Westinghouse Air Brake Technologies (WAB) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined from the prior quarter. However, it rose compared to the same quarter last year.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined from the prior quarter. However, it rose compared to the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
-4.9%
Change from the immediately preceding quarter.
Year-over-year
+13.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $2B | +1.8% |
| Sep 30, 2022 | $2.1B | +9.1% |
| Dec 31, 2022 | $2.3B | +11.2% |
| Mar 31, 2023 | $2.2B | +13.9% |
Revenue performance
The sequential decline reversed a pattern of quarter-over-quarter increases seen in the preceding three quarters.
Quarterly comparison
Revenue fell relative to the immediately preceding quarter. Compared to the same quarter one year earlier, revenue was higher.
What to watch
Operating cash flow turned negative in the quarter, compared to a positive figure in the same period last year.