Westinghouse Air Brake Technologies Raises Full-Year Earnings Guidance Amid Margin Expansion and Record Backlog
Westinghouse Air Brake Technologies (WAB) reported third-quarter 2026 results characterized by significant margin expansion driven by its 'Integration 3.0' efficiency program. While quarterly revenue of $3.12 billion slightly missed consensus estimates, the company raised its full-year adjusted earnings per share guidance to a range of $10.85 to $11.05. The company's long-term outlook is bolstered by a multiyear backlog that has surged 23% to over $31 billion, providing unprecedented revenue visibility. Additionally, WAB is successfully diversifying its revenue streams through global expansion, recently securing $1 billion in locomotive and service deals across Africa and Brazil to drive recurring service income.
Tickers: $WAB
Topics: backlog growth cost reduction earnings guidance operating margins revenue miss
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