Description
Westinghouse Air Brake’s $31 Billion Backlog — Can Its Rail Empire Keep Growing?
Westinghouse Air Brake Technologies Corporation reported its third quarter results for 2026, showing growth across multiple financial metrics amid a dynamic market environment. The company’s consolidated sales increased by 8.1% year-over-year to $3.12 billion, supported by contributions from both freight and transit segments, as well as recent acquisitions. Adjusted earnings per share rose 22% to $2.83, while GAAP earnings per share were $2.42, a 33.7% increase. Operating margins expanded notably, with adjusted operating margin improving 1.9 percentage points to 22.9%, driven by favorable product mix, operational efficiencies from the Integration 3.0 program, and disciplined cost management. Cash flow from operations was $455 million, with a strong cash conversion ratio of 82%, maintaining a robust liquidity position exceeding $2 billion and a net debt leverage ratio of 2.1 times. Backlog remained a key highlight, with the 12-month backlog up 8.
