secwatch.observer — SEC 8-K summary
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Issuer:     WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)
CIK:        0000943452
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001628280-22-027471
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943452/000162828022027471/0001628280-22-027471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943452/000162828022027471/wab-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-027471

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