Westinghouse Air Brake Technologies Corp

Company facts

Industry

Railroad Equipment

Headquarters

Pittsburgh, Pennsylvania

Most recent report

10-Q, filed Jul 22, 2026

Incorporated

Delaware

Filings on record

1,006+ filings

On EDGAR

CIK 943452

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 3 of 12 sections worth reading, with 3 positive, 8 notable, and 3 negative flags.

• Financial Statements (Item 1)

  Core financials for the period; contains all results, notes, and key acquisitions.
  Notable

  • Revolving Receivables Program had $400M drawn at June 30, 2026 vs $0 at Dec 2025.
  • Acquired Dellner Couplers for $1.053B in Feb 2026, adding $475M goodwill to Transit.
  • Incentive stock unit performance estimates increased to 200%, 188%, 158% for cycles ending 2026-2028.
  • Progress Rail litigation settled in Feb 2026 with no liability or cash impact.

• Management's Discussion (Item 2)

  MD&A with detailed P&L, liquidity, record backlog, tariff impacts.
  Positive

  • Record multi-year backlog of $30.9B at June 30, 2026, up $3.5B in H1.
  • Net sales up 17.5% to $3.18B in Q2 2026.
  • Operating cash flow $640M in H1 2026 vs $400M, up 60%.
  Notable

  • Nonrecurrence of $32M derivatives gain reduced Q2 other income by $26M.
  • $1.062B cash used for acquisitions in H1 2026, mainly Dellner Couplers.
  • $457M of stock repurchases in H1 2026 vs $148M in H1 2025.
  Negative

  • Tariffs unfavorably impacted operating results and cash from operations for H1 2026.
  • Interest expense up 73.9% to $80M in Q2 2026, driven by acquisition debt.
  • Freight segment organic services sales declined $38M in Q2 and $192M in H1.

• Other Information (Item 5)

  CEO adopted a 10b5-1 plan; first insider plan this quarter.
  Notable

  • CEO's first 10b5-1 plan; up to 13,053 shares to be sold over six months starting Sept 2026.

What changed: Jun 2026 vs. Mar 2026

About 13% of WAB's Jun 2026 10-Q is new information. 38 paragraphs were added, 118 changed, and 19 removed. Below are the most important lines SECSift identified.

• Item 1 56
• Item 2 56
• Item 5 2
• Item 4 2