Wabtec Reports Solid Gains In Freight And Transit, Raises EPS Outlook Despite Slight Backlog Decline
Wabtec Reports Solid Gains In Freight And Transit, Raises EPS Outlook Despite Slight Backlog Decline
Westinghouse Air Brake Technologies Corporation (NYSE:WAB) (NYSE:WAB) shares are trading lower after the company reported second-quarter FY24 results.
美国西屋制动技术公司（纽交所：WAB）股价在公司公布第二季度FY24财报后出现下跌。
Sales growth of 9.8% Y/Y to $2.644 billion, marginally beating the consensus of $2.643 billion.
销售额同比增长9.8%至26.44亿美元，略高于26.43亿美元的共识。
Sales growth was driven by higher sales in Freight (+13.1% Y/Y) and Transit (+2.0% Y/Y) segments.
销售增长受到货运（同比增长13.1%）和城市轨道交通（同比增长2.0%）业务的推动。
The adjusted gross margin expanded 290 basis points to 33.3%, and the adjusted operating margin was 19.3%, up 290 basis points.
调整后的毛利率扩张了290个基点至33.3%，调整后的营业利润率为19.3%，上升290个基点。
At the end of the quarter, the total backlog stood at $22.08 billion, down 1.6% Y/Y. Adjusted EPS of $1.96 (+39.0% Y/Y) topped the consensus of $1.88.
本季度末，总订单金额为22.08亿美元，同比下降1.6%。调整后的每股收益为1.96美元（同比增长39.0%），超过预期的1.88美元。
During the quarter, the company returned $235 million to shareholders via share repurchases and dividends.
本季度公司通过股票回购和股息向股东返还了2350万美元。
Operating cash flow was $235 million versus $115 million a year ago. Wabtec held cash, cash equivalents and restricted cash of $595 million and total debt of $4.00 billion at the end of the quarter.
本季度经营性现金流为2.35亿美元，去年同期为1.15亿美元。洛克希德·马丁的现金及现金等价物为5,950万美元，总负债为40亿美元。
Rafael Santana, Wabtec's President and CEO said, "Demand on our end markets continues to be strong and we have significant opportunities for further growth given the quality of our products and the productivity and reliability that we provide for our customers."
Wabtec总裁兼首席执行官拉斐尔·桑塔纳表示：“我们的终端市场需求持续强劲，考虑到我们提供给客户的产品质量以及我们提供的生产力和可靠性，我们还具有进一步增长的重大机会。”
FY24 Guidance: Wabtec raised the adjusted EPS outlook to $7.20 to $7.50 (from $7-$7.40 earlier) versus the consensus of $7.39.
FY24展望：Wabtec将调整后的每股收益预期上调至7.20-7.50美元（之前为7-7.40美元），超过市场一致预期的7.39美元。
The company reiterated sales of $10.25 billion-$10.55 billion versus a consensus of $10.375 billion.
公司重申销售额预期为10.25亿至10.55亿美元，市场一致预期为10.375亿美元。
Dividend: On July 18, the Board of Directors declared a regular quarterly dividend per share of $0.20, payable on August 28, 2024, to holders of record as of August 14, 2024.
季度股息：董事会于2024年8月28日向记录持股人支付每股股息0.20美元的普通季度股息。
Investors can gain exposure to the stock via Janus Henderson U.S. Sustainable Equity ETF (NYSE:SSPX) and IShares Environmental Infrastructure And Industrials ETF (NASDAQ:EFRA).
投资者可以通过Janus Henderson US Sustainable Equity ETF（纽交所：SSPX）和iShares Environmental Infrastructure And Industrials ETF（纳斯达克：EFRA）获得该股票的曝光。
Price Action: WAB shares are down 4.46% at $160.61 at the last check Wednesday.
截至上周三，WAb股价下跌4.46%，报160.61美元。