WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (WAB) FY2026 Q1 P&L / Income Statement

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (WAB) FY2026 Q1 P&L / Income Statement

Income statement for 2026-01-01 through 2026-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total net sales

2,950,000,000 US dollars

Total cost of sales

1,889,000,000 US dollars

Gross profit

1,061,000,000 US dollars

Total operating expenses

544,000,000 US dollars

Income from operations

517,000,000 US dollars

Other income (expense), net (calculated)

negative 48,000,000 US dollars

Income before income taxes

469,000,000 US dollars

Income tax expense

106,000,000 US dollars

Net income

363,000,000 US dollars

Freight Segment

2,115,000,000 US dollars

Transit Segment

835,000,000 US dollars

Selling, general and administrative expenses

401,000,000 US dollars

Engineering expenses

56,000,000 US dollars

Amortization expense

87,000,000 US dollars

Freight Segment costs (calculated)

1,665,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Transit Segment costs (calculated)

714,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Reconciling items (calculated)

54,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

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• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Of which attributable to WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION: $362.00 M; to noncontrolling interests: $1.00 M.