Loading...
•
Jun 30, 2021
Wabtec Q2 2021 Earnings Report
Wabtec reported strong Q2 results and updated 2021 guidance.
Key Takeaways
Wabtec Corporation reported a strong second quarter in 2021, with earnings per diluted share of $0.66 and adjusted earnings per diluted share of $1.06. Total sales reached $2.0 billion, and cash from operations was robust at $223 million. The company raised its full-year revenue and earnings per share guidance.
GAAP earnings per share was $0.66, while adjusted EPS was $1.06.
Total sales amounted to $2.0 billion.
Cash flow from operations stood strong at $223 million.
The company's 12-month backlog reached its highest level since the second quarter of 2019.
Revenue by Segment
Forward Guidance
Wabtec updated its 2021 sales guidance to a range of $7.9 billion to $8.2 billion, GAAP earnings per diluted share guidance to between $2.87 to $3.07 and adjusted earnings per diluted share to between $4.15 to $4.35. The adjusted guidance excludes estimated expenses for restructuring, transaction and amortization expenses.
Positive Outlook
- Sales guidance updated to $7.9B - $8.2B.
- GAAP EPS guidance updated to $2.87 - $3.07.
- Adjusted EPS guidance updated to $4.15 - $4.35.
- Expected run rate savings of $250 million in 2021 from synergies.
- Expected margin expansion through continued cost actions.
Challenges Ahead
- Adjusted guidance excludes restructuring expenses.
- Adjusted guidance excludes transaction expenses.
- Adjusted guidance excludes amortization expenses.
- Severe disruption in India stemming from the pandemic.
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
Loading earnings performance data...
Loading earnings reaction data...