Wabtec raises annual profit, revenue forecast on strong aftermarket demand

Westinghouse Air Brake Technologies

24/07/2025 13:52

July 24 (Reuters) - Locomotive parts maker Wabtec WAB.N raised its annual profit and revenue forecast on Thursday, banking on strong demand across its end markets.

Steady aftermarket demand, coupled with growth in international markets such as Europe and India, has boosted the Pittsburgh, Pennsylvania-based company's performance.

The company, which provides equipment, digital solutions and value-added services for freight and transit rail industries, among other markets, expects adjusted 2025 earnings of $8.55 to $9.15 per share, compared with its prior view of $8.35 to $8.95.

It raised its full-year revenue forecast to a range of $10.92 billion to $11.22 billion from an earlier projection of $10.72 billion to $11.02 billion, largely reflecting the acquisition of Evident Inspection Technologies Division.

Net sales in Wabtec's transit segment, which caters to passenger vehicles such as subway cars and buses, rose 8.7% in the second quarter.

Its quarterly adjusted profit came in at $2.27 per share, beating analysts' average estimates of $2.17 per share, according to data compiled by LSEG.

The industrial company's second-quarter net sales grew 2.3% to $2.70 billion, but missed expectations of $2.77 billion.

 (Reporting by Parth Chandna; Editing by Shreya Biswas)

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