Wabtec Q3 adj. EPS $2.00 (+17.6% YoY); raises FY24 adj. EPS guidance to $7.45-$7.65

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

2024-Q3 EPS reported $4.80 revenue$7,804,000,000

GAAP diluted EPS of $1.63 (+22.6% YoY); adjusted diluted EPS of $2.00 (+17.6% YoY).
Revenue of $2.66B (+4.4% YoY); adjusted operating margin up 1.8 pts to 19.7%.
Freight segment sales $1.93B (+2.6% YoY) driven by Services (+16.5%) and Digital (+12.7%).
Transit segment sales $733M (+9.6% YoY) driven by higher OE sales.
Returned $634M to shareholders via $599M share repurchases and $35M dividends in Q3.

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