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08:30
Jul 22 ◎

WAB FY2026 Q2 Watch

Westinghouse Air Brake Technologies Corporation (WAB) FY2026 Q2 Earnings Call

WAB VALE ▾

Rafael Santana

Management raised full-year guidance on stronger demand, better execution, and favorable flow-through from acquisitions, signaling confidence in continued margin expansion and revenue growth despite tariff headwinds.

"We now expect 2026 revenue of approximately $12.5 billion at the midpoint, up 11.5% from last year, which is an increase of one percentage point versus our prior guidance. We also now expect adjusted EPS to be in the range of $10.60 to"

WAB WATCH

Rafael Santana

Vale is investing in PTC technology from Wabtec, indicating ongoing modernization and safety upgrades in its Brazilian rail operations, which could signal sustained demand for rail automation solutions.

"We also signed a $184 million order for positive train control with Vale, strengthening our long-standing partnership and marking an important step forward in advancing rail safety, efficiency, and automation across Brazil's rail network."

VALE WATCH

HIGH

08:30
Apr 22 ◎

WAB FY2026 Q1 Watch

Westinghouse Air Brake Technologies Corporation (WAB) FY2026 Q1 Earnings Call

WAB KWK.F MU ▾

Rafael Santana

Management raised EPS guidance driven by better operational execution and non-operational benefits, while maintaining revenue outlook, indicating confidence in margin expansion and underlying demand despite tariff headwinds.

"we are increasing our previous adjusted EPS midpoint guidance, and we now expect adjusted EPS to be in the range of $10.25 to $10.65 representing approximately 17% growth at the midpoint. Our revenue guidance remains unchanged."

WAB WATCH

Rafael Santana

Wabtec secured a transit order from Kawasaki, indicating ongoing demand for Wabtec's components in new railcar builds for NYC.

"We signed a $54 million brake and couplers order with Kawasaki for the New York City Transit"

KWK.F WATCH

John Olin

Wabtec is seeing inflation in memory chips for its digital business, which could pressure gross margins in the near term. — Memory chip cost inflation could echo through to other industrial users of embedded computing, signaling a broader input cost headwind.

"We're seeing copper, aluminum, steel up. We're seeing precious metals up. Silver impacts us as well. Transportation costs are up as well as we're seeing some pressure on memory chips in our digital business."

MU WATCH

HIGH

08:30
Feb 11 ◎

WAB FY2025 Q4 Watch

Westinghouse Air Brake Technologies Corporation (WAB) FY2025 Q4 Earnings Call

WAB BHP GBX TRN ▾

Rafael Santana

Management is confident in continued strong earnings growth driven by record backlog, pipeline momentum, and cost initiatives, despite near-term tariff and mix headwinds.

"We expect 2026 to mark our sixth consecutive year of mid to high-teen adjusted EPS growth, positioning us to drive very significant long-term value creation."

WAB WATCH

Rafael Santana

BHP is receiving first-of-kind battery electric locomotives, signaling commitment to sustainability and operational efficiency in mining.

"In the quarter, we delivered the first battery electric heavy haul locomotives to BHP, an important milestone for Wabtec and the industry."

BHP WATCH

Rafael Santana

Wabtec expects North American railcar builds to decline another 22% to ~24,000 units in 2026, pressuring the components business, but industrial and heat transfer products are offsetting the weakness. — The continued railcar build decline signals weak demand for new freight cars, impacting railcar manufacturers and lessors (Greenbrier, Trinity), but Wabtec's diversified portfolio mitigates the hit.

"The industry outlook for 26 is expected to be 24,000 cars, down another 22% versus 2025."

GBX WATCH TRN WATCH

HIGH

08:00
Oct 22 ◎

WAB FY2025 Q3 Watch

Westinghouse Air Brake Technologies Corporation (WAB) FY2025 Q3 Earnings Call

UNP NSC WAB CSX ▾

John Olin

Tariffs hit cash flow immediately when products cross the border, but the P&L impact is delayed 2-4 quarters as inventory cycles through, creating a timing mismatch that may pressure near-term cash conversion but will be recovered over time through mitigation actions including pricing escalations. — The lag between cash outlay and P&L recognition means Wabtec's reported margins in the near term may appear artificially strong while cash conversion suffers, and this dynamic could influence pricing negotiations with rail customers in the coming quarters.

"When a product comes across the border, the tariff is owed, right? So that hits cash first, and we're certainly seeing pressure on overall cash as that increased expense comes through. Now, what that does is that gets inventoried and flows"

UNP WATCH NSC WATCH CSX WATCH

Rafael Santana

Management raised full-year EPS guidance on strong Q3 execution, expanding margins, and a robust backlog, with particular confidence in international and transit growth despite near-term tariff headwinds.

"We now expect adjusted EPS to be between $8.85 to $9.05, up 18% at the midpoint."

WAB WATCH

HIGH

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