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Sep 30, 2024
Wabtec Q3 2024 Earnings Report
Wabtec demonstrated strong performance with sales, margin, earnings, and operating cash flow growth.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
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.
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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