Westinghouse Air Brake Technologies Corporation (WAB)

In the past six months, WAB's stock has trended upwards by 15.27%. On July 24, 2025, the shares declined by 6.4% despite better-than-expected adjusted EPS due to revenue missing estimates and a decrease in Freight segment sales. In October 2024, Wabtec raised its full-year profit forecast, citing strong demand for its freight and transit products, particularly in international markets.

Wabtec's business is generally not seasonal. Demand is primarily driven by railroad utilization for shipment and government spending on infrastructure for passenger transit. International demand has shown consistent improvement, and there is pent-up demand in North America. The company's comprehensive product and service offerings help balance the cyclical nature of the global rail business.

Westinghouse Air Brake Technologies Corp. (WAB), now known as Wabtec Corporation, is a global provider of technology-based equipment, systems, and services for the transportation sector. The company operates in the Heavy Machinery & Vehicles sector, specifically within the rail industry, and has two primary financial reporting segments: Freight and Transit. Wabtec's major products include equipment like locomotives and propulsion systems, electronics such as PTC equipment and braking products, transit products like HVAC systems and doors, brake components, and digital solutions including IoT hardware and software. The company also provides services such as locomotive overhauls, maintenance, and long-term parts arrangements.

Wabtec has a significant global presence, operating in over 50 countries with approximately 27,000 employees. Its net sales are distributed across the United States (47.4%), North America (8.6%), Asia and the Middle East (20.3%), Europe (17.5%), South America (4.3%), and Africa (1.9%). The company's operations span the Americas, Europe, Asia Pacific, and Africa.

Wabtec maintains a strong brand reputation, built on over 150 years of innovation in the rail industry. The company has been recognized for its commitment to sustainability and innovation, particularly with its FLXdrive battery-electric locomotive and Green Friction technology. Wabtec also received a score of 100 on the Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index and partnered with the Pittsburgh Steelers in September 2025.

Wabtec has a high level of institutional ownership, with 1972 institutional owners and shareholders holding 183,396,311 shares, accounting for approximately 92.32% of the total shares outstanding. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., Fmr Llc, State Street Corp, Price T Rowe Associates Inc /md/, Massachusetts Financial Services Co /ma/, Invesco Ltd., and Geode Capital Management, Llc. Company insiders own 1.10% of the stock.