Wabtec Raises Full-Year Guidance Following Strong Q1 Growth

Westinghouse Air Brake Technologies Corp. (WAB) has posted strong first-quarter results for 2026, characterized by growth across its primary business segments. The company reported net income attributable to shareholders of $362 million, an increase from the $322 million recorded in the same period last year. The growth was primarily fueled by increased sales within the Freight and Transit segments, reflecting steady demand for rail technology and infrastructure. Net sales for the quarter climbed to $2.95 billion, compared to $2.61 billion in the prior year, while income from operations rose to $517 million from $474 million. On an adjusted basis, the company's performance was even more pronounced. Adjusted net income rose to $462 million from $392 million, with adjusted earnings per share (EPS) reaching $2.71, up from $2.28. Adjusted EBITDA also saw a substantial jump, rising to $716 million from $608 million. Based on the quarter's momentum, Wabtec has raised its full-year 2026 adjusted EPS guidance to a range of $10.25 to $10.65. This represents a 16.5% increase at the midpoint. The company maintained its revenue outlook for the year, expecting totals between $12.19 billion and $12.49 billion, implying growth of approximately 10.5% at the midpoint.