WAB

In Q1 2026, reported on April 22, 2026, Wabtec's GAAP earnings per diluted share increased by 12.8% and adjusted earnings per diluted share rose by 18.9%, with sales up 13.0% to $2.95 billion, driven by growth in both Freight and Transit segments and contributions from acquisitions. Q2 2026, reported on July 22, 2026, showed strong performance with GAAP earnings per diluted share up 18.9% and adjusted earnings per diluted share up 21.6%, and sales increased by 17.5% to $3.18 billion, exceeding estimates. This led Wabtec to raise its full-year guidance, causing shares to surge. Significant deals included the acquisition of Dellner Couplers for approximately $1.053 billion in February 2026, a $1.2 billion deal with Union Pacific to upgrade locomotives, a more than $700 million long-term services agreement with La Compagnie du TransGuinéen in September 2026, and a $254 million agreement with MRS Logística in September 2026. Norfolk Southern and Wabtec also expanded their locomotive modernization program in August 2026. CEO Rafael Santana sold 2,183 shares for $612,000 in September 2026.