Westinghouse Air Brake Technologies Corp

Strong First Quarter Results: Westinghouse Air Brake Technologies Corporation (WABT) reported Q1 2025 sales of $2.61 billion, a 4.5% increase year-over-year. Adjusted earnings per share (EPS) rose by 20.6% to $2.28, reflecting solid operational performance and effective cost management amid economic uncertainties.

Backlog and Market Opportunities: The twelve-month backlog grew to $8.2 billion, up 6% from the previous year, demonstrating strong momentum and visibility across the business. International markets, particularly in Africa, Asia, and CIS, are experiencing robust activity, driving demand for new locomotives and digital technologies.

Cautious North American Outlook: The company expressed caution regarding the North American market, particularly due to ongoing tariff activities that could affect customer investment behaviors. While international opportunities thrive, North American customers face hesitation in fleet upgrades and modernization.