Wabtec Q1 sales up 13% to $2.95 billion; raises 2026 adjusted EPS guidance
Westinghouse Air Brake Technologies (Wabtec) reported first quarter 2026 net sales of $2.95 billion, up 13.0% from a year earlier, and GAAP earnings of $2.12 per diluted share, up 12.8%. The company raised its 2026 adjusted EPS guidance to $10.25 to $10.65, a $0.20 increase at the midpoint, while GAAP operating margin fell to 17.5% from 18.2%.
Key points
- Q1 2026 net sales were $2.95 billion, up 13.0% from $2.61 billion, helped by the Inspection Technologies, Frauscher and Dellner acquisitions
- GAAP diluted EPS was $2.12, up 12.8%; adjusted diluted EPS was $2.71, up 18.9%
- 2026 adjusted EPS guidance was raised to $10.25 to $10.65, a $0.20 increase at the midpoint; revenue guidance of $12.19 billion to $12.49 billion was unchanged
- GAAP operating margin was 17.5%, down from 18.2%, reflecting an exited low-margin Digital project, restructuring costs and acquisition-related charges
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2026.
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.