secwatch.observer — SEC 8-K summary
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Issuer:     WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)
CIK:        0000943452
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001628280-23-035033
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943452/000162828023035033/0001628280-23-035033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943452/000162828023035033/wab-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-035033

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