- Wabtec Corporation (WAB, Financial) reported Q1 2025 GAAP EPS of $1.88, a 22.9% increase from Q1 2024.
- The company posted adjusted EPS of $2.28, marking a 20.6% rise year-over-year.
- Wabtec upgraded its 2025 adjusted EPS guidance mid-point by $0.10, setting a new range of $8.35 to $8.95.
Wabtec Corporation (WAB) reported strong financial results for the first quarter of 2025, showcasing significant growth in earnings per share (EPS) and sales. The company achieved a GAAP diluted EPS of $1.88, reflecting a 22.9% increase from the same period last year. Furthermore, adjusted diluted EPS rose by 20.6% to $2.28 compared to Q1 2024.
Revenue for the quarter reached $2.61 billion, a 4.5% increase over the previous year's first quarter, driven by growth in both the Freight and Transit segments. The company's operating margins improved, with the GAAP operating margin at 18.2% and the adjusted operating margin climbing to 21.7%.
Wabtec's Freight segment experienced a 4.2% revenue increase to $1.901 billion, bolstered by a 16.9% rise in services. Additionally, Transit segment sales grew by 5.3% to $709 million, supported by increased original equipment and aftermarket sales.
The Pittsburgh-based company returned $141 million to shareholders in Q1 through $43 million in dividends and $98 million in share repurchases. With an eye on economic uncertainty, Wabtec has updated its 2025 adjusted EPS guidance, increasing the mid-point by $0.10 per share to a range of $8.35 to $8.95. The company's backlog also showed growth, with a 12-month backlog increasing by 6.3% to $8.196 billion.
