$WAB

Wabtec, also known as Westinghouse Air, reported strong operating momentum for Q1 2025 with double-digit profit growth and a record backlog, driving its stock near all-time highs. The company's business model combines long-cycle original equipment manufacturing with higher-margin aftermarket services, providing stability and exposure to both new equipment cycles and recurring demand. Wabtec's diversification across Freight and Transit segments, along with its focus on technological advancements for efficiency and sustainability, makes it an attractive yet cyclical investment for those interested in industrial and transportation infrastructure.