secwatch.observer — SEC 8-K summary
======================================

Issuer:     WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)
CIK:        0000943452
Form:       8-K
Filed at:   2021-10-27T23:59:59+00:00
Accession:  0001628280-21-020568
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wabtec Q3 adj EPS $1.14, up 20% YoY; sales $1.91B; tightens FY21 guidance
-------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943452/000162828021020568/0001628280-21-020568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943452/000162828021020568/wab-20211027.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-020568

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer