secwatch.observer — SEC 8-K summary
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Issuer:     WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)
CIK:        0000943452
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001628280-23-013053
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943452/000162828023013053/0001628280-23-013053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943452/000162828023013053/wab-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-013053

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