Westinghouse Air Brake Technologies Corporation (WAB) SEC Filings & Earnings Calls

Tariff cost pressure

“The Company has experienced increased tariff costs which have unfavorably impacted our operating results and cash from operations for the nine months ended September 30, 2026.” · word for word

Macroeconomic volatility

“Future macroeconomic volatility, changes to tariffs and trade policies, impacts from regional conflicts and war, supply chain disruptions, and labor availability, amongst other things, could cause a negative impact on revenue and cost increases resulting in an adverse effect on the Company’s operating results.” · word for word

Integration risk from acquisitions

“The measurement period remains open for the Dellner Couplers and Frauscher acquisitions, and the Company has not finalized the respective purchase accounting.” · word for word

Locomotive deliveries declined partially offset by mining sales growth.

“Equipment sales were up 0.3% due to increased mining sales, which were partially offset by lower locomotive deliveries.” · word for word

Unfavorable foreign currency exchange impacted Transit segment sales.

“Transit segment sales were up 11.3% driven by acquisition and higher OE and aftermarket sales which was partially offset by unfavorable foreign currency exchange.”

Short-term debt exposure may increase refinancing risk if commercial paper market conditions deteriorate.

“Notes have maturities of up to 397 days; no Notes issued as of filing date.”

Integration risk from recent acquisitions (Inspection Technologies, Frauscher, Dellner) could impact margins if not executed smoothly.

“includes the acquisitions of Inspection Technologies, Frauscher Sensor Technologies, and Dellner Couplers” · word for word

Services sales decline of 4.2% due to lower modernization deliveries may indicate cyclical softness in aftermarket.

“Services sales were down 4.2% due to lower modernization deliveries, as expected” · word for word

Tariff cost pressure

“The Company has experienced increased tariff costs which unfavorably impacted our operating results and cash from operations for the six months ended June 30, 2026.” · word for word

Interest expense increase from acquisition debt

“Interest expense, net, increased $34 million to $80 million for the three months ended June 30, 2026 compared to the same period in 2025, due to higher average overall debt balances in the current period, primarily related to acquisitions.” · word for word

Tariff cost impact

“The Company has experienced increased tariff costs which unfavorably impacted our operating results and cash from operations for the three months ended March 31, 2026.” · word for word

Macroeconomic volatility

“Future macroeconomic volatility, changes to tariffs and trade policies, impacts from regional conflicts and war, supply chain disruptions, and labor availability, amongst other things, could cause a negative impact on revenue and cost increases resulting in an adverse effect on the Company’s operating results.” · word for word

Cybersecurity and Data Privacy Risk

“The top risk categories identified for 2025 included: (i) cybersecurity and data privacy” · word for word

Competition and Market Risk

“The top risk categories identified for 2025 included: (ii) competition and market” · word for word

Geopolitical Instability Risk

“The top risk categories identified for 2025 included: (iii) geopolitical landscape instability” · word for word

Labor and Talent Management Risk

“The top risk categories identified for 2025 included: (iv) labor and talent management” · word for word

Product Safety, Quality, and Reliability Risk

“The top risk categories identified for 2025 included: (v) product safety, quality, and reliability.” · word for word

Tariff cost pressure on cash flow

“The Company has experienced increased tariff costs which unfavorably impacted our cash from operations for the year ended December 31, 2025.” · word for word

Geopolitical risk in Kazakhstan

“Wabtec has operations in Kazakhstan that have continued operating but have incurred supply, distribution and currency impacts as an indirect result from the Russian invasion of Ukraine.” · word for word

Customer concentration

“We rely on several key customers who represent a significant portion of our business.” · word for word

Raw material inflation

“The costs of these raw materials have been volatile historically and are influenced by factors that are outside our control, including inflationary pressure.” · word for word

Transit segment margin contraction

“Transit adj. operating margin 14.0% (-2.4pts) due to manufacturing inefficiencies.”

GAAP EPS decline due to restructuring costs

“GAAP EPS $1.18 (-4.1%) impacted by restructuring and transaction costs.”