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Westinghouse Air Brake Technologies (WAB)
NYSE:WAB
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.73Last Year’s EPS
1.54Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: 6.42%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a strong quarter for Wabtec, with significant revenue growth, improved margins, and a strong backlog driven by international contracts. However, some challenges remain with equipment sales and future mix pressures.Company Guidance
During Wabtec's Q3 2024 earnings call, the company reported strong financial performance, with sales reaching $2.7 billion, marking a 4.5% increase compared to the previous year. The Freight and Transit segments drove this revenue growth, contributing to an adjusted EPS rise of nearly 18%. Operating cash flow for the quarter was robust at $542 million, while the 12-month backlog increased by 7.5% to $7.6 billion. The total multiyear backlog stood at $22 billion. Wabtec also reported a GAAP operating margin of 16.3% and an adjusted operating margin of 19.7%, representing an increase of 1.8 percentage points from the previous year. The company revised its full-year adjusted EPS guidance to a range of $7.45 to $7.65, reflecting a 27.5% increase at the midpoint. Furthermore, Wabtec emphasized its focus on driving mid-single-digit organic growth and double-digit EPS growth through its planning horizon.Sales and Revenue Growth
Wabtec reported sales of $2.7 billion, up nearly 4.5% from the previous year, driven by growth in both the Freight and Transit segments. Adjusted EPS increased by nearly 18% from the year-ago quarter.
Strong Cash Flow and Backlog
Cash flow from operations was $542 million. The 12-month backlog increased by 7.5% to $7.6 billion, indicating strong momentum and visibility.
International and Transit Market Strength
Significant investments and contracts in international markets, including a $405 million locomotive order with KTZ in Kazakhstan. Transit sales were up 9.6%, with a strong push for decarbonization and sustainable transportation solutions.
Improved Operating Margins
Adjusted operating margin improved to 19.7%, up 1.8 percentage points from the prior year, driven by a favorable mix and strong operational execution.
Successful Integration and Portfolio Optimization
Integration 2.0 is on track, with expected savings of $75 million to $90 million by 2025, contributing to improved margins and operational efficiency.
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Westinghouse Air Brake Technologies (WAB) Earnings, Revenues Date & History
WAB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WAB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $189.52 | $187.15 | -1.25% |
| Jul 24, 2024 | $167.73 | $156.92 | -6.44% |
| Apr 24, 2024 | $147.97 | $162.81 | +10.03% |
| Feb 14, 2024 | $135.73 | $134.42 | -0.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Westinghouse Air Brake Technologies (WAB) report earnings?
Westinghouse Air Brake Technologies (WAB) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Westinghouse Air Brake Technologies (WAB) earnings time?
Westinghouse Air Brake Technologies (WAB) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WAB EPS forecast?
WAB EPS forecast for the fiscal quarter 2024 (Q4) is 1.73.
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