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