The company reported adjusted earnings of $2.76 per share, comfortably beating the $2.61 forecast from analysts polled by FactSet. Net income reached $395 million, climbing from $336 million a year ago, while total revenue grew nearly 18% to hit $3.18 billion. This performance exceeded the $3.07 billion revenue consensus, signaling strong demand across the company's digital and equipment sectors.
In section Market Quotes
Wabtec Shares Surge Following Strong Second-Quarter Performance
Investors pushed Wabtec shares up 11% to $293.13 after the industrial technology firm delivered second-quarter results that outpaced Wall Street expectations. The stock has now climbed 37% since January, driven by a surge in revenue and a sharp increase in net income compared to the same period last year.
Chief Executive Rafael Santana attributed the momentum to successful commercial awards and the ongoing integration of recent acquisitions. Looking further ahead, management boosted its 2026 fiscal guidance, now projecting revenue between $12.3 billion and $12.6 billion. The company also raised its adjusted earnings outlook to a range of $10.60 to $10.90 per share, positioning the firm above analyst expectations of $10.63.
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