NYSE$WAB

Wabtec Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Wabtec demonstrated strong performance with sales, margin, earnings, and operating cash flow growth.

Wabtec reported strong Q3 2024 results, with sales growth of 4.4% to $2.66 billion and adjusted EPS up 17.6% to $2.00. The company raised and tightened its full-year adjusted EPS guidance, reflecting confidence in its product innovation, cost management, and execution.

  • GAAP Diluted Earnings Per Share increased by 22.6% to $1.63; Adjusted Diluted Earnings Per Share increased by 17.6% to $2.00.
  • GAAP Operating Margin was 16.3%; Adjusted Operating Margin increased by 1.8 points to 19.7%.
  • Sales grew by 4.4% to $2.66 billion.
  • The company raised and tightened its 2024 Adjusted Diluted EPS guidance to a range of $7.45 to $7.65.

Headline financials

Total Revenue

$2.66B

Previous: $2.55B+4.4%
EPS

$1.63

Previous: $1.70-4.1%
GAAP Operating Margin

16.3%

Previous: 14.5%+12.4%
Adjusted Operating Margin

19.7%

Previous: 17.9%+10.1%
Cash from Operations

$542M

No prior period
Total Backlog

$22.2B

Previous: $21.5B+3.5%
12-Month Backlog

$7.62B

Previous: $7.09B+7.5%
Capital Expenditures

-$123M

Previous: -$109M-12.8%
Free Cash Flow

$160M

Previous: $131M+22.1%
Net Income

$283M

Previous: $240M+17.9%
Operating Income

$433M

Previous: $370M+17.0%
Gross Profit

$880M

Previous: $792M+11.1%
Total Assets

$18.6B

Previous: $18.8B-0.8%
Stock-Based Comp

$18M

Previous: $14M+28.6%

Revenue & EPS history

Wabtec · Revenue · Quarterly

$2.66B

Q3 2024+4.4%vs Q3 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Wabtec · $2.19B total across 2 segments · Q1 2023

  • Freight
    $1.57B+18.5%
  • Transit
    $628M+3.8%

Forward guidance

Wabtec raised and tightened its 2024 adjusted EPS guidance to be in the range of $7.45 to $7.65. Wabtec’s revenue guidance range remains unchanged at $10.25 billion to $10.55 billion. For full year 2024, Wabtec expects operating cash flow conversion of greater than 90 percent.

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 Q3 2024

Historical avgQ3 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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