Form 10-Q · Quarterly report
Wabtec 10-Q, filed Jul 22, 2026
- Filed
- CIK
- 0000943452
- Accession no.
- 0001628280-26-049139
Summary
Wabtec reported second-quarter 2026 net sales of $3.18 billion, up 17.5% from a year earlier, and net income attributable to shareholders of $395 million, with multi-year backlog rising $3.5 billion to a record $30.9 billion at June 30, 2026. The company said its acquisition of Dellner Couplers closed on February 10, 2026 for approximately $1.053 billion, and that while tariff costs have hurt results it does not expect a material impact on 2026 operations due to mitigation efforts.
Key points
- Second-quarter 2026 total net sales rose 17.5% to $3.18 billion, with organic sales up 8.5% and acquisitions adding 8.6%.
- Gross margin improved to 36.5% of net sales from 34.7%, which Wabtec attributed to productivity, restructuring savings and acquisition accretion, partly offset by tariff-driven inflation.
- Freight segment net sales rose 16.9% to $2.24 billion and Transit segment net sales rose 18.9% to $936 million.
- Wabtec incurred $5 million of restructuring costs in the first six months of 2026 under its Integration 3.0, Portfolio Optimization and Integration 2.0 initiatives, down from $15 million a year earlier.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. MANAGEMENT’S DISCUSSION OVERVIEW Wabtec is a global provider of value-added, technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries, as well as the mining, marine and industrial markets and applications. Our highly engineered rail and transit products, which are designed to enhance safety, improve productivity and reduce maintenance costs for customers, can be found on most locomotives, freight cars, passenger transit cars and buses around the world. Our core products and services are essential in the safe and efficient operation of freight rail and passenger transit vehicles. …
An excerpt of the text as filed with the SEC, cut for length.
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