Santana Rafael sold $693K of WAB

Wabtec provides locomotives, equipment, systems, and services for the freight rail and passenger transit industries, including locomotives powered by different fuels, engines, electric motors, propulsion systems, marine products, and mining products to customers around the world.

Wabtec Corp. said it will sell locomotive after-market products and services to GE Transportation Systems for $240 million in cash. The deal, expected to close in late September subject to approvals, is projected to be modestly accretive to 2002 earnings and uses net proceeds of more than $200 million to cut debt to under $250 million.

Wabtec Corp. said it agreed to sell locomotive after-market products and services to GE Transportation Systems for $240 million cash. The deal should close in late September, pending approvals, and is expected to be modestly accretive to 2002 earnings. Wabtec plans to use net proceeds of over $200 million to cut debt below $250 million.

Wabtec (NYSE:WAB) reported Q2 results with Freight sales up 16.9% and Transit sales up 18.9%. GAAP operating income rose 27.1% to $600 million, and GAAP operating margin increased to 18.9%. Wabtec raised 2026 guidance to about $12.5B revenue (midpoint) and adjusted EPS $10.60-$10.90, citing margin drivers and international demand.

Westinghouse Air Brake Technologies (Wabtec) reported Q2 2026 performance that exceeded expectations despite tariff headwinds, citing international demand and shipment timing. The company said multi-year backlog hit a record $30 billion and raised 2026 revenue guidance to $12.5 billion. Management expects margin expansion mainly in 2H 2026 and noted risks from tariffs, costs, and chip shortages.

Wabtec (NYSE:WAB) reported adjusted EPS of $2.76, above the $2.60 estimate, and sales of $3.179B versus $3.075B. The company lifted FY2026 adjusted EPS guidance to $10.60-$10.90 and FY2026 sales to $12.300B-$12.600B. Analysts raised price targets after the Q2 results; WAB shares rose 0.7% to $292.13.