Westinghouse Air Brake TechnoloNYSE: WAB
Industrials · Construction Machinery & Heavy Transportation Equipment
$265.35
-1.68%
Vol: 426K
Research Digest
Friday, May 1, 2026
Wabtec reported Q1 2026 adjusted EPS of $2.71, up 18.9% YoY, and raised full-year guidance to $10.25-$10.65; major rail contracts won.
Wabtec reported strong Q1 2026 results with adjusted EPS of $2.71, up 18.9% YoY, and revenue of $2.95 billion, up 13% YoY. The company raised its full-year adjusted EPS guidance to $10.25-$10.65. Major contract wins include a $670 million CSX deal for 100 new and 50 modernized locomotives and a landmark $1.2 billion Union Pacific modernization agreement. Wabtec also secured a $386 million MTA follow-on order. The Board increased the quarterly dividend by 24% to $0.31 per share. BofA raised price target to $291.
Previous Market Intelligence
13 daysApr 30Wabtec reports strong Q1 2026 with revenue up 13% to $2.95B and adjusted EPS up 18.9%, raises full-year guidance to $10.25-$10.65.Positive▶
Wabtec reported a strong Q1 2026 with revenue increasing 13% to $2.95 billion and adjusted EPS rising 18.9% to $2.71. The company raised its full-year 2026 adjusted EPS guidance to $10.25-$10.65. Recent major contracts include a $670 million deal with CSX for 100 new Evolution Series locomotives and 50 modernized locomotives, and a landmark $1.2 billion agreement with Union Pacific for AC4400 locomotive modernization, the largest in rail industry history. Wabtec completed its acquisition of Dellner Couplers. The Board increased the quarterly dividend 24% to 31 cents per share and expanded the share repurchase authorization to $1.2 billion. KeyBanc gave a Buy rating; BofA raised the target to $291 from $285 while JPMorgan lowered it to $280 from $290. Stock traded $261.22-$267.75 on April 29.
Apr 29Wabtec raises FY2026 EPS guidance to $10.25-10.65 (+16.5%); secures $1.87B in major rail contractsPositive▶
Wabtec reported Q1 2026 GAAP EPS of $2.12 (+12.8% YoY) and adjusted EPS of $2.71 (+18.9%) on revenue up 13% to $2.95 billion. Company raised full-year adjusted EPS guidance to $10.25-10.65 (up $0.20 midpoint, +16.5%) and maintained revenue guidance of $12.19-12.49 billion (+10.5%). CSX signed $670M deal for 100 new and 50 modernized Evolution Series locomotives. Union Pacific and Wabtec signed landmark $1.2B agreement for largest locomotive modernization investment in rail industry. Wabtec increased quarterly dividend 24% to $0.31/share. Completed acquisitions of Dellner Couplers and Frauscher Sensor Technology.
Apr 16Wabtec reports Q1 2026 earnings April 22 with strong backlog growth and record capital returns; JPMorgan cuts PT to $280.Positive▶
Wabtec delivered strong Q4 2025 results with a record $27.41B backlog (+23.1% YoY) and raised full-year 2026 EPS guidance to $10.05-$10.45 (midpoint +14% growth). The board increased the quarterly dividend 24% to $0.31 and authorized a $1.2B buyback. Major new orders include Union Pacific's $1.2B locomotive modernization and CSX's $670M fleet upgrade. Q1 2026 earnings release scheduled for April 22 before market open.
Apr 15Wabtec to report Q1 2026 earnings on April 22; JPMorgan cuts price target to $280 while Citi raises to $292.Neutral▶
Wabtec will report Q1 2026 earnings on April 22, 2026, before market open. JPMorgan lowered price target to $280 from $290 on April 10, while Citi raised it to $292 from $283 on April 9. Stock is up 15.5% year to date.
Apr 14JPMorgan lowered WAB price target to $280 on April 10; Q1 earnings scheduled for April 22.Mixed▶
Wabtec reported analyst activity in mid-April with JPMorgan lowering its price target to $280 from $290 on April 10, while Citi raised its target to $292 from $283 on April 9, and Wolfe Research raised its target to $295 from $294 on April 7. The company will report Q1 2026 results before market open on April 22, 2026.
Apr 13Wabtec announced Q1 2026 earnings release for April 22 with record $27B backlog and confident 2026 guidance targeting double-digit EPS growth.Positive▶
Wabtec reported record multi-year backlog of $27B (+23% YoY) and full-year 2025 EPS of $6.83 (+13.1%). Q1 2026 results scheduled for April 22. Guidance targets 2026 sales of $12.19-12.49B with EPS potentially exceeding $10.00 for the first time. Major contracts include $1.2B Union Pacific locomotive modernization and $670M CSX Evolution Series deal. Completed Dellner Couplers acquisition.
