Westinghouse Air Brake Technologies Corporation stock research
FY2024 Q2
Westinghouse Air Brake Technologies (WAB) Gross Margin — Quarter Ended Jun 30, 2024
Revenue and gross profit both increased compared to the prior quarter and the same quarter a year earlier. The rise in gross profit outpaced the increase in revenue, leading to an improvement in gross margin.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue and gross profit both increased compared to the prior quarter and the same quarter a year earlier. The rise in gross profit outpaced the increase in revenue, leading to an improvement in gross margin.
- The strongest observable driver of the margin improvement was the faster growth of gross profit relative to revenue. No additional explanation is provided in the filing.
- Gross margin strengthened from the previous quarter and from the same quarter one year ago, reflecting higher gross profit relative to revenue in both comparisons.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
33.1%
Gross profit
$874.0M
Revenue
$2.6B
Cost of revenue
$1.8B
Quarter-over-quarter change
+0.4 pts
Year-over-year change
+3.0 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2023 | $2.5B | $792.0M | $1.8B | 31.1% |
| Dec 31, 2023 | $2.5B | $764.0M | $1.8B | 30.2% |
| Mar 31, 2024 | $2.5B | $815.0M | $1.7B | 32.6% |
| Jun 30, 2024 | $2.6B | $874.0M | $1.8B | 33.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+0.4 pts
Year-over-year change
Jun 30, 2023
+3.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver of the margin improvement was the faster growth of gross profit relative to revenue. No additional explanation is provided in the filing.
Gross margin strengthened from the previous quarter and from the same quarter one year ago, reflecting higher gross profit relative to revenue in both comparisons.
Monitor the trend of cost of revenue growth relative to revenue growth to assess whether the margin improvement can be sustained.