WAB

AI Research

Wabtec Backlog Hits Record $27.4B +23% → 2026 EPS Guided $10.05-10.45, Dividend +24%

Wabtec reported a record backlog of $27.4 billion, up 23% year-over-year, driven by locomotive modernization and international freight rail contracts, with 2026 EPS guidance of $10.05-10.45 and a 24% dividend increase signaling management confidence in cash flow durability. Analyst consensus holds a Buy rating with an average price target of $282.25, reflecting the company's dominant position in global freight rail technology. Risks include potential capital spending deferrals by Class I railroads, project execution risk on large international contracts, and supply chain constraints for locomotive components.