# WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (WAB) FY2024 Q3 P&L / Income Statement

- Company: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (WAB)
- Period: 2024-07-01 to 2024-09-30
- Filing: Q3 FY2024 10-Q, filed 2024-10-23, accession number 0001628280-24-043365
- Page: https://plicit.ai/financials/wab/fy2024-q3-income-statement
- Chart image: https://plicit.ai/charts/wab-fy2024-q3-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2024-07-01 through 2024-09-30. View: Product and service. Revenue and costs use their disclosed categories.

- **Total net sales**: 2,663,000,000 US dollars
- **Total cost of sales**: 1,783,000,000 US dollars
- **Gross profit**: 880,000,000 US dollars
- **Total operating expenses**: 447,000,000 US dollars
- **Income from operations**: 433,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 55,000,000 US dollars
- **Income before income taxes**: 378,000,000 US dollars
- **Income tax expense**: 92,000,000 US dollars
- **Net income**: 286,000,000 US dollars
- **Goods revenue**: 2,171,000,000 US dollars
- **Services revenue**: 492,000,000 US dollars
- **Goods cost of revenue**: 1,512,000,000 US dollars
- **Services cost of revenue**: 271,000,000 US dollars
- **Selling, general and administrative expenses**: 318,000,000 US dollars
- **Engineering expenses**: 50,000,000 US dollars
- **Amortization expense**: 79,000,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Of which attributable to WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION: $283.00 M; to noncontrolling interests: $3.00 M.

## Chart details: Revenue by Business Segment (2 categories)

- Page: https://plicit.ai/financials/wab/fy2024-q3-income-statement/revenue-by-business-segment-2-categories
- Chart image: https://plicit.ai/charts/wab-fy2024-q3-revenue-by-business-segment-2-categories-sankey.png

Income statement for 2024-07-01 through 2024-09-30. View: Business segment (2 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total net sales**: 2,663,000,000 US dollars
- **Total cost of sales**: 1,783,000,000 US dollars
- **Gross profit**: 880,000,000 US dollars
- **Total operating expenses**: 447,000,000 US dollars
- **Income from operations**: 433,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 55,000,000 US dollars
- **Income before income taxes**: 378,000,000 US dollars
- **Income tax expense**: 92,000,000 US dollars
- **Net income**: 286,000,000 US dollars
- **Freight Segment**: 1,930,000,000 US dollars
- **Transit Segment**: 733,000,000 US dollars
- **Selling, general and administrative expenses**: 318,000,000 US dollars
- **Engineering expenses**: 50,000,000 US dollars
- **Amortization expense**: 79,000,000 US dollars
- **Freight Segment costs (calculated)**: 1,552,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Transit Segment costs (calculated)**: 677,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Reconciling items (calculated)**: 1,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Of which attributable to WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION: $283.00 M; to noncontrolling interests: $3.00 M.

## Chart details: Revenue by Business Segment (3 categories)

- Page: https://plicit.ai/financials/wab/fy2024-q3-income-statement/revenue-by-business-segment-3-categories
- Chart image: https://plicit.ai/charts/wab-fy2024-q3-revenue-by-business-segment-3-categories-sankey.png

Income statement for 2024-07-01 through 2024-09-30. View: Business segment (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total net sales**: 2,663,000,000 US dollars
- **Total cost of sales**: 1,783,000,000 US dollars
- **Gross profit**: 880,000,000 US dollars
- **Total operating expenses**: 447,000,000 US dollars
- **Income from operations**: 433,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 55,000,000 US dollars
- **Income before income taxes**: 378,000,000 US dollars
- **Income tax expense**: 92,000,000 US dollars
- **Net income**: 286,000,000 US dollars
- **Freight Segment**: 1,942,000,000 US dollars
- **Transit Segment**: 756,000,000 US dollars
- **Selling, general and administrative expenses**: 318,000,000 US dollars
- **Engineering expenses**: 50,000,000 US dollars
- **Amortization expense**: 79,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 2,698,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Corporate Activities and Elimination**: negative 35,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Freight Segment costs (calculated)**: 1,552,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Transit Segment costs (calculated)**: 677,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Reconciling items (calculated)**: 1,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION: $283.00 M; to noncontrolling interests: $3.00 M.

## Chart details: Revenue by Business Segment by Product and Service

- Page: https://plicit.ai/financials/wab/fy2024-q3-income-statement/revenue-by-business-segment-by-product-and-service
- Chart image: https://plicit.ai/charts/wab-fy2024-q3-revenue-by-business-segment-by-product-and-service-sankey.png

Income statement for 2024-07-01 through 2024-09-30. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total net sales**: 2,663,000,000 US dollars
- **Total cost of sales**: 1,783,000,000 US dollars
- **Gross profit**: 880,000,000 US dollars
- **Total operating expenses**: 447,000,000 US dollars
- **Income from operations**: 433,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 55,000,000 US dollars
- **Income before income taxes**: 378,000,000 US dollars
- **Income tax expense**: 92,000,000 US dollars
- **Net income**: 286,000,000 US dollars
- **Freight Segment - Equipment**: 513,000,000 US dollars
- **Freight Segment - Services**: 917,000,000 US dollars
- **Freight Segment - Components**: 296,000,000 US dollars
- **Freight Segment - Digital Intelligence**: 204,000,000 US dollars
- **Transit Segment - Aftermarket**: 384,000,000 US dollars
- **Transit Segment - Original Equipment Manufacturer**: 349,000,000 US dollars
- **Selling, general and administrative expenses**: 318,000,000 US dollars
- **Engineering expenses**: 50,000,000 US dollars
- **Amortization expense**: 79,000,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Of which attributable to WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION: $283.00 M; to noncontrolling interests: $3.00 M.