Wabtec (WAB) Tops Q3 EPS by 24c; Raises Outlook
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Wabtec Delivers Strong Third Quarter 2023 Results; Raises Full-Year Guidance
October 25, 2023 6:30 AM EDTGAAP Earnings Per Share of $1.33, Up 51.1%; Adjusted Earnings Per Share of $1.70, Up 39.3% Sales Growth of 22.5% to $2.55 Billion; Freight Segment Sales Growth of 23.4% and Transit Segment Sales Growth of 20.0% GAAP Operating Margin at 14.5%; Adjusted Operating Margin Up 1.5 pts to 17.9% Strong Operating Cash Flow Generation of $425 Million; Cash Conversion of 116% Raised Mid-Point of Full-Year Adjusted EPS Guidance to Up 21.4% Year-Over-Year
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