwinds and similar) per 100 words of narrative.

These scores describe the release's language. They are not a forecast or a recommendation. Read the original filing

Back to WAB overview