Wabtec Posts $3.12B in Third-Quarter Sales
WAB sits 52% above its 52-week low of $186.06.
Summary
Wabtec reported third-quarter sales of $3.12 billion, up 8.1%, with net income of $409 million and EPS of $2.42. Adjusted EPS came in at USD 2.83 versus an IBES estimate of USD 2.74, adjusted operating margin rose 1.9 pts to 22.9%, and total backlog grew 22.9% to $31.4 billion. The company raised and tightened its 2026 adjusted EPS guidance to a range of $10.85 to $11.05. Context: the company entered the quarter with momentum from a services agreement worth more than $700 million signed with La Compagnie du TransGuinéen in late September, and it set up a $2 billion commercial paper program on October 1.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Wabtec's Q3 adjusted operating margin rose 1.9 pts to 22.9% on sales up 8.1%, and total backlog grew 22.9% to $31.4 billion.
At the time of this announcement, WAB was trading at $283.43 on NYSE in the Manufacturing sector, with a market capitalization of approximately $47.9B. The 52-week trading range was $186.06 to $306.64. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.