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Jun 30, 2024
Wabtec Q2 2024 Earnings Report
Wabtec demonstrated strong performance with robust sales and earnings per share growth.
Key Takeaways
Wabtec reported a strong second quarter in 2024, with sales growth of 9.8% to $2.64 billion and adjusted EPS up 39.0% to $1.96. The company raised and tightened its full-year adjusted EPS guidance.
GAAP Diluted Earnings Per Share increased by 54.7%, reaching $1.64; Adjusted Diluted Earnings Per Share rose by 39.0% to $1.96.
GAAP Operating Margin was 16.3%; Adjusted Operating Margin increased by 2.9 percentage points to 19.3%.
Sales grew by 9.8% to $2.64 billion; Freight Segment Sales increased by 13.1%.
The company returned $235 million to shareholders through share repurchases and dividends.
Wabtec
Wabtec
Wabtec Revenue by Segment
Revenue by Segment
Freight Revenue
CapyFin.comTransit Revenue
CapyFin.com Forward Guidance
Wabtec raised and tightened its 2024 adjusted EPS guidance to be in the range of $7.20 to $7.50. Wabtec’s revenue guidance range remains unchanged at $10.25 billion to $10.55 billion. 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