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Wabtec (WAB) 8-K Filings

WAB NYSE

Here are the 8-K filings from Wabtec Inc. (WAB) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

An 8-K covers material events a company has to report between its quarterly 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 (WAB) completed a public offering and sale of $500 million aggregate principal amount of 5.900% Senior Notes due 2037 on November 4, 2026. The notes mature on February 25, 2037, pay interest semiannually on February 25 and August 25 beginning February 25, 2027, and rank equally in right of payment with WAB’s other senior unsecured indebtedness. Qualifying current and future subsidiaries guarantee payments jointly and severally on an unsecured basis.

WAB intends to use the net proceeds, together with borrowings under its revolving credit facilities or short-term facilities and/or proceeds from issuances under its commercial paper program, to repay its outstanding 3.45% Senior Notes due 2026 at maturity on November 15, 2026. The notes may be redeemed before November 25, 2036 at a make-whole premium, and on or after that date at 100% of principal plus accrued and unpaid interest. A change-of-control triggering event requires an offer to purchase at 101% of principal plus accrued and unpaid interest. The notes are effectively subordinated to secured debt and structurally subordinated to liabilities of subsidiaries that do not guarantee them.

Rhea-AI Summary

Westinghouse Air Brake Technologies Corporation priced a public offering of $500 million aggregate principal amount of 5.900% Senior Notes due 2037. The sale is expected to close November 4, 2026, subject to customary closing conditions. The notes will pay interest semi-annually in arrears and mature February 25, 2037, unless earlier redeemed or repurchased. Current and future subsidiaries that guarantee the company's indebtedness under its credit agreements or other debt will guarantee the notes.

The company intends to use the net proceeds, together with borrowings under its revolving credit facilities or short-term facilities and/or proceeds from issuances under its commercial paper program, to repay its outstanding 3.450% Senior Notes due 2026 at their November 15, 2026 maturity.

Rhea-AI Summary

Westinghouse Air Brake Technologies Corporation reported third-quarter 2026 sales of $3.12 billion, up 8.1% year over year. GAAP diluted EPS was $2.42, up 33.7%, and adjusted diluted EPS was $2.83, up 22.0%. Cash from operations was $455 million, compared with $367 million a year earlier. Freight sales rose 6.9% to $2.237 billion; Transit sales rose 11.3% to $883 million. Total backlog was $31.435 billion at September 30, 2026, including $8.992 billion of 12-month backlog.

Wabtec raised and tightened its 2026 adjusted diluted EPS guidance to $10.85 to $11.05; it continues to expect revenue of $12.30 billion to $12.60 billion. Guidance assumes tariffs in effect as of October 21, 2026, and excludes IEEPA tariff refunds in 4Q26. At September 30, 2026, available liquidity was $2.09 billion, including $480 million in cash and cash equivalents and $1.61 billion available under current credit facilities. During the quarter, Wabtec repurchased $305 million of shares and paid $52 million in dividends.

Rhea-AI Summary

Westinghouse Air Brake Technologies Corporation (WAB) established a commercial paper program on October 1, 2026, permitting it to issue up to $2,000,000,000 of short-term, unsecured notes outstanding at any time. The notes will have maturities of up to 397 days from issuance and their payment will be unconditionally guaranteed by GE Transportation, a Wabtec Company; RFPC Holding Corp.; Transportation IP Holdings, LLC; Transportation Systems Services Operations Inc.; Wabtec Components LLC; Wabtec Holding, LLC; Wabtec Railway Electronics Holdings, LLC; Wabtec Transportation Systems, LLC; and Wabtec US Rail, Inc.

The notes may be issued at a discount from par or at par, with interest rates determined at issuance. Dealers may purchase notes from WAB or arrange their sale. The notes and guarantees will be issued on a private placement basis under the Securities Act’s Section 4(a)(2) exemption.

Rhea-AI Summary

Westinghouse Air Brake Technologies Corporation (Wabtec) reported strong second-quarter 2026 results, with net sales of $3.18 billion, up 17.5% year over year. GAAP diluted EPS was $2.33 and adjusted diluted EPS $2.76, increases of 18.9% and 21.6% respectively. GAAP operating margin rose to 18.9% and adjusted operating margin to 21.9% as both Freight and Transit segments delivered double-digit sales growth.

