Wabtec said Q3 2025 net sales were $2,886 million, up 8.4% from $2,663 million a year earlier. GAAP diluted earnings per share were $1.81, and adjusted diluted earnings per share were $2.32.

1. 01

   Wabtec said Q3 2025 net sales were $2,886 million, up 8.4% from $2,663 million a year earlier. GAAP diluted earnings per share were $1.81, and adjusted diluted earnings per share were $2.32.

2. 02

   The company said its GAAP operating margin was 17.0% and its adjusted operating margin was 21.0% for Q3. Freight segment net sales were $2,093 million, up 8.4%, and Transit segment net sales were $793 million, up 8.2%.

3. 03

   Wabtec said its total backlog was $25,577 million as of September 30, 2025, and its 12-month backlog was $8,267 million. It said operating cash flow for Q3 was $367 million, compared with $542 million a year earlier, and cited higher tariffs and higher working capital as partial factors.

4. 04

   The company said it raised and narrowed its 2025 full-year adjusted earnings per share guidance range to $8.85 to $9.05, up $0.10 at the midpoint. It said it expects full-year revenue of $10.925 billion to $11.225 billion and operating cash flow conversion of greater than 90%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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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