secwatch.observer — SEC 8-K summary
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Issuer:     WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)
CIK:        0000943452
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001628280-23-025818
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943452/000162828023025818/0001628280-23-025818-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943452/000162828023025818/wab-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-025818

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