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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.
Westinghouse Air Brake Technologies Corp President and CEO Rafael Santana sold 2,326 shares of common stock in open-market transactions on July 6 and 7. The sales occurred at prices ranging from $253.9550 to $264.1525 per share. After these trades, he directly holds 121,751 shares.
Theophilus Nicole B reported acquisition or exercise transactions in this Form 4 filing.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP reported that EVP & Chief Administrative Officer Nicole B. Theophilus received a stock award of 2,192 shares of common stock on July 1, 2026. The shares vest on the first anniversary of the grant date, making this a time-based equity compensation grant rather than a cash transaction. A footnote states the fair market value of the stock on the grant date was $266.7510 per share. Following this award, she directly holds 23,599 shares of Wabtec common stock.
Westinghouse Air Brake Technologies Corp executive Sameer Gaur, President of Global Freight Services, completed an open-market sale of 1,082 shares of Common Stock on June 12, 2026 at a weighted average price of $263.4983 per share. The shares were sold in multiple trades between $263.49 and $263.58. After this transaction, Gaur directly holds 11,985 shares of Wabtec common stock.
Westinghouse Air Brake Technologies President and CEO Rafael Santana sold 2,326 shares of Wabtec common stock in open-market transactions on June 5 and June 8, 2026, at weighted average prices between $259.32 and $263.925 per share. After these sales, he directly owns 124,077 shares.
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.
Babcock Beverley A reported acquisition or exercise transactions in this Form 4 filing.
Westinghouse Air Brake Technologies Corp director Beverley A. Babcock received a stock grant of 765 shares of common stock on May 13, 2026. The award was granted at no cash cost, with a fair market value of $268.035 per share on the grant date.
The shares vest on the first anniversary of the grant date, meaning Babcock must remain in service for one year before the award fully vests. After this grant, Babcock directly holds a total of 4,740 shares of Westinghouse Air Brake Technologies common stock.
Perez Juan R. reported acquisition or exercise transactions in this Form 4 filing.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP director Juan R. Perez received a stock award of 765 shares of common stock on May 13, 2026. The award was granted at no cash cost to him, with a stated fair market value of $268.035 per share on the grant date and will vest on the first anniversary of the grant. Following this compensation-related award, Perez directly holds a total of 2,011 common shares.
Klee Ann R. reported acquisition or exercise transactions in this Form 4 filing.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP director Ann R. Klee received an equity grant of 765 shares of common stock. The award was granted at no cash cost to her on the grant date, with a reported fair market value of $268.035 per share on May 13, 2026. These shares vest on the first anniversary of the grant date and increase her direct holdings to 12,574 common shares, reflecting routine, compensation-related stock-based pay rather than an open-market purchase.