Wabtec reported a strong start to 2024 with a 13.8% increase in sales to $2.50 billion, GAAP EPS of $1.53 (up 64.5%), and adjusted EPS of $1.89 (up 47.7%). The company raised its full-year adjusted EPS guidance to $7.00-$7.40.
GAAP Earnings Per Share 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
Wabtec updated its 2024 financial guidance with sales expected to be in a range of $10.25 billion to $10.55 billion and adjusted earnings per diluted share to be in a range of $7.00 to $7.40. For full year 2024, Wabtec expects operating cash flow conversion of greater than 90 percent.
Visualization of income flow from segment revenue to net income
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