The company generated $441 million of operating cash flow, achieving 82% cash conversion, and ended the quarter with $0.67 billion of cash, cash equivalents and restricted cash and total available liquidity of $2.02 billion. Backlog remained robust, with 12-month backlog of $9.14 billion and total backlog of $30.93 billion, up 11.3% and 41.7% from a year earlier. Wabtec repurchased $215 million of shares and paid $53 million in dividends during the quarter. Management raised full-year 2026 guidance, now expecting revenue of $12.30–$12.60 billion and adjusted EPS of $10.60–$10.90.

Rhea-AI Summary

Westinghouse Air Brake Technologies Corporation reported the results of its 2026 Annual Meeting of Stockholders held on May 12, 2026. Stockholders elected three directors—Rafael Santana, Lee C. Banks, and Byron S. Foster—to three-year terms expiring in 2029, each receiving strong majority support.

Stockholders also approved an advisory (non-binding) resolution on 2025 named executive officer compensation and ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the 2026 fiscal year, with substantial votes in favor.

Rhea-AI Summary

Westinghouse Air Brake Technologies Corporation (Wabtec) reported strong first quarter 2026 results with net sales of $2.95 billion, up 13.0% from 2025. GAAP diluted EPS rose to $2.12 and adjusted diluted EPS to $2.71, increases of 12.8% and 18.9%.

The Freight and Transit segments both grew, supported by acquisitions and higher equipment and transit demand. Multi-year backlog reached $30.80 billion, up 38.1%, while cash from operations was $199 million. Wabtec raised its 2026 adjusted EPS guidance range to $10.25–$10.65 and reaffirmed revenue guidance of $12.19–$12.49 billion.

Rhea-AI Summary

Westinghouse Air Brake Technologies Corporation furnished an investor presentation highlighting its strategy, 2025 performance, and 2025–2029 outlook. For 2025, the company reports $11.17 billion in sales, a 20.3% adjusted operating margin, 16.1% GAAP operating margin, and $1.76 billion of cash flow from operations, reflecting 104% cash conversion. Adjusted EPS was $8.97 versus $6.83 GAAP EPS.

The presentation outlines a five-year plan targeting mid single-digit organic sales growth, double-digit adjusted EPS growth, cash from operations conversion above 90%, and more than 350 basis points of adjusted operating margin expansion from 2025 to 2029. Management emphasizes a resilient freight and transit rail portfolio, growing high-margin recurring revenue streams, disciplined capital deployment, and sustainability and technology initiatives such as fleet modernization, digital solutions, and lower-emission locomotive technologies.

Rhea-AI Summary

Westinghouse Air Brake Technologies (Wabtec) reported a strong fourth quarter and full-year 2025, driven by growth in both Freight and Transit. Q4 sales were $2.97 billion, up 14.8% year over year, with adjusted diluted EPS rising 25.0% to $2.10 despite GAAP EPS dipping to $1.18 due to restructuring and acquisition-related costs.

Full-year 2025 sales reached $11.17 billion, up 7.5%, with GAAP EPS of $6.83 and adjusted EPS of $8.97, up 13.1% and 18.7% respectively. Operating margins expanded, with adjusted operating margin improving to 20.3%. Cash from operations was $1.76 billion, delivering 104% cash conversion. Backlog hit a record $27.41 billion, up 23.1%, providing multi‑year revenue visibility.

Management issued 2026 guidance for sales of $12.19–$12.49 billion and adjusted EPS of $10.05–$10.45, implying mid‑teens earnings growth. The Board raised the quarterly dividend by 24% to $0.31 per share and expanded share repurchase authorization to $1.2 billion, while completing acquisitions such as Dellner Couplers to support future growth.

Rhea-AI Summary

Westinghouse Air Brake Technologies Corporation (Wabtec) furnished a press release reporting its third quarter 2025 results and provided fiscal 2025 earnings guidance. The company also made available an investor presentation for the quarter.

The press release and presentation were furnished as Exhibits 99.1 and 99.2 and incorporated by reference under Items 2.02 and 7.01. The company states this information is furnished, not filed, and therefore is not subject to Section 18 liability. Wabtec’s common stock (symbol WAB) is listed on the New York Stock Exchange.

Form 8-K
Form 8-K