Wabtec 3Q Net Up Sharply on Strong Freight Demand; Narrows Adjusted EPS View

Dow Jones
2025/10/22
 

By Rob Curran

 

Westinghouse Air Brake Technologies' said third-quarter net income rose 9.5% on stronger freight-train equipment sales, and raised the lower end of its 2025 adjusted earnings projection.

The Pittsburgh-based locomotive maker, also known as Wabtec, posted earnings of $310 million, or $1.81 a share, up from $283 million, or $1.63 a share, a year earlier.

Stripping out certain one-time items, Wabtec logged adjusted earnings of $2.32 a share, surpassing the average target of $2.28 a share from analysts polled by FactSet.

Sales rose 8.4% to $2.89 billion, edging the mean analyst estimate of $2.88 billion. The acquisition of an inspection firm bolstered sales growth in the freight unit.

Freight equipment sales rose 32% while sales of services slumped 12% due to quirks of timing on modernization services, the company said.

Wabtec narrowed its projection for 2025 adjusted earnings to a range between $8.85 a share and $9.05 a share from the July estimate of a range between $8.55 and $9.15 a share. The maker of trains and locomotive components reiterated prior projection for 2025 revenue of $10.925 billion to $11.225 billion.

President and Chief Executive Rafael Santana expressed confidence in the growth outlook, "even in a dynamic and uncertain economic environment."

Freight volumes have been volatile in recent months due to trade tensions and stockpiling ahead of tariffs.

 

Write to Rob Curran at rob.curran@wsj.com

 

(END) Dow Jones Newswires

October 22, 2025 06:59 ET (10:59 GMT)

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