Strong Financial Performance
Sales in Q2 were $2.7 billion, up 2%. Adjusted EPS increased 16% from the previous year. Total cash flow from operations was $209 million, and the 12-month backlog increased by 11.9% to $8.2 billion.
Successful M&A Activity
Wabtec acquired Inspection Technologies, DeLiner Couplers, and Frauscher Sensor Technology, with expected first-year annualized revenues of $850 million and an EBITDA margin of 25.5%. The acquisitions are expected to deliver $217 million in EBITDA and realize $60 million in run-rate synergies.
Positive Outlook and Guidance Increase
Wabtec increased its guidance for 2025, expecting sales of approximately $11.1 billion and Adjusted EPS between $8.55 and $9.15, representing a 17% increase at the midpoint.
Transit Segment Growth
Transit segment sales increased by 8.7%, driven by elevated infrastructure investment and global ridership, resulting in a positive outlook and margin expansion.