Westinghouse Air Brake Technologies First Quarter 2024 Earnings: Beats Expectations

Westinghouse Air Brake Technologies (NYSE:WAB) First Quarter 2024 Results

Key Financial Results

• Revenue: US$2.50b (up 14% from 1Q 2023).
• Net income: US$272.0m (up 61% from 1Q 2023).
• Profit margin: 11% (up from 7.7% in 1Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.54 (up from US$0.94 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Westinghouse Air Brake Technologies Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are up 13% from a week ago.

Valuation

Our analysis of Westinghouse Air Brake Technologies based on 6 different valuation metrics shows it might be overvalued. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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