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Wabtec Inc. 10-Q Filings

WAB NYSE

Every 10-Q that Wabtec Inc. (WAB) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow WAB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WAB filings page.

Rhea-AI Summary

Westinghouse Air Brake Technologies Corporation reported second-quarter 2026 net sales of $3,179 million, up from $2,706 million a year earlier. Net income attributable to Wabtec shareholders rose to $395 million from $336 million, with diluted earnings per share increasing to $2.33 from $1.96 as gross margin expanded.

The Freight Segment generated $2,243 million of sales and a 22.5% operating margin, supported by higher locomotive and mining equipment demand and contributions from recent acquisitions. The Transit Segment delivered $936 million of sales and a 15.6% operating margin, aided by strong aftermarket activity and the Dellner Couplers acquisition. Multi-year backlog reached a record approximately $30.9 billion, with about 30% expected to convert to revenue over the next 12 months.

Operating cash flow for the first six months of 2026 increased to $640 million from $400 million, while cash used for acquisitions totaled $1,062 million, primarily for Dellner Couplers. Total debt rose to $6,571 million, including $400 million drawn on the Revolving Receivables Program, and long-term debt stood at $4,915 million. The company continued executing multi-year restructuring programs, incurring $7 million of Integration 3.0 charges in the first half.

Rhea-AI Summary

Westinghouse Air Brake Technologies (Wabtec) grew in Q1 2026, combining solid organic performance with major acquisitions. Net sales rose to $2.95 billion from $2.61 billion, and net income attributable to shareholders increased to $362 million from $322 million, lifting diluted EPS to $2.12 from $1.88.

The Freight segment benefited from higher locomotive and mining equipment demand, while Transit gained from stronger aftermarket and OEM sales as ridership and infrastructure investment improved. Wabtec closed the $1.053 billion Dellner Couplers acquisition, supporting a record $30.8 billion backlog as of March 31, 2026. Operating cash flow was $199 million, and total debt rose to $6.54 billion, largely funding recent deals. The company continues multi‑year Integration and Portfolio Optimization programs to streamline operations and improve margins.

Rhea-AI Summary

Westinghouse Air Brake Technologies (Wabtec) reported higher quarterly results and completed a major acquisition. For the three months ended September 30, 2025, net sales were $2,886 million versus $2,663 million a year ago, and net income attributable to shareholders was $310 million versus $283 million. Diluted EPS was $1.81 compared with $1.63. Gross profit rose to $1,002 million, while operating income reached $491 million.

Wabtec acquired Evident’s Inspection Technologies on July 1, 2025 for approximately $1.788 billion, adding $932 million of goodwill and $734 million of intangible assets. Long-term debt increased to $5,034 million from $3,480 million, reflecting issuance of $500 million 4.90% notes due 2030 and $750 million 5.50% notes due 2035 and draws under the 2025 credit agreement. Operating cash flow for the nine months was $767 million versus $1,111 million in 2024. Remaining performance obligations were about $25.6 billion, with approximately 32% expected over the next 12 months. As of October 17, 2025, shares outstanding were 170,957,186.