Nov 4, 4:20 PM ET
Westinghouse Air Brake Technologies completed a $500 million offering of 5.900% senior notes maturing February 25, 2037. The company plans to use the proceeds, along with revolver, short-term and commercial paper funding, to repay its 3.45% senior notes due November 15, 2026. The filing adds long-term debt but describes it as refinancing existing maturing debt, and the filing does not report earnings or guidance.
- Notes: $500 million aggregate principal, 5.900% coupon, maturing February 25, 2037
- Interest payable semi-annually on February 25 and August 25, starting February 25, 2027
- Proceeds intended to repay 3.45% senior notes due 2026 at maturity on November 15, 2026
- Change of control triggers an offer to repurchase at 101% of principal; notes are unsecured and guaranteed by subsidiaries
Read the filing on SEC.gov ↗
Nov 3, 5:20 PM ET
Wabtec priced a $500 million offering of 5.900% Senior Notes due 2037 on November 2, 2026. The company plans to use the proceeds, together with borrowings under its revolving credit facilities, short-term facilities and/or commercial paper, to repay its 3.450% Senior Notes due November 15, 2026. The sale is expected to close on November 4, 2026.
- Offering: $500 million aggregate principal of 5.900% Senior Notes due February 25, 2037, priced November 2, 2026
- Use of proceeds: repay the 3.450% Senior Notes due 2026 at maturity on November 15, 2026, alongside other borrowings
- Expected closing: November 4, 2026, subject to customary closing conditions
- Joint book-running managers: BofA Securities, Citigroup Global Markets, PNC Capital Markets and TD Securities
Read the filing on SEC.gov ↗
Oct 21, 7:08 AM ET
Wabtec reported third quarter 2026 sales of $3.12 billion, up 8.1%, with GAAP diluted EPS of $2.42 (up 33.7%) and adjusted diluted EPS of $2.83 (up 22.0%). The company raised and tightened its 2026 adjusted EPS guidance to $10.85-$11.05, up $0.20 at the midpoint, while its 2026 revenue guidance of $12.30 billion to $12.60 billion was unchanged, so shareholders see a higher earnings outlook.
- Q3 2026 sales were $3.12 billion, up 8.1%; Freight sales rose 6.9% and Transit sales rose 11.3%
- Adjusted operating margin was 22.9%, up 1.9 points; GAAP operating margin was 20.0%
- 2026 adjusted EPS guidance raised to $10.85-$11.05; revenue guidance of $12.30 billion to $12.60 billion was continued
- In Q3 the company repurchased $305 million of its shares and generated $455 million in cash from operations
Read the filing on SEC.gov ↗
Jul 22, 6:59 AM ET
Westinghouse Air Brake Technologies (Wabtec) reported second-quarter 2026 sales of $3.18 billion, up 17.5%, with GAAP diluted EPS of $2.33, up 18.9%, and adjusted EPS of $2.76, up 21.6%. The company raised its 2026 revenue guidance to $12.30 billion to $12.60 billion and its adjusted EPS guidance to $10.60 to $10.90, which matters to shareholders because both headline measures improved and the outlook was lifted.
- Q2 2026 net sales were $3.18 billion, up 17.5% from $2.71 billion a year earlier; GAAP operating margin was 18.9%.
- 2026 revenue guidance raised to $12.30 billion to $12.60 billion; adjusted EPS guidance raised to $10.60 to $10.90.
- Cash from operations was $441 million versus $209 million a year earlier; the company repurchased $215 million of its shares during the quarter.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
