Wabtec Q1 EPS Beats, Revenue Misses

Wabtec posted Q1 adjusted EPS $2.71, beating estimates by $0.20, while revenue $2.95 bn fell short of $2.96 bn consensus.
Freight segment revenue rose 11.3% YoY to $2.12 bn with operating margin improving to 26.0%, and equipment sales jumped 52.5%.
Transit segment revenue increased 17.8% YoY to $835 m, operating margin rose to 16.6% and digital sales surged 75.7% from acquisitions.
Company lifted FY EPS guidance to $10.25‑$10.65, kept FY revenue outlook at $12.19‑$12.49 bn, generated $199 m cash flow and repurchased $242 m of shares.