Westinghouse Air Brake Technologies Corporation (Wabtec) reported financial results for the third quarter of 2026, highlighting strong sales growth and margin expansion across its Freight and Transit segments. The company reported GAAP diluted earnings per share of $2.42 for the quarter, a 33.7% increase compared to the same period in 2025. Adjusted diluted earnings per share were reported at $2.83, representing a 22.0% year-over-year increase.
For the third quarter, Wabtec recorded net sales of $3.12 billion, an 8.1% increase from the prior year. The company reported GAAP operating margin of 20.0% and adjusted operating margin of 22.9%, both of which expanded compared to the prior year. Cash flow from operations for the quarter was $455 million, and the company repurchased $305 million of its common stock during the period.
Segment performance was robust, with Freight segment sales increasing 6.9% to $2.237 billion and Transit segment sales rising 11.3% to $883 million. The Freight segment benefited from growth in Services, Digital, and Components sales, while the Transit segment saw increases driven by acquisitions and aftermarket sales. At the end of the quarter, the company’s total backlog stood at $31.435 billion, a 22.9% increase year-over-year.
In terms of financial guidance for the full year 2026, Wabtec raised and tightened its adjusted earnings per share outlook to a range of $10.85 to $11.05. The company also maintained revenue guidance for 2026 between $12.30 billion and $12.60 billion.
