Wabtec Earns $1.05 per Share

This morning, Wabtec (WAB) reported Q1 earnings of $1.05 per share. That was five cents better than Wall Street’s estimates. Quarterly revenues fell 5.7% to $772.03 million. That was below the consensus of $798.86 million.

Raymond T. Betler, Wabtec’s president and chief executive officer, said: “We continue to expect another record earnings year, even as we face challenges in some of our key markets. We are responding to these challenges with aggressive cost- and efficiency-improvement programs, while continuing to invest in growth opportunities around the world. We remain optimistic about our long-term prospects and expect to continue to benefit from our diversified business model, balanced growth strategies and rigorous application of the Wabtec Performance System.”

Wabtec reaffirmed their 2016 guidance of $4.30 to $4.50 per share.

Posted by on April 26th, 2016 at 8:46 am


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