Wabtec Q2 FY26: sales up 17.5%, adjusted EPS beat, guidance raised
Wabtec's second quarter beat on the bottom line with a raised full-year outlook: adjusted EPS of $2.76 topped the $2.63 consensus, sales rose 17.5% to $3.18 billion, and cash conversion jumped to 82% from 46%. One caveat matters when reading this: acquisitions supplied $232 million of the $473 million sales increase, and a receivables figure in the data does not match the filed balance sheet.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $2.33, up 18.9%, while adjusted EPS of $2.76 rose 21.6%. The $0.43 difference is mostly the $0.41 per share of non-cash amortization that adjusted results add back. Adjusted EPS also came in above the $2.63 consensus estimate.
Sales of $3.18 billion rose 17.5% from $2.71 billion a year ago, with Freight up 16.9% and Transit up 18.9%. Acquisitions added $232 million and organic growth added $229 million, so roughly half the gain came from buying businesses rather than selling more. Foreign exchange added another $24 million.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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