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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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