NYSE$WAB
Wabtec Corp · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Wabtec reported strong results driven by sales growth and disciplined cost management.
Wabtec reported Q4 2022 results with sales up 11.2% to $2.31 billion and adjusted EPS of $1.30, up 10.2% year-over-year. The company highlighted strong performance in the Freight segment and a multi-year backlog of $22.4 billion.
- Sales increased by 11.2% to $2.31 billion, with a 15.7% increase on a constant currency basis.
- GAAP EPS was $0.86, a decrease of 15.7% compared to the previous year, while adjusted EPS rose by 10.2% to $1.30.
- Cash from operations reached $410 million, driven by favorable working capital changes.
- The company's backlog remains strong at $22.4 billion, providing visibility for future performance.
Headline financials
Revenue & EPS history
Wabtec · Revenue · Quarterly
$2.31B
Revenue by segment
Wabtec · $2.31B total across 2 segments · Q4 2022
- Freight$1.67B—72.4%
- Transit$637M—27.6%
Forward guidance
Wabtec issued 2023 financial guidance with sales expected to be in a range of $8.7 billion to $9.0 billion. Adjusted earnings per diluted share is expected to be in a range of $5.15 to $5.55. For full year 2023, Wabtec expects strong cash flow generation with operating cash flow conversion greater than 90 percent.
Tailwinds
- Sales expected to be in a range of $8.7 billion to $9.0 billion.
- Adjusted earnings per diluted share is expected to be in a range of $5.15 to $5.55.
- Strong cash flow generation expected.
- Operating cash flow conversion greater than 90 percent expected.
- Momentum across the business
Headwinds
- Changes in general economic and/or industry specific conditions, including the impacts of tax and tariff programs, inflation, supply chain disruptions, foreign currency exchange, and industry consolidation
- Changes in the financial condition or operating strategies of Wabtec’s customers
- Unexpected costs, charges or expenses resulting from acquisitions and potential failure to realize synergies and other anticipated benefits of acquisitions, including as a result of integrating acquired targets into Wabtec
- Inability to retain and hire key personnel
- Evolving legal, regulatory and tax regimes
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 Q4 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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