Wabtec Delivers Strong Second Quarter 2023 Results; Raises Full-Year Guidance

• 销售增长17%.5% to $2.41 Billion; Freight Segment Sales Growth of 14.6%，过境段销售增长25%.3%
• 第二季度报告的GAAP每股收益为1美元.06, Up 16.5%; Adjusted Earnings Per Share of $1.41, Up 14.6%
• 将全年调整后每股收益中值从同比增长10%上调至同比增长16%
• 战略收购L&M散热器

匹兹堡，2023年7月27日 – 迪士尼3彩乐园 (纽交所: WAB) today reported second quarter 2023 GAAP earnings per diluted share of $1.06, up 16.与2022年第二季度相比增长了5%. 调整后每股摊薄收益为1美元.41, up 14.比去年同期增长了6%. 第二季度的销售额为2美元.410亿，上升了17亿.与去年第二季度相比增长了5%, 在货运和运输部门强劲销售的推动下. 公司在2023年第二季度产生了1.15亿美元的运营现金流.

“The Wabtec team delivered another strong quarter and continues to drive increased momentum across the portfolio while delivering double-digit earnings per share growth,拉斐尔·桑塔纳说, Wabtec的总裁兼首席执行官. “我们的基本业务基本面强劲, 再加上我们对执行力的不懈关注, 我们能够为我们的客户和股东提供服务. 我们还通过完成对L .的战略性收购，利用了我们强大的资产负债表&同时通过股票回购和分红向股东返还超过1亿美元.

“展望未来, 我们正在建立动力, 我们跨部门和地区的商业活动的步伐正在加快. 与此同时, our orders pipeline is expected to strengthen as we look out to the second half of 2023 and beyond. 除其他因素外，这些因素使我们有信心提高2023年全年的指导. 我们差异化的产品组合, 扩大全球安装基础, and multi-year backlog bolsters our resiliency while driving long-term profitable growth for our shareholders.”

2023年第二季度综合业绩

• 销售额增长17%.5% compared to the year-ago quarter driven by increased sales across the Freight and 交通 segments.
• GAAP营业利润率与上年持平，为12%.调整后的营业利润率为16%，略低于上年.4%. GAAP和调整后的营业利润率均受益于较低的SG&费用占销售额的百分比和由于销售额增加而增加的固定成本吸收, 由部门之间和部门内部的不利混合抵消.
• GAAP每股收益和调整后每股收益较上年同期增长，主要是由于销售额增加, 部分被较高的利息支出所抵消.

2023年第二季度货运板块业绩

• 第二季度货运部门的销售额在所有主要产品线中都有所增长, 组件业务增长强劲, 数码情报及服务.
• GAAP营业利润率和调整后营业利润率受益于较低的SG&A expense as a percentage of sales and improved fixed cost absorption, offset by unfavorable mix.

2023年第二季度公交段业绩

• 第二季度，捷运部门的销量增长了25%.3%由于强劲的OE和售后市场销售.
• 由于SG下降，GAAP和调整后的营业利润率上升&费用占销售额和集成的百分比.0储蓄.

待办事项列表

该公司多年的积压继续提供强大的知名度.  截至2023年6月30日，12个月的积压订单比2022年6月30日高出6.54亿美元.  6月30日, 2023, 多年的积压订单比6月30日减少了7.96亿美元, 2022年，不包括外汇兑换, 多年的积压减少了9.65亿美元, 下4.2%.

现金流量和流动性汇总

• 在第二季度, cash provided by operations was $115 million versus $263 million in the year ago period due primarily to higher working capital.
• 在本季度末, 公司有现金, 现金等价物和限制现金为3.71亿美元，债务总额为4美元.390亿年. 截至2023年6月30日，公司的可用流动资金总额为1美元.750亿美元，其中包括现金和现金等价物加上1美元.目前的信贷额度为380亿美元.
• 在第二季度，公司完成了对L&以2.23亿美元的价格收购M散热器，回购了7500万美元的股票，并支付了3100万美元的股息.

2023年财务指引

• Wabtec更新了其2023年的财务指导，预计销售额在9美元的范围内.250亿美元到9亿美元.500亿美元，调整后每股摊薄收益在5美元左右.50 to $5.80.
• 2023年全年, Wabtec expects cash flow generation with operating cash flow conversion of greater than 90 percent.

电话会议信息

Wabtec将在上午8点30分召开分析师和k8彩乐园app官网下载电话会议.m. 等,今天.  要通过网络广播收听，请访问Wabtec的新网站 www.WabtecCorp.com 点击“事件” & “k8彩乐园app官网下载关系”部分的“演示文稿”.  也, an audio replay of the call will be available by calling 1-877-344-7529 or 1-412-317-0088 (access code: 7103421).

关于Wabtec

迪士尼3彩乐园 (纽交所: WAB) is revolutionizing the way the world moves for future generations. 该公司是全球领先的设备供应商, 系统, 为货运和轨道交通行业提供数字化解决方案和增值服务, 还有采矿, 船舶及工业市场. Wabtec has been a leader in the rail industry for over 150 years and has a vision to achieve a zero-emission rail system in the U.S. 在世界范围内. 访问Wabtec的网站 intranet.azarnewsonline.com.

