Wabtec Corporation Reports Strong Q3 Earnings Amid Growing Backlog
Wabtec Corporation delivered a robust third-quarter performance, with adjusted earnings per share surging 16% to $2.32. Revenue climbed 8.4% year-over-year to $2.89 billion, fueled by strength in both Freight and Transit segments. The company's $25.6 billion backlog underscores sustained demand and revenue visibility.
Freight segment growth was particularly notable, driven by booming equipment and digital sales. Meanwhile, the Transit unit posted an 8% revenue increase alongside sharp margin expansion. Operating margins improved across both GAAP and adjusted metrics, with the latter rising 1.3 percentage points to 21.0%.
Despite a 2.08% decline in share price to $193.89, Wabtec raised its 2025 adjusted EPS guidance to $8.85–$9.05, reflecting 18.4% growth at the midpoint. The company maintains solid liquidity of $2.75 billion, ending the quarter with $528 million in cash against $5.29 billion in total debt.
