Wabtec Q1 sales up 13.9% to $2.19B; adj EPS $1.28, up 13.3% YoY

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

2023-Q1 EPS reported $0.93 revenue$2,194,000,000

GAAP EPS $0.93, up 16.3%; adjusted EPS $1.28, up 13.3% vs Q1 2022.
Freight segment sales $1.57B (+18.5%); Transit $628M (+3.8%).
12-month backlog $6.93B (+4.4%); total backlog $22.3B.
Operating cash flow -$25M vs +$161M a year ago on higher working capital.
FY2023 guidance: sales $8.7-9.0B, adj EPS $5.15-5.55, 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 0.95

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP reported first quarter 2023 results: revenue $2.19 billion, EPS $0.93 per diluted share. Guidance reaffirmed.

Period: first quarter 2023
Revenue: $2.19 billion
EPS: $0.93 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Wabtec Corporation (NYSE: WAB) today reported first quarter 2023 GAAP earnings per diluted share of $0.93, up 16.3% versus the first quarter of 2022. Adjusted earnings per diluted share were $1.28, up 13.3% versus the same quarter a year ago. First quarter sales were $2.19 billion driven by strong sales across the portfolio.

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Source: SEC EDGAR

accession 0001628280-23-013053

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