Westinghouse Air Brake Q4 Earnings Drop 12% Amid Revenue Decline

Westinghouse Air Brake Technologies (WAB) reported a 12% year-over-year decline in Q4 net income to $18.5 million, ending on January 31, 2026. Revenue fell 8% to $412 million, pressured by reduced rail freight demand and pricing pressures. The company attributed the results to lower orders in North America and Europe, with international sales down 10% year-over-year. Management noted continued weakness in the railcar leasing market and announced a reduction in non-core expenses to stabilize margins.