Machinery
Price
$262.19
-0.69%Market Cap
$46.17B
Day High
$266.58
Day Low
$260.01
Wabtec (WAB) delivered strong Q1 2026 results with revenue up 13.0% YoY to $2.95B and net income rising 12.4% to $362M, though a sharp surge in SG&A expenses (+30.6%) and a significant increase in long-term debt (+63.2%) warrant close monitoring.
Key risk: Sharply Elevated Leverage from Debt Increase
Long-term debt surged 63.2% YoY to $6.54B, pushing the debt-to-equity ratio to 1.08x. This elevated leverage increases Wabtec's sensitivity to interest rate changes and could constrain financial flexibility if operating conditions deteriorate. The financing activity in Q1 2026 appears to have been a primary driver of this increase.
Other Construction Machinery & Heavy Transportation Equipment companies