wabtec investor call

So it's, there's certainly an element of opportunity here to continue to drive growth there and being a significant part of what we do.Second quarter EPS had a GAAP EPS earnings per diluted share of $0.54 and an adjusted EPS of about $1.06. Our adjusted income from operations of about $1.2 billion, and adjusted earnings per diluted share between $4.10 and $4.20.Good morning. But we have nothing that we're working on right now or have plans for that right now.Okay, helpful. And those tend to be a little more volatile in terms of the timing, but we are working to make sure that we improve that pipeline.With that in mind, so let me move into Transit. They need to be running better competitions, and I think we're seeing the opportunity to grow our services business as a result of that.And finally, it's a company with a proven leadership team that is managed successfully through the cycle, with the right levers in place to deliver continuous lean improvement and drive improved productivity. First I'd like to start by welcoming Kristine to the team. Are you seeing any shift in competitive intensity or maybe do you anticipate any change down the road when we head up into a new up cycle?So the decline any electronic sales you would definitely correlate to the, to the change in PTC demand.

Even in light of the aforementioned market challenges, we believe this guidance is achievable as we focus on controlling what we can, which means focusing and accelerating our cost actions and synergies into the year-end.Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.Next we have Justin Long of Stephens.So just continued work early days some improvement in the quarter, a lot of work ahead of us.Good day and welcome to the Wabtec Second Quarter 2018 Earnings Release Conference Call. And we like the portfolio we have in terms of the opportunities. To listen via webcast, go to Wabtec’s new website at www.WabtecCorp.com and click on “Events & Presentations” in the “Investor Relations” section. In some cases, we ship a lot of the kits and what the railroads will do, they'll utilize the fact that they might have capacity available in their shops to do a lot of what I call assembly and apply the labor hours to get more I'll call efficiency and level loads in their plants.Understood.

Maybe talk to that, just given some of the OEM mix headwinds that seem implied in the quarter.That's the benefit to cash from operations. Again, I'll point and ask you to see our reconciliation table for the details. Included in this release are reconciliation tables that provide details about how adjusted results relate to GAAP results.At June 30, Wabtec’s total, multi-year backlog was $21.4 billion, down slightly from backlog at March 31, 2020 due in part to $137 million of negative impacts from foreign currency exchange rates. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions.

You only had about a month of recurring PPA in the first quarter with that, that with favorable mix where you, most of your revenue was kind of delivered for the quarter in the five weeks with Wabtec.Okay.

But do you still expect positive year-over-year growth in domestic locomotive orders in to two half '19 or is that less likely due to just the idle equipment that's out there?Yeah, what I'll tell you is we are growing that specific product line by double-digits into this year. Second, in the second quarter. Is there the opportunity to potentially grow that program as we move into 2020 to offset maybe continued headwinds in terms of North American new locomotive orders?Right, but you report the back half the same way you did this quarter, right?We've been there in the past, there is clearly opportunity. We will also disclose non-GAAP financial metrics and encourage you to read our disclosures and reconciliation tables carefully as you consider these metrics.We are focused on controlling what we can.

So it's not, it's a slight decline, but I was just wondering if it may be partly a function of customers wanting to push out deliveries or if there are any discussions of that sort going on?So looking at sales, the sales for the second quarter were $2.24 billion, adjusted sales were $2.25 billion, excluding the effects -- that adjustment is excluding the effects of accounting policy harmonization. Good morning everyone, and welcome to Wabtec Second Quarter Earnings Call.

Good … And then obviously Transit margin is a nice improvement. To listen via webcast, go to Wabtec’s new website at www.WabtecCorp.com and click on “Events & …

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