secwatch.observer — SEC 8-K summary
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Issuer:     WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)
CIK:        0000943452
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001628280-22-010674
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wabtec Q1 GAAP EPS $0.80, adj EPS $1.13 (+27%); dividend raised 25%
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943452/000162828022010674/0001628280-22-010674-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943452/000162828022010674/wab-20220427.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-010674

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