Filing Flows › Westinghouse Air Brake Technologies (WAB) › Q1 2025
Westinghouse Air Brake Technologies (WAB) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 23, 2025
Westinghouse Air Brake Technologies (WAB) reported revenue of $2.6B for the first quarter 2025 (Q1 2025), +5% from a year earlier and +1% from the quarter before. Operating margin was 18.2%, net earnings $322M (12.3% of revenue).
Westinghouse Air Brake Technologies, Q1 2025: revenue $2.6B (+4% year over year), operating margin 18.2%, net earnings $322M, operating cash flow $191M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6B | +1% | +5% |
| Gross profit | $900M | +13% | +10% |
| Operating profit | $474M | +42% | +15% |
| Net earnings | $322M | +52% | +18% |
| Operating cash flow | $191M | -74% | -43% |
| Free cash flow | $147M | -77% | -51% |
What changed
Revenue was $2.6B in Q1 2025, up 5% year over year and up 1% from the previous quarter. Goods was the largest line at 83% of revenue. Goods added $0.15B year over year (up 7%), 133% of the total change. Services declined 8%.
Gross margin was 34.5%, up 1.8 points from a year earlier. Operating profit was $0.47B, a 18.2% margin (up 1.7 points year over year). Of the extra revenue versus a year earlier, 55% reached operating profit, above the 16% margin then. Operating expenses grew 6% against revenue growth of 5%. Net earnings were $0.32B, up 18% year over year. The effective tax rate was 23.2%.
Operating cash flow was $0.19B (down 43% year over year), 58% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.27B. Capital expenditures of $0.04B left free cash flow of $0.15B.
Questions
What was Westinghouse Air Brake Technologies' revenue in the first quarter 2025?
Westinghouse Air Brake Technologies (WAB) reported revenue of $2.6B for the first quarter 2025 (Q1 2025), +5% from a year earlier and +1% from the quarter before.
Was Westinghouse Air Brake Technologies profitable in the first quarter 2025?
Operating profit was $474M (18.2% of revenue) and net earnings $322M.
Source: Westinghouse Air Brake Technologies 10-Q on SEC EDGAR.