Wabtec Full-Year Report 2022

Highlights

• Sales
• $2.31B Up 11.2% YoY
• Operating margin
• 10.7% GAAP 15.3% Adjusted
• Earnings per share
• $0.86 GAAP $1.30 Adjusted
• CASH Flow from operations
• $410M
• Multi-year Backlog
• $22.44B

Overview

• Increased sales were driven by strong Freight segment growth … excluding impacts of FX, sales were up 15.7% YoY
• Op margin lower despite higher sales growth and increased productivity … offset by unfavorable mix and higher input costs
• GAAP EPS down 15.7% YoY on higher restructuring charges … adjusted EPS up 10.2% YoY from higher Freight sales
• Full-year cash flow from operations of $1.04B … strong cash generation enabling investment for future growth and maximizing shareholder returns
• Backlog provides improved multi-year visibility … up $272M YoY and up $680M excluding FX impacts