Wabtec Q3 sales $2.08B (+9.1%), adj EPS $1.22 (+7%), narrows FY guidance on FX

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

2022-Q3 EPS reported $2.59 revenue$6,056,000,000

Q3 sales $2.08B (+9.1% YoY); GAAP EPS $0.88 (+27.5%), adj EPS $1.22 (+7.0%).
Freight segment sales up 18.2% to $1.53B; Transit sales down 10.1% to $550M (constant currency +2.6%).
Total backlog $22.61B, up $1.52B constant currency YoY; 12-month backlog $6.27B (+9.8%).
FY2022 guidance: sales $8.15-8.35B (prev. $8.3-8.6B); adj EPS $4.75-4.95 (prev. $4.70-5.00); cash conversion >90%.
Operating cash flow $204M vs $244M prior year; management cites FX, supply chain, inflation headwinds.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP reported the fiscal year 2022 results: revenue $8.15 billion to $8.35 billion, EPS $4.75 to $4.95 per diluted share. Guidance lowered.

Period: the fiscal year 2022
Revenue: $8.15 billion to $8.35 billion
EPS: $4.75 to $4.95 per diluted share
Guidance: lowered
Result: guidance update

Exact text from the filing

Wabtec updated its 2022 financial guidance with sales expected to be in a range of $8.15 billion to $8.35 billion versus previous guidance of $8.3 billion to $8.6 billion. The reduction reflects the expected impacts from unfavorable foreign currency exchange in the second half of the year. Adjusted earnings per diluted share is expected to be in a range of $4.75 to $4.95 versus previous guidance of $4.70 to $5.00.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP reported the third quarter of 2022 results: revenue $2.08 billion, EPS $0.88 per diluted share.

Period: the third quarter of 2022
Revenue: $2.08 billion
EPS: $0.88 per diluted share
Result: reported results

Exact text from the filing

Wabtec Corporation (NYSE: WAB) today reported third quarter 2022 GAAP earnings per diluted share of $0.88, up 27.5% versus the third quarter of 2021. Adjusted earnings per diluted share were $1.22, up 7.0% versus the same quarter a year ago. Third quarter sales were $2.08 billion, and cash from operations was $204 million.

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Source: SEC EDGAR

accession 0001628280-22-027471

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