Wabtec Q2 2024 adjusted EPS $1.96 (+39% YoY), raises FY2024 guidance to $7.20-$7.50

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

2024-Q2 EPS reported $3.17 revenue$5,141,000,000

Sales $2.64B, +9.8% YoY; Freight segment sales +13.1% to $1.92B.
GAAP diluted EPS $1.64 (+54.7% YoY); adjusted diluted EPS $1.96 (+39.0% YoY).
Adjusted operating margin improved 2.9 pts to 19.3%; GAAP margin 16.3%.
Cash from operations $235M vs $115M a year ago; repurchased $200M in shares and paid $35M dividends.
Raised and tightened 2024 adjusted EPS guidance to $7.20-$7.50 (midpoint $7.35, +24% YoY); revenue guidance unchanged at $10.25B-$10.55B.

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