Wabtec Half-Year Report 2022

Highlights

• SALES
• $2.05B Up 1.8% YoY
• ADJUSTED OPERATING MARGIN
• 16.7% GAAP: 12.9%
• ADJUSTED EARNINGS PER SHARE
• $1.23 GAAP: $0.91
• CASH FLOW FROM OPERATIONS
• $263M
• BACKLOG
• $23.23B

Overview

• Strong Freight Segment growth … partially offset by lower Transit Segment revenue
• Delivered 1.5 pts of adjusted margin expansion … driven by strong improvement in Freight segment
• Adj. EPS up 16.0% YoY … driven by strong margin expansion and positive mix … partially offset by higher input costs
• Returning capital to shareholders … executed $103M share buyback and paid $27M in dividends
• Backlog provides improved multi-year visibility … up $1.70B YoY and up $2.27B excluding FX impacts