Wabtec Q1 2024 sales up 13.8% to $2.50B, adj. EPS $1.89 (+47.7% YoY); raises FY guidance

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

2024-Q1 EPS reported $1.53 revenue$2,497,000,000

GAAP EPS $1.53 (+64.5% YoY); Adjusted EPS $1.89 (+47.7% YoY); Adjusted operating margin 19.8% (+3.4 pts).
Freight segment sales $1.82B (+17.2% YoY) driven by Equipment and Services; Transit sales $673M (+5.5% YoY).
Cash from operations $334M vs -$25M YoY; returned $211M to shareholders via buybacks ($175M) and dividends ($36M).
12-month backlog $7.71B (+11.3% YoY), providing visibility; total backlog $22.08B.
FY 2024 guidance raised: Adj. EPS now $7.00-$7.40 (from $6.50-$6.90); sales expected $10.25B-$10.55B.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP reported first quarter 2024 results: revenue $2.50 billion, EPS $1.53. Guidance raised.

Period: first quarter 2024
Revenue: $2.50 billion
EPS: $1.53
Guidance: raised
Result: reported results

Exact text from the filing

of $1.53, Up 64.5%; Adjusted Earnings Per Share of $1.89, Up 47.7% • GAAP Operating Margin at 16.5%; Adjusted Operating Margin Up 3.4 pts to 19.8% • Sales Growth of 13.8% to $2.50 billion; Freight Segment Sales Growth of 17.2% • Returned $211 million to Shareholders via Share Repurchases and Dividends • Raises 2024 Financial Guidance of Adjusted EPS to Between

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Source: SEC EDGAR

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