The company said net sales for Q1 2024 were $2,497 million, up 13.8% from $2,194 million a year earlier. GAAP diluted EPS was $1.53, up 64.5%, and adjusted diluted EPS was $1.89, up 47.7%.

1. 01

   The company said net sales for Q1 2024 were $2,497 million, up 13.8% from $2,194 million a year earlier. GAAP diluted EPS was $1.53, up 64.5%, and adjusted diluted EPS was $1.89, up 47.7%.

2. 02

   Wabtec said Freight segment sales for Q1 rose 17.2% to $1,824 million, its GAAP operating margin was 20.2% (versus 14.5% a year earlier), and Transit segment sales rose 5.5% to $673 million while its GAAP operating margin was unchanged at 11.0%.

3. 03

   The company said operating cash flow for Q1 was $334 million, compared with cash used for operations of $25 million a year earlier. In the same quarter, it repurchased $175 million of shares and paid $36 million in dividends.

4. 04

   Wabtec said it expects full-year 2024 sales of $10.25 billion to $10.55 billion, adjusted diluted EPS of $7.00 to $7.40, and operating cash flow conversion of greater than 90%. Its prior adjusted EPS outlook was $6.50 to $6.90.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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