secwatch.observer — SEC 8-K summary
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Issuer:     WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)
CIK:        0000943452
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001628280-24-017522
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943452/000162828024017522/0001628280-24-017522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943452/000162828024017522/wab-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-017522

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