Westinghouse Air Brake Technologies Corp reported second-quarter 2026 results with revenue of $3.18B, net income of $395M and diluted EPS of $2.33, versus $2.71B, $336M and $1.96, respectively, in the prior-year quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$3.18B$2.71B17.5% | Net income²$395M$336M17.6% | Diluted EPS³$2.33$1.9618.9% |
¹ Reported as “Total net sales”. ² Reported as “Net income attributable to Wabtec shareholders”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Revenue growth of roughly 15–17% year over year (Q2 +17.5%; H1 +15.3%) was driven by a mix of organic demand and recent acquisitions.
- Freight demand was strong, supported by higher locomotive and mining equipment deliveries; Transit saw growth in Aftermarket and OEM businesses.
- Total backlog reached a record $30.9B at June 30, 2026, underpinning continued demand and rollout of the EVO modernization program.
- Gross margin improved due to productivity gains, restructuring savings and acquisition accretion despite inflationary pressures from tariffs.
- The company completed the acquisition of Dellner Couplers on Feb. 10, 2026, and is working on integration and portfolio optimization.
Original SEC Filing:
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