Start 30 days free, no card. Full Pro access for a month, then decide. Start free
Analyst
Harrison Bauer
Period: Reporting periods mapped to calendar 2025 Q4 – 2026 Q2 (3 quarters).
- Questions
- 6on tracked calls
- Challenge rate
- 0%none of 6 questionsLimited sample
- Companies
- 2questioned at least once
- Reporting periods
- 3with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 6 of 6 questions from 2 companies
WABWabtec5 questions · 3 reporting periods · 0 of 5 challenging
Calendar 2026 Q2
have any of those changes proven structurally beneficial enough that they're likely to remain permanent
Show response
Rafael said some sourcing moves will stay, but others await tariff-rate stability given the investment required to relocate supply.
Calendar 2026 Q1
if you could assess maybe some of the competitive dynamics for both new and mod locomotives in both North America and internationally
Show response
Rafael acknowledged active competition without commenting on specific competitors. Wabtec continuing to win share of wallet through technology leadership, asset life extension, efficiency, safety, and availability improvements.
do you think that with some of the help of the commercialization of your EVO platform later this year that you could see some benefit to your Services revenue growth
Show response
Rafael confirmed EVO Advantage expected to unlock significant modernization opportunities. Also highlighted zero-to-zero on track for approval this year, next-gen PTC expanding addressable market, and strong progress in hybrid battery-electric including New York City Transit extension.
Calendar 2025 Q4
Do you see or the need to make any investments in your North American capacity to ramp total new locomotive and mod productions?
Show response
Rafael confirmed sufficient North American capacity with continued productivity investment. Class 1 CapEx actually down into 2026 but significant opportunity remains for fleet modernization with proven payback for customers.
could you maybe provide what you saw as maybe the realized tariff impact in 2025?
Show response
Rafael declined to quantify absolute tariff impact but confirmed costs growing exponentially from Q3 to Q4, expected to peak in first half 2026. Four-pronged mitigation continues but acknowledged not sufficient alone to cover all 2026 tariff costs.
CSXCSX Corporation1 question · 1 reporting period · 0 of 1 challenging
Calendar 2026 Q2
the ultimate opportunity for pricing within your domestic intermodal business without sacrificing
Show response
Maryclare said fuel was the big driver of intermodal RPU, noted the truck market only recently tightened, and declined to detail domestic intermodal pricing beyond leaning in on repriceable business.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| WAB Wabtec | 5 | 0%none of 5 questions |
| CSX CSX Corporation | 1 | —Rate withheld: fewer than 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2025 Q4 | 2 | 0%none of 2 questions | 1 |
| 2026 Q1 | 2 | 0%none of 2 questions | 1 |
| 2026 Q2 | 2 | 0%none of 2 questions | 2 |
- 2025 Q42 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2026 Q12 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2026 Q22 questions · challenge rate 0% (none of 2 questions) · 2 companies
Topics
Topics tagged on this analyst’s questions.
- Competitive Dynamics2
- Trade Tariffs2
- Demand2
- Pricing1
- Supply Chain1
- Innovation & R&D1
- Revenue Growth1
- Capital Allocation1
- Cost Pressure1