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Jun 30, 2022
Wabtec Q2 2022 Earnings Report
Wabtec demonstrated profitable growth, margin expansion, and backlog increase.
Key Takeaways
Wabtec reported a strong second quarter with sales growth of 1.8% to $2.05 billion and adjusted earnings per share of $1.23, up 16.0%. The company's total backlog increased to $23.23 billion, driven by strategic multi-year orders.
Total backlog increased by $1.70 billion to $23.23 billion.
GAAP earnings per share were $0.91, up 37.9% year-over-year.
Adjusted earnings per share were $1.23, up 16.0% year-over-year.
Cash from operations was $263 million.
Revenue by Segment
Forward Guidance
Wabtec updated its 2022 financial guidance with sales to be in a range of $8.30 billion to $8.60 billion and adjusted earnings per diluted share to be in a range of $4.70 to $5.00. For full year 2022, Wabtec expects strong cash flow generation with operating cash flow conversion of greater than 90 percent.
Positive Outlook
- Sales to be in a range of $8.30 billion to $8.60 billion.
- Adjusted earnings per diluted share to be in a range of $4.70 to $5.00.
- Strong cash flow generation.
- Operating cash flow conversion of greater than 90 percent.
- Increasing momentum in 2022 and beyond.
Challenges Ahead
- Rising costs.
- Continued supply chain challenges.
- Significant unfavorable foreign currency exchange.
- Evolving legal, regulatory and tax regimes.
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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