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Westinghouse Air Brake Technologies (WAB)
NYSE:WAB
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.51Last Year’s EPS
2.28Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: solid revenue growth, meaningful adjusted EPS expansion, record cash generation, expanding backlogs, successful acquisitions, and enhanced shareholder returns. Key challenges include tariff-induced cost pressure, timing-related softness in modernization/services, GAAP charges from restructuring and acquisitions, and a weaker North American railcar build outlook for 2026. Management highlighted successful integration savings and raised cost-savings guidance, reinforcing confidence in achieving mid-to-high-teens adjusted EPS growth in 2026. On balance, the positive operational results, cash strength, backlog growth, and proactive cost/integration actions outweigh the near-term headwinds and one-time charges.Company Guidance
Full-Year Revenue and EPS Growth
2025 revenue grew 7.5% year-over-year and adjusted EPS increased 18.7% (nearly 19%), demonstrating strong top-line growth and profitability on an adjusted basis.
Strong Fourth Quarter Sales and Adjusted EPS
Q4 sales were $2.97–$3.0 billion, up ~14.8%–15% year-over-year, and Q4 adjusted EPS was $2.10, up 25% versus the prior-year quarter.
Robust Cash Generation and Liquidity
Q4 cash from operations was $992 million, full-year cash from operations was $1.76 billion, cash conversion was 104% for Q4 (average ~99% over six years and >110% over the last two years). Liquidity ended the quarter at $3.21 billion and net leverage was 1.9x, within the 2.0–2.5x target range.
Backlog Expansion and Order Momentum
Twelve-month backlog closed at $8.2 billion (up 7% YoY) and multiyear backlog surpassed $27 billion (up 23% YoY). Freight twelve-month backlog was $6.02 billion (+8%) and multiyear freight backlog was $22.49 billion (+25.1%). The company converted more than $2 billion of pipeline into new locomotive and modernization orders in the quarter.
Notable Product and Commercial Wins
Secured $75 million in digital (PTC/Kinetics) orders in key international markets and delivered the first battery-electric heavy-haul locomotives to BHP, highlighting progress on sustainability and product leadership.
Acquisitions and Integration Success
Closed Frauzer Sensor Technologies and Delner (Downer Couplers), added Inspection Technologies and others; acquisitions drove strong inorganic growth (digital up 74.4% in Q4 driven by acquisitions). Integration 2.0 delivered $103 million run-rate savings (versus $75–90M target). Integration 3.0 produced $49 million run-rate savings in year one and guidance was raised to $115–140M run-rate savings by 2028.
Equipment & Product Mix Strength
Q4 equipment sales rose 33.5% year-over-year and component sales were up 11.1% in Q4; GAAP gross margin expanded to 32.6% (up 1.7 ppts YoY) and adjusted gross margin rose 2.1 ppts in the quarter.
Capital Allocation and Shareholder Returns
Board increased the dividend by 24% and expanded share repurchase authorization to $1.2 billion; the company repurchased ~$223 million of shares and paid $173 million in dividends in 2025.
2026 Guidance
Provided 2026 guidance of $12.2–$12.5 billion in sales (≈+10.5% at midpoint) and adjusted EPS $10.05–$10.45 (~+14% at midpoint), incorporating recent acquisitions and signaling continued confidence in growth and margin expansion.
Westinghouse Air Brake Technologies (WAB) Earnings, Revenues Date & History
WAB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WAB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $246.15 | $254.11 | +3.23% |
Oct 22, 2025 | $197.52 | $192.96 | -2.31% |
Jul 24, 2025 | $213.59 | $199.96 | -6.38% |
Apr 23, 2025 | $170.91 | $181.07 | +5.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Westinghouse Air Brake Technologies (WAB) report earnings?
Westinghouse Air Brake Technologies (WAB) is schdueled to report earning on Apr 29, 2026, Before Open (Confirmed).
What is Westinghouse Air Brake Technologies (WAB) earnings time?
Westinghouse Air Brake Technologies (WAB) earnings time is at Apr 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WAB EPS forecast?
WAB EPS forecast for the fiscal quarter 2026 (Q1) is 2.51.