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Stock impact report

Wabtec (WAB) Q3 2024 Earnings Call Transcript [Globe and Mail, The (Toronto, Canada)]

Westinghouse Air Brake Technologies Corporation (WAB) 
Last westinghouse air brake technologies corporation earnings: 2/18 06:58 am Check Earnings Report
US:NYSE Investor Relations: wabtec.com/investors
President and Chief Executive Officer — Rafael Santana Executive Vice President and Chief Financial Officer — John Olin Vice President, Investor Relations — Kyra Yates Need a quote from a Motley Fool analyst? Email pr@fool.com TAKEAWAYS Revenue -- $2.66 billion, a 4.4% increase, driven by both the Freight and Transit segments. Adjusted Earnings per Share (EPS) -- $2.00, up 17.6%. GAAP EPS -- $1.63, up 22.6%. Cash Flow from Operations -- $542 million, bolstered by $95 million in higher securitization borrowings. GAAP Operating Income -- $433 million, reflecting higher sales and improved gross margin. Adjusted Operating Margin -- 19.7%, up 1.8 percentage points, benefiting from improved gross margin and favorable business mix. Integration 2.0 Savings -- Program tracking ahead of expectations, with total spending to date of $140 million, and anticipated run-rate savings of $75 million to $90 million by 2025. Backlog -- 12-month backlog was $7.6 billion, up 7.5%, Show less Read more
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