Wabtec Q4 sales +11.2% to $2.31B; adj. EPS $1.30 (+10.2%); FY23 guidance; dividend up 13%

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

2022-FY EPS reported $3.46 revenue$8,362,000,000

Q4 GAAP EPS $0.86 (-15.7% YoY); adjusted EPS $1.30 (+10.2%); GAAP operating margin 10.7%.
Freight segment sales $1.67B (+17.1%); Transit segment $637M (-1.7%, +9.3% constant currency).
Cash from operations $410M; full-year $1.04B; $22.4B multi-year backlog.
Board authorized $750M share buyback; quarterly dividend raised 13% to $0.17/share.
FY23 guidance: sales $8.7-9.0B; adj. EPS $5.15-5.55; operating cash conversion >90%.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP reported 2023 fiscal year results: revenue $8.7 billion to $9.0 billion, EPS Adjusted earnings per diluted share is expected to be in a range of $5.15 to $5.55. Guidance initiated.

Period: 2023 fiscal year
Revenue: $8.7 billion to $9.0 billion
EPS: Adjusted earnings per diluted share is expected to be in a range of $5.15 to $5.55
Guidance: initiated
Result: guidance update

Exact text from the filing

Wabtec issues 2023 financial guidance with sales expected to be in a range of $8.7 billion to $9.0 billion. Adjusted earnings per diluted share is expected to be in a range of $5.15 to $5.55.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP reported fourth quarter 2022 results: revenue $2,306 million, EPS GAAP diluted EPS $0.86; Adjusted diluted EPS $1.30.

Period: fourth quarter 2022
Revenue: $2,306 million
EPS: GAAP diluted EPS $0.86; Adjusted diluted EPS $1.30
Result: reported results

Exact text from the filing

reference in such a filing. --- EX-99.1 (EX-99.1) --- earningsrelease4q22vfina News Release Wabtec Reports Strong Fourth Quarter 2022 Results  Sales Growth of 11.2% to $2.31 Billion; Sales Up 15.7% Excluding Impacts of Foreign Currency Exchange  Fourth Quarter Reported GAAP Earnings Per Share of $0.86; Adjusted Earnings Per Share of $1.30  Fourth Quarter

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Source: SEC EDGAR

accession 0001628280-23-003617

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