earnings
confidence high
sentiment positive
materiality 0.75
Wabtec Q1 GAAP EPS $0.80, adj EPS $1.13 (+27%); dividend raised 25%
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
2022-Q1 EPS reported
$0.80
revenue$1,927,000,000
- GAAP EPS $0.80, adjusted EPS $1.13 (+27% YoY); GAAP op margin 12.4%, adjusted 16.5%.
- Sales $1.93B (+5.3%); Freight $1.32B (+11.7%), Transit $605M (-6.5%).
- Multi-year backlog $22.76B (+5% YoY) driven by Equipment, Services, Digital Electronics.
- Repurchased 3.1M shares for $296M; raised quarterly dividend by 25%.
- FY22 guidance reaffirmed: sales $8.3-8.6B, adj EPS $4.65-5.05, cash conversion >90%.