Westinghouse Air Brake Technologies (WAB)
NYSE:WAB
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.6Last Year’s EPS
2.27Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a predominantly positive operational and financial performance: double-digit revenue growth, significant backlog expansion, strong adjusted EPS growth, accretive acquisitions running ahead of plan, and disciplined capital returns. Headwinds noted include tariff pressure (expected to affect H1 margins), input-cost inflation, a notable Services/modernization revenue decline, one-time acquisition and restructuring charges, and near-term lumpiness in backlog-to-revenue conversion. Overall, the positives (robust top-line growth, backlog, margin gains, cash generation and raised EPS guidance) materially outweigh the near-term and structural challenges.Company Guidance
Strong Revenue and EPS Growth
Q1 sales of $2.95 billion (rounded to $3.0B), up 13.0% year-over-year. Adjusted EPS of $2.71, up 18.9% versus prior year; GAAP EPS $2.12, up 12.8%.
Backlog Expansion Providing Multi-Year Visibility
12-month backlog up ~13% year-over-year and multiyear backlog exceeded $30 billion, up ~38% YoY, providing increased visibility into future revenue.
Segment Strength — Freight and Transit
Freight sales up 11.3% with adjusted segment operating income up 12.7% and adjusted Freight margin of 26.0% (up 0.3 pp). Transit sales up 17.8% to $835M with adjusted operating margin of 16.6% (up 2.0 pp).
Equipment and Digital Growth
Equipment sales rose 52.5% YoY (driven by locomotive deliveries and mining sales). Digital Intelligence sales increased 75.7% YoY, aided by Inspection Technologies and Frauscher acquisitions.
Margin and Profitability Progress
Adjusted gross margin improved by 2.3 percentage points in the quarter; adjusted operating margin improved 0.2 percentage points to 21.9% despite acquisition-related and tariff headwinds.
Strong Balance Sheet and Capital Allocation
Operational cash flow of $199M (cash conversion 40%), liquidity of $2.09B, net debt leverage 2.3x (inside 2.0-2.5x target). Returned capital: $242M of share repurchases and $53M dividends in the quarter.
M&A Integration and Early Synergy Realization
Recent acquisitions (Inspection Technologies, Frauscher, Dellner) are delivering ahead of plan; Dellner acquisition (~$1B) contributed to revenue and backlog growth and is expected to be accretive to Transit margins over time.
Raised Adjusted EPS Guidance
Increased 2026 adjusted EPS midpoint; new guidance range $10.25–$10.65, representing ~17% growth at the midpoint. Revenue guidance unchanged.
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 |
|---|---|---|---|
Apr 22, 2026 | $257.63 | $261.52 | +1.51% |
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% |
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 Jul 23, 2026, Before Open (Confirmed).
What is Westinghouse Air Brake Technologies (WAB) earnings time?
Westinghouse Air Brake Technologies (WAB) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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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 (Q2) is 2.6.