Wabtec Corporation recently released its investor presentation for 2024, highlighting its financial performance and outlook. The company's non-GAAP metrics show significant changes compared to the previous period.
The company reported a 7% increase in adjusted earnings per share (EPS) for the year 2023, reaching $4.25 compared to $3.98 in the prior year. This suggests an improvement in the company's profitability over the period.
Furthermore, Wabtec's adjusted operating margin saw a notable expansion, rising to 14.5% in 2023 from 13.2% in the prior year. This indicates an enhancement in the company's operational efficiency and cost management strategies.
Additionally, the company's adjusted free cash flow amounted to $640 million in 2023, marking a substantial surge from $405 million in the previous period. This demonstrates a significant increase in Wabtec's ability to generate cash from its operations.
Moreover, Wabtec's adjusted return on invested capital (ROIC) experienced a positive momentum, climbing to 9.8% in 2023 from 8.7% in the prior year. This signifies an improvement in the company's capital allocation and utilization.
If you want to know more, read the company's complete 8-K report here.
