Form 10-Q · Quarterly report
Wabtec 10-Q, filed Oct 21, 2026
- Filed
- CIK
- 0000943452
- Accession no.
- 0001628280-26-066629
Summary
Wabtec reported third-quarter 2026 net sales of $3.12 billion, up 8.1% year over year, and net income attributable to Wabtec shareholders of $409 million versus $310 million a year earlier, with multi-year backlog rising $4.0 billion in the first nine months of 2026 to a record $31.4 billion. The company closed its approximately $1.053 billion acquisition of Dellner Couplers on February 10, 2026, and said higher tariff costs unfavorably affected operating results and cash from operations in the period.
Key points
- Third-quarter net sales rose to $3.12 billion from $2.89 billion a year earlier, with organic sales up 4.7% and acquisitions adding 4.0%.
- Gross margin improved to 62.7% of net sales from 65.3% cost of sales ratio a year earlier, helped by productivity, favorable mix, and integration savings, partly offset by higher commodity costs and net tariffs.
- Restructuring costs were $10 million in the first nine months of 2026 versus $21 million a year earlier, and acquisition transaction costs were $14 million versus $44 million.
- Freight segment income from operations rose 24.4% to $515 million, and Transit segment sales grew to $883 million from $793 million.
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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