NYSE$WAB
Wabtec Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Wabtec demonstrated profitable growth, margin expansion, and backlog increase.
Wabtec reported a strong second quarter with sales growth of 1.8% to $2.05 billion and adjusted earnings per share of $1.23, up 16.0%. The company's total backlog increased to $23.23 billion, driven by strategic multi-year orders.
- Total backlog increased by $1.70 billion to $23.23 billion.
- GAAP earnings per share were $0.91, up 37.9% year-over-year.
- Adjusted earnings per share were $1.23, up 16.0% year-over-year.
- Cash from operations was $263 million.
Headline financials
Revenue & EPS history
Wabtec · Revenue · Quarterly
$2.05B
Revenue by segment
Wabtec · $2.05B total across 2 segments · Q2 2022
- Freight$1.49B+11.5%72.8%
- Transit$558M-17.5%27.2%
Forward guidance
Wabtec updated its 2022 financial guidance with sales to be in a range of $8.30 billion to $8.60 billion and adjusted earnings per diluted share to be in a range of $4.70 to $5.00. For full year 2022, Wabtec expects strong cash flow generation with operating cash flow conversion of greater than 90 percent.
Tailwinds
- Sales to be in a range of $8.30 billion to $8.60 billion.
- Adjusted earnings per diluted share to be in a range of $4.70 to $5.00.
- Strong cash flow generation.
- Operating cash flow conversion of greater than 90 percent.
- Increasing momentum in 2022 and beyond.
Headwinds
- Rising costs.
- Continued supply chain challenges.
- Significant unfavorable foreign currency exchange.
- Evolving legal, regulatory and tax regimes.
- Potential disruptions, instability, and volatility in global markets from the imposition of economic sanctions on Russia resulting from the invasion of Ukraine.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+0.5%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+1.0%
Avg return
30 days after
58%
40 / 69 earnings
Positive
+9.9%
Q1 2024
Best reaction
-14.9%
Q2 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.2% | +3.7% | -0.3% | |
| Q4 2025 | +3.2% | +3.9% | -3.9% | |
| Q3 2025 | -2.3% | +1.2% | +1.1% | |
| Q2 2025 | -1.8% | -0.9% | -2.9% | |
| Q1 2025 | +5.9% | +6.7% | +16.0% | |
| Q4 2024 | -9.1% | -9.6% | -14.1% | |
| Q3 2024 | -0.3% | +0.6% | +5.0% | |
| Q2 2024 | -5.3% | -4.8% | -1.1% | |
| Q1 2024 | +9.9% | +9.9% | +14.3% | |
| Q4 2023 | -1.8% | -1.6% | +2.5% | |
| Q3 2023 | +4.6% | +5.6% | +17.1% | |
| Q2 2023 | +4.9% | +5.4% | -1.2% | |
| Q1 2023 | -3.0% | -2.6% | -6.0% | |
| Q4 2022 | +0.9% | +2.0% | -9.9% | |
| Q3 2022 | -3.0% | +2.3% | +10.5% | |
| Q2 2022 | +0.7% | +2.3% | -6.3% | |
| Q1 2022 | +8.2% | +6.3% | +9.7% | |
| Q4 2021 | +7.0% | +7.9% | +7.2% | |
| Q3 2021 | -0.9% | -1.3% | +1.5% | |
| Q2 2021 | +1.9% | +2.8% | +8.2% | |
| Q1 2021 | -4.1% | -5.0% | -3.3% | |
| Q4 2020 | -6.8% | -6.1% | -4.7% | |
| Q3 2020 | +5.6% | +16.8% | +31.4% | |
| Q2 2020 | +5.3% | +0.3% | +6.8% | |
| Q1 2020 | +1.3% | +5.3% | +20.5% | |
| Q4 2019 | +2.1% | +1.9% | -44.7% | |
| Q3 2019 | +9.4% | +13.7% | +15.0% | |
| Q2 2019 | +9.3% | +6.0% | -5.0% | |
| Q1 2019 | -4.4% | -3.3% | -14.5% | |
| Q4 2018 | +0.8% | -1.3% | -1.9% | |
| Q3 2018 | -8.9% | -5.5% | +2.9% | |
| Q2 2018 | +4.2% | +2.9% | +3.4% | |
| Q1 2018 | +1.5% | +1.5% | +10.2% | |
| Q4 2017 | +5.8% | +7.9% | +1.4% | |
| Q3 2017 | +1.6% | -0.2% | -4.3% | |
| Q2 2017 | -14.9% | -13.7% | -19.3% | |
| Q1 2017 | +4.6% | +2.1% | +0.4% | |
| Q4 2016 | -8.7% | -9.5% | -13.4% | |
| Q3 2016 | -5.8% | -6.2% | +6.2% | |
| Q2 2016 | -3.5% | -3.7% | +6.7% | |
| Q1 2016 | +8.4% | — | — | |
| Q4 2015 | -3.2% | — | — | |
| Q3 2015 | -6.0% | — | — | |
| Q2 2015 | -2.0% | — | — | |
| Q1 2015 | +2.6% | — | — | |
| Q4 2014 | +4.8% | — | — | |
| Q3 2014 | +5.7% | — | — | |
| Q2 2014 | +4.8% | — | — | |
| Q1 2014 | +1.0% | — | — | |
| Q4 2013 | +2.8% | — | — | |
| Q3 2013 | +0.4% | — | — | |
| Q2 2013 | +0.7% | — | — | |
| Q1 2013 | +2.1% | — | — | |
| Q4 2012 | +2.1% | — | — | |
| Q3 2012 | -2.4% | — | — | |
| Q2 2012 | +3.6% | — | — | |
| Q1 2012 | -1.1% | — | — | |
| Q4 2011 | +0.8% | — | — | |
| Q3 2011 | -3.2% | — | — | |
| Q2 2011 | -8.5% | — | — | |
| Q1 2010 | +1.6% | — | — | |
| Q1 2011 | +1.7% | — | — | |
| Q4 2008 | +3.8% | — | — | |
| Q4 2010 | +3.8% | — | — | |
| Q3 2009 | -0.4% | — | — | |
| Q3 2010 | -0.4% | — | — | |
| Q4 2009 | -1.8% | — | — | |
| Q2 2009 | -1.8% | — | — | |
| Q2 2010 | -1.8% | — | — |
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