On July 24, 2025, Westinghouse Air Brake Technologies Corporation reported its financial results for the second quarter of 2025, highlighting a GAAP diluted earnings per share of $1.96, a 19.5% increase compared to the same quarter in 2024. Adjusted diluted earnings per share rose to $2.27, up 15.8% year-over-year. The company's sales reached $2.71 billion, reflecting a 2.3% growth driven primarily by the Transit segment, despite a decline in locomotive deliveries affecting the Freight segment. The operating margin improved, with GAAP at 17.4% and adjusted at 21.1%, attributed to higher sales and improved gross margins. Additionally, the company returned $94 million to shareholders through dividends and share repurchases during this quarter.
The company also raised its financial guidance for 2025, increasing the adjusted diluted earnings per share range to $8.55 - $9.15, which reflects a $200 million revenue increase at the mid-point, largely due to the acquisition of Evident Inspection Technologies Division. As of June 30, 2025, Westinghouse Air Brake Technologies reported a total available liquidity of $4.09 billion, including cash and credit facilities. The multi-year backlog stood at $247 million lower than the previous year, but the 12-month backlog grew by $876 million, indicating strong future demand visibility.
linkJul 24, 2025 06:58:07
Wabtec Corporation has completed the acquisition of Evident’s Inspection Technologies division, enhancing its Digital Intelligence business. This acquisition is expected to improve customer productivity, reliability, and safety while positioning Wabtec for growth in the inspection technology market.
The acquisition effectively doubles Wabtec's total addressable market from approximately $8 billion to $16 billion, providing additional growth opportunities and recurring revenue. Wabtec, a global provider of equipment and digital solutions for various industries, aims to deliver innovative solutions across a broader range of customers.
linkJul 01, 2025 16:14:11
Wabtec Corporation announced its financial results for the first quarter of 2025, reporting a GAAP diluted earnings per share (EPS) of $1.88, which is a 22.9% increase compared to the same period last year. The adjusted diluted EPS was $2.28, reflecting a growth of 20.6% year-over-year. Total sales for the quarter reached $2.61 billion, a 4.5% increase from the previous year, driven by growth in both the Freight and Transit segments. The company also reported an operating margin of 18.2% and returned $141 million to shareholders through dividends and share repurchases during the quarter.
In response to economic uncertainties, Wabtec has increased its adjusted diluted EPS guidance for the full year 2025 by $0.10 at the mid-point, now expecting a range of $8.35 to $8.95. The company maintained its revenue guidance range at $10.725 billion to $11.025 billion. As of March 31, 2025, Wabtec's total backlog was $22.302 billion, reflecting a 1.0% increase from the previous year, which provides strong visibility for future revenues.
linkApr 23, 2025 07:13:09
Wabtec announced significant financial performance for 2024, achieving $10.4 billion in sales and a notable adjusted operating margin of 18.9%. The company demonstrated strong cash generation with a conversion rate of 117%, reflecting a 7.3% year-over-year increase. Additionally, Wabtec's adjusted earnings per share rose to $7.56, with a robust backlog that provides resiliency despite market uncertainties. The company has effectively managed costs while expanding its margins over the past five years, despite facing various headwinds.
On the downside, Wabtec highlighted challenges that could impact future performance, including potential disruptions from global military actions, supply chain issues, and changes in economic conditions. The company remains vigilant about risks such as inflation and the ability to retain key personnel. Although Wabtec has a resilient portfolio, the ongoing macroeconomic uncertainties could pose challenges to maintaining growth and profitability in the coming years.
linkFeb 18, 2025 06:54:10
Wabtec Corporation reported a fourth quarter 2024 revenue of $2.58 billion, a 2.3% increase year-over-year, driven by growth in the Transit segment. The company also announced a 25% increase in its quarterly dividend and an additional $1 billion share buyback authorization. Adjusted earnings per diluted share rose by 9.1% to $1.68, and cash from operations saw a significant increase of 52.7%, reaching $723 million, contributing to a full year cash flow of $1.83 billion.
However, the adjusted operating margin slightly decreased to 16.9%, down 0.1 percentage points from the previous year. While the GAAP operating margin improved to 12.9%, the absence of last year's gain from an assembly joint venture impacted earnings. Additionally, the Freight segment saw minimal sales growth of 0.3%, indicating potential challenges in sustaining momentum in this area.
linkFeb 12, 2025 07:12:50
Wabtec Corporation has announced an agreement to acquire Evident’s Inspection Technologies division, enhancing its Digital Intelligence business with complementary technologies. This move is expected to foster profitable growth and improve customer productivity, reliability, and safety. The acquisition is projected to provide immediate shareholder value, with a high single-digit revenue growth outlook and an accretive impact on Adjusted EPS in the first year.
However, the acquisition comes with a purchase price reflecting an estimated multiple of 12.0x projected 2025 EBITDA, which may raise concerns regarding the valuation. The transaction is still subject to customary closing conditions and regulatory approvals, with completion expected by mid-2025, indicating uncertainty until the deal is finalized.
linkJan 14, 2025 06:26:16
Wabtec Corporation reported strong financial results for the third quarter of 2024, showcasing significant growth in both earnings and sales. The company achieved a 22.6% increase in GAAP earnings per share, reaching $1.63, while adjusted earnings per share rose by 17.6% to $2.00. Sales grew by 4.4% to $2.66 billion, driven by robust demand in both the Freight and Transit segments. Additionally, Wabtec returned $634 million to shareholders through share repurchases and dividends, further highlighting its financial health and commitment to stakeholder value.
The company also raised its adjusted earnings guidance for the full year 2024, now expecting between $7.45 to $7.65 per share, which represents a 27.5% increase from the previous year. Wabtec's operating margins improved, reflecting effective cost management and increased sales. The backlog of orders also showed growth, providing a strong pipeline for future revenue. Overall, Wabtec's results indicate a positive trajectory and strong operational performance in a competitive market.
linkOct 23, 2024 06:45:14
Wabtec Corporation announced impressive second quarter results, with sales up 9.8% to $2.64 billion and earnings per share rising 54.7%. The company raised its adjusted EPS guidance for 2024, reflecting confidence in continued growth. Strong performance in both freight and transit segments contributed to the positive results. However, the multi-year backlog showed a slight decline, which may be a concern moving forward.
linkJul 24, 2024 07:15:01
Wabtec's Q1 2024 shows sales growth of 13.8%, with adjusted earnings per share up by 47.7%. The company's operating margins improved, and it raised its 2024 financial guidance. Backlog increased by 11.3%, and the company aims for profitable growth through new locomotive sales and digital solutions. Wabtec has a vision for zero-emission rail systems and strong liquidity, with cash flow conversion expected to exceed 90% for 2024.
linkApr 24, 2024 07:16:49
Westinghouse Air Brake Technologies Corporation successfully completed a public offering of $500 million senior notes due 2034. The notes will bear interest at 5.611% per year and are fully guaranteed by the company's subsidiaries. The offering was made under an existing shelf registration statement. The company may redeem the notes before December 11, 2033, and they are subject to customary events of default and covenants limiting certain financial activities.
linkMar 11, 2024 16:48:35