Wabtec Q4 adj. EPS $1.54 (+18.5% YoY), sales $2.53B (+9.5%); FY24 adj. EPS guidance $6.50–$6.90

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

2023-FY EPS reported $4.53 revenue$9,677,000,000

Q4 GAAP EPS $1.20 (+39.5% YoY), adjusted EPS $1.54 (+18.5%); full-year GAAP EPS $4.53.
Q4 sales $2.53B (+9.5%); Freight +7.7%, Transit +14.3%; record FY23 operating cash flow $1.20B.
FY24 guidance: sales $10.05–$10.35B, adj. EPS $6.50–$6.90 (mid-point +13.2% YoY).
Board reauthorized $1.0B share buyback; quarterly dividend raised 17.6% to $0.20 per share.
12-month backlog $7.46B (+10.3%); multi-year backlog $22.0B (-2.0%) on FX.

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 0.95

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP reported fourth quarter 2023 results: revenue $2,526, EPS $1.20. Guidance initiated.

Period: fourth quarter 2023
Revenue: $2,526
EPS: $1.20
Guidance: initiated
Result: reported results

Exact text from the filing

Consolidated Financial Results $ in millions except earnings per share and percentages; margin change in percentage points (pts) Fourth Quarter 2023 2022 Change Net Sales $2,526 $2,306 9.5 % GAAP Gross Margin 30.3 % 28.3 % 2.0 pts Adjusted Gross Margin 30.8 % 29.6 % 1.2 pts GAAP Operating Margin 12.2 % 10.7 % 1.5 pts Adjusted Operating Margin 17.0 % 15.3

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Source: SEC EDGAR

accession 0001628280-24-004626

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