secwatch.observer — SEC 8-K summary
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Issuer:     WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)
CIK:        0000943452
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001628280-24-043347
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943452/000162828024043347/0001628280-24-043347-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943452/000162828024043347/wab-20241023.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-043347

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