Wabtec said fourth quarter net sales were $2,583 million, up 2.3% from $2,526 million in the year-ago quarter, and full-year 2024 sales were $10.39 billion. The company said the fourth quarter sales increase reflected higher Transit segment sales.

1. 01

   Wabtec said fourth quarter net sales were $2,583 million, up 2.3% from $2,526 million in the year-ago quarter, and full-year 2024 sales were $10.39 billion. The company said the fourth quarter sales increase reflected higher Transit segment sales.

2. 02

   Wabtec said fourth quarter GAAP diluted earnings per share were $1.23, up 2.5% from the year-ago quarter, and adjusted diluted earnings per share were $1.68, up 9.1%. The company said the GAAP EPS increase was partially offset by the absence of last year's gain from an increase in ownership interest of an assembly joint venture.

3. 03

   Wabtec said full-year 2024 operating cash flow was $1.83 billion (operating cash flow conversion of 117%) and it returned $1.2 billion to shareholders through share repurchases and dividends. Fourth quarter share repurchases were $123 million, with a full-year total of $1.10 billion.

4. 04

   Wabtec said it expects 2025 sales to be $10.725 billion to $11.025 billion, adjusted diluted earnings per share to be $8.35 to $8.75, and operating cash flow conversion to exceed 90%. The company also provided new 5-year long-term guidance through the end of 2029.

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Original filing

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