Wabtec Q2 sales up 17.5% to $2.41B; adj. EPS $1.41, raises FY guidance mid-point 16% YoY

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

2023-Q2 EPS reported $2.00 revenue$4,601,000,000

GAAP EPS $1.06 (+16.5% YoY); adjusted EPS $1.41 (+14.6% YoY); revenue $2.41B vs $2.05B.
Freight segment sales +14.6% to $1.71B; Transit segment sales +25.3% to $699M.
Full-year adjusted EPS guidance raised to $5.50-$5.80 (mid-point 16% YoY growth vs prior ~10%).
Completed strategic acquisition of L&M Radiator for $223M; returned $106M via buybacks & dividends.
12-month backlog $7.22B, up 10% YoY; operating cash flow $115M, conversion 36%.

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