WAB · Wabtec Q2 FY2026 earnings call record财报电话会记录

“GAAP segment operating income was $504 million, driving an operating margin of 22.5%, up 0.9 percentage points versus last year.”

“Adjusted operating margin in the Freight segment was 25.8%, up 0.8 percentage points from the prior year.”

“Adjusted operating income as a % of revenue was 17.7%, up 2.5 percentage points from prior year, with the underlying momentum of the business and the Dellner acquisition serving as key contributors to this quarter's margin expansion.”

“Finally, Transit segment 12-month backlog for the quarter was $2.5 billion, and our 12-month backlog was up 14.5%, while the multi-year backlog was up 19.4%.”

“We now expect 2026 revenue of approximately $12.5 billion at the midpoint, up 11.5% from last year, which is an increase of one percentage point versus our prior guidance.”

“Rafael or John, maybe you noted kind of the mixed carload outlook on a global basis, some wins on international, Australia in particular, maybe thoughts on sustaining the 12-month backlog at that nearly one-time book-to-bill.”

“Ken, in terms of demand and backlog conversion, we're seeing improved demand in the year, and we're converting a strong pipeline into multi-year backlog and higher margins.”

“Despite the headwinds we still face with inflationary pressures, still managing through tariffs, and chip shortages with the impact to electronics.”

“When you look at our overall growth of 17.5%, the easy way to look at this is half of it, about 8.5%, is driven by the year-over-year impact of acquisitions.”

“As we described, I mean, we saw North America freight volumes strengthening.”

“We see that as an opportunity to really continue momentum with regards to refreshing our install base around the world, but especially in North America, providing what I call more value for our customers with fuel efficiency, and really driving, I think, greater and better value outcomes for our customers.”

“When we look at overall the margin growth that we expect in our long-term plans, we've talked about 350+ basis points of margin growth.”