Wabtec Q2 adj EPS $1.23 (+16% YoY); backlog $23.2B; guidance narrowed

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

2022-Q2 EPS reported $1.71 revenue$3,975,000,000

Q2 GAAP EPS $0.91 (+37.9% YoY); adjusted EPS $1.23 (+16% YoY).
Sales $2.05B (+1.8% YoY; +5.6% constant currency).
Freight segment sales up 11.5% to $1.49B; Transit down 17.5% to $558M.
Total backlog $23.23B, up $1.70B from prior year; 12-month backlog $6.57B.
FY 2022 guidance: sales $8.30-8.60B; adj EPS $4.70-5.00 (narrowed from $4.65-5.05).

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