---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-013053"
form_type: "8-K"
ticker: "WAB"
cik: "0000943452"
company_name: "WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T15:11:52.282471+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001628280-23-013053
- form_type: 8-K
- ticker: WAB
- cik: 0000943452
- company_name: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/943452/000162828023013053/0001628280-23-013053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/943452/000162828023013053/wab-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-013053
- JSON: https://secwatch.observer/filing/0001628280-23-013053.json
- Plain text: https://secwatch.observer/filing/0001628280-23-013053.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/943452/000162828023013053/0001628280-23-013053-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.