Wabtec said net sales for the 3 months ended June 30, 2025 were $2.71 billion, an increase of $62 million, or 2.3%, compared to the same period in the prior year. The company cited $27 million from acquisitions and $11 million from favorable changes in foreign exchange.

1. 01

   Wabtec said net sales for the 3 months ended June 30, 2025 were $2.71 billion, an increase of $62 million, or 2.3%, compared to the same period in the prior year. The company cited $27 million from acquisitions and $11 million from favorable changes in foreign exchange.

2. 02

   The company said cost of sales for the 3 months ended June 30, 2025 was 65.3% of net sales compared to 67.0% in the same period of the prior year. It cited mix within the Freight Segment, productivity and cost management, Integration 2.0 and 3.0 savings, and Portfolio Optimization as factors in the improvement in gross margin.

3. 03

   Wabtec completed the acquisition of Evident's Inspection Technologies division on July 1, 2025 for approximately $1.78 billion. The company said the acquisition was funded with cash, proceeds from the issuance of 2035 Senior Notes, and borrowings under other available liquidity facilities.

4. 04

   Wabtec said cash provided by operating activities for the 6 months ended in the first half of 2025 was $400 million, compared to $569 million in the same period of 2024. The company cited increased net income of $98 million, changes in receivables of $(97) million, and changes in inventory of $(60) million as significant changes to sources and uses of cash.

Key figures

Quarter ended June 30, 2025

Revenue

$2.7B

Operating income

$472M

Net income

$336M

EPS

$1.96

Gross profit

$938M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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