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Westinghouse Air Brake Technologies 8-K Report, Financial Results (Jul 22, 2026)

Reports
Earnings & Results·Regulation FD·Exhibits & Filings
Filing Date
Filed July 22, 2026
Period End
July 22, 2026
Security
WAB
In the record · 2016–202610-K1110-Q338-K132

WAB filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 132 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Mar ’17Mar ’17
  2. Leadership change8-K · Jul ’19Jul ’19
  3. Leadership change8-K · Aug ’21Aug ’21
  4. Material agreement8-K · May ’25May ’25

01—Abstract

Summary

Summary of the 8-K filed July 22, 2026. Cited figures are marked; the original filing is the authoritative source.

Westinghouse Air Brake Technologies Corporation (Wabtec, NYSE: WAB) reported second quarter 2026 results on July 22, 2026, with GAAP diluted EPS of $2.33a, up 18.9% year over year, and adjusted diluted EPS of $2.76, up 21.6%.

Net sales were $3,179 millionb ($3.18 billion), up 17.5% from $2,706 million, driven by the Freight and Transit segments and including the acquisitions of Inspection Technologies, Frauscher Sensor Technologies and Dellner Couplers. GAAP operating margin was 18.9% (up 1.5 pts) and adjusted operating margin was 21.9% (up 0.8 pts). Cash from operations was $441 million versus $209 million a year earlier, with operating cash flow conversion of 82% versus 46%.

Backlog remained strong: total backlog was $30,932 millionc, up 41.7% from $21,828 million, and 12-month backlog was $9,140 million, up 11.3%. Management highlighted a $1.0 billion Australian order and a $184 million PTC order with Vale. Cash, cash equivalents and restricted cash was $670 million against total debt of $6.57 billion, and total available liquidity was $2.02 billion.

During the quarter the company repurchased $215 milliond of shares and paid $53 million in dividends. The company raised its 2026 guidance: revenue to $12.30 billion to $12.60 billion (up $110 million at the midpoint) and adjusted EPS to $10.60 to $10.90 (up $0.30 at the midpoint). The filing furnishes a press release (Exhibit 99.1) and an earnings presentation (Exhibit 99.2) under Items 2.02 and 7.01, and notes that GAAP EPS guidance is not reconciled to adjusted EPS because restructuring, acquisition-related and other charges cannot be predicted with reasonable certainty.

02—Key points

Key Highlights

  1. Net sales rose 17.5% to $3.18 billion in Q2 2026, with Freight sales up 16.9% and Transit sales up 18.9%.
  2. GAAP diluted EPS was $2.33 (up 18.9%) and adjusted diluted EPS was $2.76 (up 21.6%).
  3. Adjusted operating margin reached 21.9%, up 0.8 pts, while GAAP operating margin was 18.9%, up 1.5 pts.
  4. Total backlog grew 41.7% to $30.93 billion; 12-month backlog grew 11.3% to $9.14 billion.
  5. Cash from operations was $441 million versus $209 million a year earlier, with 82% operating cash flow conversion.
  6. 2026 guidance was raised: revenue to $12.30–$12.60 billion and adjusted EPS to $10.60–$10.90.
  7. Total debt was $6.57 billion, with $2.02 billion of available liquidity at June 30, 2026.

03—Questions

Frequently Asked Questions

  1. How did Wabtec perform in the second quarter of 2026?

    Net sales were $3.18 billion, up 17.5% year over year, and GAAP diluted EPS was $2.33, up 18.9%. Adjusted diluted EPS was $2.76, up 21.6%, and adjusted operating margin was 21.9%.

  2. What drove the sales growth?

    The filing attributes sales growth to both the Freight and Transit segments, including the acquisitions of Inspection Technologies, Frauscher Sensor Technologies and Dellner Couplers. Freight Equipment sales rose 35.0% on higher locomotive deliveries, while Freight Services sales fell 4.2% due to lower modernization deliveries.

  3. What is the company's backlog position?

    Total backlog at June 30, 2026 was $30,932 million, up 41.7% from $21,828 million a year earlier. The 12-month backlog was $9,140 million, up 11.3%.

  4. What is the updated 2026 outlook?

    Wabtec raised its 2026 revenue guidance to $12.30–$12.60 billion and its adjusted EPS guidance to $10.60–$10.90. The guidance assumes a tax rate of about 24.5% and capex of about 2% of sales.

  5. How is the company's cash and balance sheet position?

    Cash, cash equivalents and restricted cash was $670 million and total debt was $6.57 billion at quarter end. Total available liquidity was $2.02 billion, and the company returned capital through $215 million of share repurchases and $53 million of dividends during the quarter.

04—Continue

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