WAB
Westinghouse Air Brake Technologies Corporation213.73
-1.65-0.77%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
36.54BP/E (TTM)
31.07Basic EPS (TTM)
6.88Dividend Yield
0%Recent Filings
8-K
10-Q
10-Q
Q2 FY2025 results
Wabtec's Q2 sales climbed 2.3% year-over-year to $2.71B, with organic growth of 0.9% (derived) fueled by Transit demand for OEM and aftermarket amid fleet expansions, while Freight held steady but saw Services uptick from locomotive modernizations offsetting Components dips via low-margin exits. Gross margins expanded to 34.7% from 33.0%, thanks to productivity gains and Integration 3.0 efficiencies, lifting operating income 10.0% to $472M; diluted EPS rose 19.5% to $1.96 on 171.2M shares, reconciling cleanly with no anti-dilution flags. Cash swelled to $1.50B, with operating cash at $400M for H1 (down from $569M on inventory timing), and free cash flow of $317M (derived) after $83M capex; total debt hit $4.78B including new 2030/2035 notes, yet $2.0B revolver availability cushions upcoming M&A like the $1.78B Inspection Technologies close on July 1. Sales momentum persists. Ongoing antitrust litigation from a competitor poses integration risks.
8-K
Wabtec boosts EPS guidance
Wabtec posted Q2 2025 sales of $2.71B, up 2.3% year-over-year, with adjusted EPS climbing 15.8% to $2.27 amid margin gains to 21.1%. Transit surged 8.7%, but freight dipped slightly from delayed locomotive shipments. Backlog swelled 11.9% in the next 12 months. The company raised full-year adjusted EPS guidance to $8.55-$9.15, fueled by $3.5B in accretive M&A. Supply snags linger.
8-K
Wabtec closes $1.78B acquisition
Wabtec Corporation completed its $1.78 billion acquisition of Evident's Inspection Technologies division on July 1, 2025, bolstering its Digital Intelligence segment with non-destructive testing and remote visual inspection tools. The deal, financed via cash, term notes, loans, and borrowings, doubles the total addressable market to $16 billion and targets $25 million in run-rate cost synergies. It promises high single-digit revenue growth and slight Adjusted EPS accretion in late 2025. Integration risks could temper these gains.
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