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Mar 31, 2024
Wabtec Q1 2024 Earnings Report
Wabtec's first quarter of 2024 was marked by strong financial performance, with increased sales, margin expansion, and higher earnings, leading to an upgraded full-year guidance.
Key Takeaways
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
Revenue by Segment
Forward Guidance
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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