Industrial Machinery / Railroad Equipment

Westinghouse Air Brake Technologies Corporation

$193.18 (as of Sep 8, 2025)

WAB

Company Overview

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. The company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania. Operating under the ticker symbol WAB on the New York Stock Exchange, the company has established itself as a global leader in rail technology solutions.

Wabtec Corporation provides technology products and services for the rail industry on a worldwide basis. The Company manufactures a range of products for locomotives, freight cars, and passenger transit vehicles.

The company operates through two primary business segments:

Freight Segment

Its Freight segment manufactures and services components for new and existing freight cars and locomotives. This division focuses on providing comprehensive solutions for freight rail operations, including locomotive manufacturing, aftermarket services, and digital solutions.

Transit Segment

The Transit segment manufactures and services components for new and existing passenger transit vehicles (regional trains, high-speed trains, subway cars, light-rail vehicles, and buses).

Product Portfolio

Westinghouse Air Brake Technologies offers an extensive range of products and services:

Locomotive Solutions:

- It offers diesel-electric and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.

Advanced Railway Systems:

- The company also offers positive train control equipment; electronically controlled pneumatic braking products; railway electronics; signal design and engineering services; distributed locomotive power, train cruise controls, and train remote controls; industrial/mobile Internet of Things hardware and software, edge-to-cloud, on and off-board analytics and rules, and asset performance management solutions; rail and shipper transportation management, and port visibility and optimization solutions; and network optimization solutions.

Transit Equipment:

- It provides railway and freight braking equipment and related components; brake shoes, discs, and pads; HVAC equipment; access and platform screen doors; pantographs; auxiliary power converters and battery chargers; passenger information systems and closed-circuit television; signaling and railway electric relays; and doors, window assemblies, accessibility lifts, ramps, and electric charging solutions for buses.

Financial Performance

Market Capitalization

Westinghouse Air Brake Technologies's market cap is $33.02B, as of Sep 8, 2025. Westinghouse Air Brake Technologies's market cap is calculated by multiplying WAB's current stock price of $193.18 by WAB's total outstanding shares of 170,953,177.

Recent Financial Highlights

Annual Revenue (2024): In 2024, WAB's revenue was $10.39 billion, an increase of 7.34% compared to the previous year's $9.68 billion.

Annual Earnings (2024): Earnings were $1.05 billion, an increase of 29.52%.

Quarterly Performance

Q2 2025 Results: - Wabtec Corporation (NYSE: WAB) reported second quarter 2025 GAAP earnings per diluted share of $1.96, up 19.5% versus the second quarter of 2024. - Sales for the second quarter reached $2.7 billion, marking a 2% increase. - Adjusted earnings per share (EPS) saw a significant rise of 16% compared to the same quarter last year.

Q1 2025 Results: - Wabtec Corporation (NYSE: WAB) reported first quarter 2025 GAAP earnings per diluted share of $1.88, up 22.9% versus the first quarter of 2024.

Backlog and Future Visibility

Wabtec's 12-month backlog increased to $8.2 billion, up 11.9%, showcasing strong momentum and visibility into future performance.

Strategic Growth Initiatives

Acquisitions and Expansion

In terms of acquisitions, Wabtec committed $3.5 billion to acquire three high-quality businesses, expected to deliver accretive growth and margins. The acquisitions are projected to generate first-year annualized revenues of $850 million, with an expected EBITDA of $217 million at a margin of 25.5%.

Technology Focus

Key projects include the development of environmentally-friendly technologies like battery-powered electric and hybrid locomotives, and implementing digitally-enabled solutions to modernize the existing rail infrastructure. Through strategic acquisitions and a focus on sustainable offerings, Wabtec continues to expand its global footprint and technological capabilities in the rail industry.

2025 Outlook

Looking ahead, Wabtec increased its full-year 2025 guidance, anticipating sales of approximately $11.1 billion, demonstrating the company's confidence in its growth trajectory and market position.

Dividend Information

Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 25 cents per share, payable on August 28, 2025, reflecting the company's commitment to returning value to shareholders.

Stock Performance

Wabtec shares have added about 49.5% since the beginning of the year versus the S&P 500's gain of 22.7%. Westinghouse Air Brake Technologies's 52-week high was $216.10, and its 52-week low was $151.81. It is currently -10.61% from its 52-week high and 27.25% from its 52-week low.

Westinghouse Air Brake Technologies Corporation stands as a cornerstone in the global rail industry, combining over 150 years of experience with cutting-edge technology to drive the future of freight and passenger rail transportation. The company's strong financial performance, strategic acquisitions, and focus on innovative solutions position it well for continued growth in the evolving transportation sector.