Wabtec reported strong Q3 2024 results, with sales growth of 4.4% to $2.66 billion and adjusted EPS up 17.6% to $2.00. The company raised and tightened its full-year adjusted EPS guidance, reflecting confidence in its product innovation, cost management, and execution.
GAAP Diluted Earnings Per Share increased by 22.6% to $1.63; Adjusted Diluted Earnings Per Share increased by 17.6% to $2.00.
GAAP Operating Margin was 16.3%; Adjusted Operating Margin increased by 1.8 points to 19.7%.
Sales grew by 4.4% to $2.66 billion.
The company raised and tightened its 2024 Adjusted Diluted EPS guidance to a range of $7.45 to $7.65.
Wabtec raised and tightened its 2024 adjusted EPS guidance to be in the range of $7.45 to $7.65. 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.
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