secwatch.observer — SEC 8-K summary
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Issuer:     WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)
CIK:        0000943452
Form:       8-K
Filed at:   2022-02-16T23:59:59+00:00
Accession:  0001628280-22-002794
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wabtec Q4 GAAP EPS $1.02, adj. EPS $1.18; 2022 guidance issued; buyback reauthorized, dividend +25%
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943452/000162828022002794/0001628280-22-002794-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943452/000162828022002794/wab-20220216.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-002794

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