Launch Catch-Up — Results Released October 21, 2026
Wabtec raised its annual adjusted earnings forecast after reporting third-quarter sales of $3.12 billion, up 8.1% from a year earlier.
Reported diluted earnings increased 33.7% to $2.42 per share. Adjusted earnings, which exclude specified items, rose 22% to $2.83. Operating cash flow reached $455 million, compared with $367 million a year earlier, the rail-equipment company said October 21.
Freight revenue increased 6.9%, supported by services, modernization deliveries and digital sales. Transit revenue grew 11.3%, with contributions from the Dellner Couplers acquisition and higher original-equipment and aftermarket sales.
The reported operating margin reached 20%, while the adjusted margin was 22.9%. Wabtec attributed earnings growth to higher sales, improved margins and non-operating benefits, mainly currency movements.
Management raised and narrowed its 2026 adjusted earnings range to $10.85–$11.05 per share. Its $12.30 billion–$12.60 billion revenue forecast remained unchanged. These projections depend on future demand, costs and other operating conditions.
Sources: Wabtec, October 21 results: https://www.wabteccorp.com/newsroom/press-releases/wabtec-reports-strong-third-quarter-2026-results