earnings
confidence high
sentiment positive
materiality 0.75
Wabtec Q4 GAAP EPS $1.02, adj. EPS $1.18; 2022 guidance issued; buyback reauthorized, dividend +25%
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
2021-FY EPS reported
$2.96
revenue$7,822,000,000
- Q4 GAAP EPS $1.02 (+121.7% YoY); adjusted EPS $1.18 (+20.4%); sales $2.07B (+2.4%).
- Adjusted operating margin 16.1%, up 210 bps YoY; full-year operating cash flow $1.07B (record, 102% conversion).
- Board reauthorized $750M share buyback program and raised quarterly dividend 25% to $0.15/share.
- 2022 guidance: sales $8.3-8.6B, adjusted EPS $4.65-$5.05, operating cash flow conversion >90%.
- Freight segment sales up 6.4% to $1.425B; backlog grew 13.5% to $6.27B (12-month).