Wabtec Q1 Report 2022

Highlights

SALES

• $1.93b up5.3% YoY

ADJUSTED OPERATING MARGIN

• 16.5% GAAP: 12.4%

ADJUSTED EARNINGS PER SHARE

• $1.13 GAAP: $0.82

CASH FLOW FROM OPERATIONS

• $161M

BACKLOG

• $22.76B

Overview

• • Sales growth driven by Freight Services, Components and Equipment … even with supply chain disruptions
  • Delivered 1.4 percentage points of adj. margin expansion … improvement driven by Freight segment
  • Adj. EPS up 27.0% YoY… driven by sales growth and strong margin expansion partially offset by cost increases
  • Cash flow from operations impacted by proactive inventory build
  • Returning capital to shareholders… executed $296M share buyback and paid $28M in dividends
  • Strong backlog provides improved visibility… up $1.09B YoY