Wabtec Q4 sales rise 14.8%, beat estimates

Westinghouse Air Brake Technologies

11/02/2026 11:37

Overview

Rail technology firm's Q4 revenue rose 14.8%, beating analyst expectations

Adjusted EPS for Q4 increased 25%, beating analyst expectations

Company's backlog reached a record $27 bln, up 23% yr/yr

Outlook

Wabtec expects 2026 sales between $12.19 bln and $12.49 bln

Company projects 2026 adjusted EPS between $10.05 and $10.45

Wabtec's record $27 bln backlog supports sustained growth

Result Drivers

FREIGHT SEGMENT GROWTH - Q4 sales increased 18.3%, driven by higher locomotive deliveries and acquisitions in digital technologies

TRANSIT SEGMENT GROWTH - Q4 sales rose 6.7% due to strong original equipment and aftermarket sales

BACKLOG EXPANSION - Record $27 bln backlog provides strong visibility for future growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
$2.97 bln
$2.86 bln (9 Analysts)
Q4 Adjusted EPS
Beat
$2.10
$2.08 (10 Analysts)
Q4 EPS
$1.18
Q4 Adjusted Gross Margin
33.70%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

Wall Street's median 12-month price target for Westinghouse Air Brake Technologies Corp is $245.00, about 0.6% above its February 10 closing price of $246.45

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nBw538sJxa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)