有关非公认会计准则财务信息和前瞻性声明的信息

Wabtec’s earnings release and 2023 financial guidance mentions certain non-GAAP financial performance measures, 包括调整后毛利, 调整后的营业费用, 调整后营业利润率, 息税前利润, 调整后的息税前利润, 调整后的有效税率, 调整后的所得税费用, 调整后营业收入, 调整后的利息和其他费用, 调整后摊薄每股收益和经营现金流转换. Wabtec is not presenting a quantitative reconciliation of our forecasted GAAP earnings per diluted share to forecasted adjusted earnings per diluted share as we are unable to predict with reasonable certainty and without unreasonable effort the impact and timing of restructuring-related and other charges, 包括收购相关费用和某些监管结果, 法律及税务事宜. 这些项目的财务影响是不确定的，取决于各种因素, 包括时间, 并可能对我们的综合收益报表产生重大影响. Wabtec将息税前利润定义为利息、税项、折旧和摊销前的收益. 调整后息税前利润通过重组成本进一步调整. Wabtec defines operating cash flow conversion as net cash provided by operating activities divided by net income plus depreciation and amortization including deferred debt cost amortization. 虽然Wabtec认为这些是对k8彩乐园app官网下载有用的补充措施, 它们不是按照公认会计准则提出的. k8彩乐园app官网下载不应单独考虑非公认会计准则指标，也不应将其作为净收入的替代品, 经营现金流量, 或其他按照公认会计准则计算的项目. 除了, the non-GAAP financial measures included in this release have inherent material limitations as performance measures because they add back certain expenses incurred by the 公司 to GAAP financial measures, resulting in those expenses not being taken into account in the applicable non-GAAP financial measure. 因为并非所有公司都使用相同的计算方法, Wabtec’s presentation of non-GAAP financial measures may not be comparable to other similarly titled measures of other companies.  Included in this release are reconciliation tables that provide details about how adjusted results relate to GAAP results.

This communication contains “forward-looking” statements as that term is defined in Section 27A of the Securities Act of 1933, 修订的, 以及1934年证券交易法第21E条, 经1995年《迪士尼3彩乐园》修订, 包括有关Wabtec收购影响的声明, 关于Wabtec对未来销售和收益预期的声明, 关于订单管道预期的声明, 有关预期现金流量产生及经营性现金流量转换的报表, 以及关于不断变化的全球环境对瓦伯泰克业务影响的声明. 所有的报表, 除了历史事实, including statements regarding synergies and other expected benefits from acquisitions; statements regarding Wabtec’s plans, 目标, expectations and intentions; and statements regarding macro-economic conditions and evolving production and demand conditions; and any assumptions underlying any of the foregoing, 是前瞻性陈述吗?. Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words “may,”“会,”“应该,”“潜在,”“意愿,”“希望,”“努力,”“找,”“预测,”“估计,”“高估,”“低估,”“相信,”“可以,”“项目,”“预测,”“继续,“目标”或其他类似的单词或短语. 前瞻性陈述基于当前计划, 受风险影响的估计和期望, 不确定性和假设. 这些风险或不确定性中的一个或多个应该成为现实吗, 或者潜在的假设被证明是不正确的, actual results may vary materially from those indicated or anticipated by such forward-looking statements. 列入这类声明不应被视为表示这类计划, 估计或期望将被实现. 可能导致实际结果与此类计划存在重大差异的重要因素, 估计或期望包括, 等, (1)总体经济和/或行业特定情况的变化, 包括税收和关税计划的影响, 通货膨胀, 供应链中断, 外币兑换, and industry consolidation; (2) changes in the financial condition or operating strategies of Wabtec’s customers; (3) unexpected costs, charges or expenses resulting from acquisitions and potential failure to realize synergies and other anticipated benefits of acquisitions, including as a result of integrating acquired targets into Wabtec; (4) inability to retain and hire key personnel; (5) evolving legal, regulatory and tax regimes; (6) changes in the expected timing of projects; (7) a decrease in freight or passenger rail traffic; (8) an increase in manufacturing costs; (9) actions by third parties, including government agencies; (10) the severity and duration of the evolving COVID-19 pandemic and the resulting impact on the global economy and, 特别是, 我们的客户, 供应商及终端市场, (11)潜在的破坏, 不稳定, and volatility in global markets from the imposition of economic sanctions on Russia resulting from the invasion of Ukraine; (12) cybersecurity and data protection risks and (13) other risk factors as detailed from time to time in Wabtec’s reports filed with the SEC, 包括迪士尼3彩乐园的10-K表格年度报告, 按10-Q表格定期提交季度报告, 8-K表格的最新报告和向SEC提交的其他文件. 上述列出的重要因素并不是排他性的. 任何前瞻性陈述仅适用于本新闻稿发布之日. 威博泰克不承担更新任何前瞻性陈述的义务, 无论是新信息还是新发展的结果, 未来事件或其他, 除非法律要求. 请读者不要过分依赖这些前瞻性陈述.