Apr 10Wabtec maintains strong momentum with 25% dividend increase and Q1 earnings scheduled for April 22; stock up 39.4% over last year.Positive▶
Wabtec Corporation continues showing strength with a 25% dividend increase and a $1.2 billion share buyback program. Earnings expected to rise 14.9% in 2026 and another 12.2% in 2027. Shares are up 39.4% over the last year and 20% year-to-date. Q1 2026 earnings are due April 22. Analyst consensus is Buy with average price target of $272.09.
Apr 9Westinghouse Air Brake Technologies surges 5.57% with landmark railroad modernization deals totaling $5.87 billionPositive▶
Wabtec stock rallied 5.57% to $269.66 on April 8, capitalizing on major contract announcements totaling billions in locomotive modernization. Union Pacific signed $1.2 billion landmark deal to modernize AC4400 locomotives; CSX signed $670 million deal for 100 new Evolution Series and 50 modernized locomotives; Kazakhstan's KTZ awarded $4.2 billion contract for 300 locomotives. Company acquired Dellner Couplers (February 11) and Frauscher Sensor Technology Group, advancing technological capabilities. Q1 2026 earnings release scheduled April 22. Adjusted EPS grew 18.7% year-over-year in 2025. $27 billion backlog supports growth. 11 analysts maintain Buy with $272.09 average target, 1.27% upside from current levels.
Apr 8Wabtec secures $1.2B Union Pacific locomotive modernization deal; Q1 2026 earnings April 22Positive▶
Wabtec Corporation signed landmark $1.2B agreement with Union Pacific to modernize AC4400 locomotives, representing largest locomotive modernization investment in rail industry history. National railway KTZ awarded $4.2B contract for 300 TE33AT Evolution Series freight locomotives. New York MTA exercised $386M option for 45 additional R255 battery-diesel hybrid locomotives. Company reported Q4 2025 with record $27.41B backlog (+23.1% YoY) and full-year adjusted EPS of $8.97 (+18.7%). Wabtec completed Dellner Couplers acquisition and settled Progress Rail litigation.
Apr 7Wabtec wins $386M MTA follow-on order for R255 hybrid locomotives; Q1 earnings April 22.Positive▶
Wabtec secured $386M MTA follow-on order for R255 hybrid locomotives, deliveries from 2027. Completed Dellner Couplers acquisition. Upgraded to Buy at Rothschild & Co Redburn March 26. 11 analysts target $272.09 (+7.25%). Q1 earnings April 22.
Apr 6Wabtec completes Dellner Couplers acquisition, Q1 earnings set for April 22Positive▶
Wabtec Corporation completed the acquisition of Dellner Couplers, a Sweden-based leader in train connection systems, advancing its passenger rail portfolio. The company will report Q1 2026 results on April 22 before market open. Stock gained 2.45% on April 1 with analyst consensus "Buy" and target of $272.09, representing 7.25% upside. FY2026 adjusted EPS guidance of $10.05-$10.45 suggests 14% growth.
Apr 3Wabtec announces strong 2025 results with $12.2B-$12.5B 2026 revenue guidance and confirms Q1 earnings for April 22.Positive▶
Wabtec reported full-year 2025 sales of $11.17B with adjusted EPS of $8.97, alongside 2026 guidance of $12.19-12.49B revenue and adjusted EPS of $10.05-10.45 (14% growth). Record $27.41B backlog (+23% YoY). Completed the Dellner Couplers acquisition. Dividend increased by 24% and share buyback authorization raised to $1.2B. Q1 2026 earnings April 22.
Apr 2Wabtec stock down 2.41% overnight as company prepares Q1 2026 earnings report due April 22, following Dellner Couplers acquisition and CSX locomotive deal.Neutral▶
Wabtec shares fell 2.41% to $238.83 in the last 24 hours as of April 2, 2026. The company will report Q1 2026 earnings before market open on April 22 with a conference call at 8:30 a.m. ET. Recent major developments include completion of the Dellner Couplers acquisition (Sweden-based train connection systems leader) and a $670 million CSX deal for 100 new and 50 modernized Evolution Series locomotives. Year-to-date WAB is up 15.5%.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| CATCATERPILLAR | $890.93 | +0.09% | +23.4% | 31.8x | 1.52 | $414.2B |
| CMICUMMINS | $658.12 | -1.92% | +21.6% | 21.3x | 1.14 | $92.8B |
| PCARPACCAR | $116.10 | -2.27% | +0.4% | 17.6x | 1.06 | $62.5B |
| WABWABTEC | $265.35 | -1.68% | +6.2% | 22.3x | 0.99 | $45.8B |
| GEGENERAL | $287.56 | -0.82% | +0.4% | 33.4x | 1.43 | $302.9B |
| GEVGE | $1,064.74 | -1.73% | +20.7% | 44.2x | 1.20 | $291.1B |
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