Sales Performance - Net sales for the three months ended June 30, 2024 increased by $237 million, or 9.8%, to $2.64 billion compared to the same period in 2023[7] - Net sales for the six months ended June 30, 2024 increased by $540 million, or 11.7%, to $5.14 billion compared to the same period in 2023[17] - Organic sales increased by $221 million, driven by both Freight and Transit Segments, with Freight Equipment sales benefiting from higher North American and international locomotive sales[7] - Transit Segment organic sales increased by $55 million, primarily driven by strong Aftermarket sales due to increased infrastructure investment[24] - Sales from acquisitions contributed $70 million in the Freight Segment, while unfavorable changes in foreign exchange rates decreased sales by $13 million[17] Operating Expenses - Total operating expenses increased by $33 million, or 8.0%, for the three months ended June 30, 2024, with operating expenses as a percentage of sales decreasing to 16.8% from 17.1%[8] - Selling, general and administrative expenses (SG&A) increased by $31 million, primarily due to higher employee compensation and costs to support increased sales volume[8] - Restructuring costs included in SG&A were $3 million for the three months ended June 30, 2024, related to Integration 2.0 initiatives[8] Cost of Sales - Freight Segment cost of sales increased by $213 million, with cost of sales as a percentage of net sales decreasing by 3.4 percentage points, indicating improved pricing and productivity[22] Interest Expense - Interest expense, net, decreased by $7 million to $96 million for the six months ended June 30, 2024, primarily due to lower average overall debt balances[18]

Westinghouse Air Brake Technologies (WAB) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.85 per share. This compares to earnings of $1.41 per share a year ago. These figures are adjusted for non-recurring items. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.77 on $2.59 billion in revenues for the coming quarter and $7.26 on $10.36 billion in revenu ...

Exhibit 99.1 https://files.reportify.cc/media/p Wabtec Reports Second Quarter 2024 Results Raised and Tightened Adjusted EPS Guidance | SALES | | GAAP DILUTED EARNINGS PER SHARE | | ADJUSTED DILUTED EARNINGS PER SHARE | | | --- | --- | --- | --- | --- | --- | | 2Q'24 | First Half '24 | 2Q'24 | First Half '24 | 2Q'24 | First Half '24 | | $2.64B | $5.14B | $1.64 | $3.17 | $1.96 | $3.85 | | +9.8%YOY | +11.7% YOY | +54.7% YOY | +58.5%YOY | +39.0% YOY | +43.1% YOY | Q2 2024 HIGHLIGHTS "The Wabtec team delivered ...

Wabtec has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missing once. The average beat is 11.5%. We expect Wabtec's performance in the to-be-reported quarter to be boosted by an uptick in total revenues. The Zacks Consensus Estimate for revenues is pegged at $2.62 billion, which indicates growth of 9% from the yearago levels. The top line is likely to have reflected strength across both Freight and Transit segments. WAB is ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________________ FORM 10-Q ____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (Exact name of registrant as specified in its charter) _______________________ ...

Exhibit 99.1 Wabtec Delivers First Quarter 2024 Results; Raises Full-Year Guidance | | 1Q 2024 | | | --- | --- | --- | | SALES | GAAP EARNINGS PER SHARE | ADJUSTED EARNINGS PER SHARE | | $2.50B | $1.53 | $1.89 | | +13.8%YOY | +64.5%YOY | +47.7%YOY | Q1 2024 HIGHLIGHTS "The Wabtec team delivered a strong start to 2024, continuing the momentum experienced in 2023. This was evidenced by higher sales, margin expansion, and increased earnings in the quarter," said Rafael Santana, Wabtec's President and CEO. "Loo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 033-90866 WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of inc ...

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Q4 2023 Earnings Conference Call February 14, 2024 8:30 AM ET Company Participants Kristine Kubacki - Vice President, Investor Relations Rafael Santana - President and Chief Executive Officer John Olin - Chief Financial Officer Conference Call Participants Justin Long - Stephens Matt Elkott - TD Cowen Jerry Revich - Goldman Sachs Rob Wertheimer - Melius Research Scott Group - Wolfe Research Allison Poliniak - Wells Fargo Ken Hoexter - Bank of Americ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________________ FORM 10-Q ____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 033-90866 ____________________________________ WESTINGHOUSE AIR ...

1 THIRD QUARTER 2023 Wabtec Financial Results and Company Highlights Forward looking statements & non-GAAP financial information This communication contains "forward-looking" statements as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995 including statements regarding the impact of acquisitions by Wabtec, statements regarding Wabtec's expectations about fut ...