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Wabtec CORPORATION News Release Wabtec Reports 2nd Quarter 2021 Results ; Updates 2021 Guidance Strong Cash Flow from Operations of $ 223 Million ; Year - to - Date Cash Flow From Operations of $ 515 Million ● Second Quarter Reported GAAP Earnings Per Share of $ 0.66 ; Adjusted EPS of $ 1.06 Raising Full - Year Sales , GAAP EPS and Adjusted EPS Guidance 12 - month Backlog Highest Since 2nd Quarter 2019 ; Year - To - Date Book - To - Bill Above 1.0 On - track to Deliver $ 250 Million Run - Rate of Synergies From GE Transportation Merger in 2021 PITTSBURGH , July 29 , 2021 - Wabtec Corporation ( NYSE : WAB ) today reported second quarter 2021 earnings per diluted share of $ 0.66 and adjusted earnings per diluted share of $ 1.06 , versus earnings per diluted share of $ 0.46 and adjusted earnings per diluted share of $ 0.87 a year ago . Total sales were $ 2.0 billion and cash from operations was strong at $ 223 million . " Our team delivered strong execution in the second quarter and strengthened our financial position , despite severe disruption in India stemming from the pandemic , continued challenges in our OE end - markets and inflationary pressures globally , " said Rafael Santana , Wabtec's president and chief executive officer . " As a result of this performance and the team's disciplined execution , coupled with our solid balance sheet , strong cash flow , backlog and the outlook for the remainder of the year , we're raising Wabtec's full - year revenue and earnings per share guidance , and are confident we will continue to position the company for long - term profitable growth . " 2021 Financial Guidance Wabtec updated its 2021 sales guidance to a range of $ 7.9 billion to $ 8.2 billion , GAAP earnings per diluted share guidance to between $ 2.87 to $ 3.07 and adjusted earnings per diluted share to between $ 4.15 to $ 4.35 . The adjusted guidance excludes estimated expenses for restructuring , transaction and amortization expenses . With cost actions and synergies stemming from the Wabtec and GE Transportation merger on - track , we expect to achieve a run rate savings of $ 250 million in 2021 , as well as margin expansion through continued cost actions . For full year 2021 , Wabtec expects strong cash flow generation with operating cash flow conversion greater than 90 % . 2021 Second Quarter Consolidated Results Sales were $ 2.0 billion versus $ 1.7 billion in the same period a year ago . Organic sales increased by $ 153 million , while acquisitions added sales of $ 38 million and favorable