Wabtec (WAB) Beats Q2 Earnings Estimates, Ups 2022 EPS View Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (NYSE: WAB ) , reported mixed second-quarter 2022 results wherein earnings surpassed the Zacks Consensus Estimate but revenues missed the same. Quarterly earnings of $1.23 per share beat the Zacks Consensus Estimate by a penny. The bottom line improved 16% year over year, owing to higher sales and increased operating margins. Revenues of $2,048 million lagged the Zacks Consensus Estimate of $2,082.5 million. However, the top line grew 1.8% year over year on the back of higher Freight segment revenues, partially offset by lower Transit segment revenues. Total operating expenses in the reported quarter increased 1.1% year over year to $381 million. The operating ratio (operating expenses as a percentage of revenues) deteriorated 10 basis points from the year-ago quarter''s figure to 18.6%. During the reported quarter, Wabtec completed the acquisitions of Beena Vision and ARINC for $69 million. The company repurchased shares worth $103 million.