Wabtec Q3 adj. EPS $1.70 (+39% YoY); raises FY2023 guidance

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

2023-Q3 EPS reported $3.33 revenue$7,151,000,000

GAAP EPS $1.33 (+51.1% YoY), adjusted EPS $1.70 (+39.3%), sales $2.55B (+22.5%).
Freight sales $1.89B (+23.4%); Transit $660M (+20.0%); adj. operating margin 17.9% (+1.5 pts).
Operating cash flow $425M (116% conversion); liquidity $1.86B; debt $4.05B.
Raised FY2023 guidance: sales $9.50-9.70B, adj. EPS $5.80-6.00 (midpoint +21.4% YoY).
12-month backlog $7.09B (+13.1%); total backlog $21.48B (-5.0%).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP updated its third quarter 2023 guidance (raised).

Period: third quarter 2023
Guidance: raised
Result: reported results

Exact text from the filing

On October 25, 2023, Westinghouse Air Brake Technologies Corporation (the “Company”) issued a press release reporting, among other things, the Company’s 2023 third quarter results.

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WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP filing history →

Source: SEC EDGAR

accession 0001628280-23-035033

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