Wabtec beats quarterly profit estimates on higher locomotive deliveries

Westinghouse Air Brake Technologies

22/04/2026 13:28

April 22 (Reuters) - Locomotive parts maker Wabtec's WAB.N first-quarter adjusted profit beat Wall Street estimates on Wednesday, with the company saying it benefited from higher locomotive deliveries that led to robust demand for its equipment and digital tools.

Wabtec's quarterly adjusted profit rose to $2.71 per share from $2.28 per share a year earlier. Analysts, on average, were expecting $2.51 per share, according to data compiled by LSEG.

The Pittsburgh, Pennsylvania-based company also hiked its 2026 adjusted profit per share forecast to between $10.25 and $10.65, the midpoint of which is slightly below analysts' estimates of $10.46.

Net sales in the freight segment, Wabtec's largest, rose 11.3% to $2.12 billion during the quarter from $1.91 billion a year earlier.

The transit segment grew 17.8% to about $835 million, lifted by higher ridership and increasing public investment in fleet expansion and renewals in international markets, including Europe and India.

Services net sales were down 17.3%, however, as the company recorded lower modernization deliveries than expected.

First-quarter revenue was up 13% from a year earlier at $2.95 billion, slightly below analysts' estimates of $2.96 billion.

(Reporting by Parth Chandna; Editing by Jonathan Ananda)

((Parth.Chandna@thomsonreuters.com;))