earnings
confidence high
sentiment positive
materiality 0.75
Wabtec Q3 adj EPS $1.14, up 20% YoY; sales $1.91B; tightens FY21 guidance
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
2021-Q3 EPS reported
$1.95
revenue$5,749,400,000
- GAAP EPS $0.69; adj EPS $1.14 (+20% YoY); operating cash flow $244M in Q3.
- Freight segment sales $1.30B (+4.7%); Transit $612M (-2.5%); adj op margin 17.0% (+130bps).
- Backlog $21.84B, up $314M vs June; achieved $250M run-rate synergies earlier than expected.
- Repurchased 2.3M shares for $199M in Q3.
- FY21 guidance tightened: sales $7.90-8.05B; adj EPS $4.20-4.30; expects ~$1B operating cash flow.