Wabtec Earned 84 Cents per Share

Two more earnings reports today. Stryker (SYK) will report after the close and Wabtec (WAB) reported this morning. For Q1, the company earnings 84 cents per share. That beat Wall Street’s estimates by two cents. This is a nice rebound from the awful quarter they had for Q4. I should add that during the quarter, Wabtec completed its acquisition of Faiveley.

Wabtec also reiterated its full-year guidance numbers. They expect revenue of about $4.1 billion, and EPS between $3.95 and $4.15.

Raymond T. Betler, Wabtec’s president and chief executive officer, said: “Our first quarter adjusted earnings were in line with expectations, and we expect improvement during the year. As we work to integrate Faiveley and our other recent acquisitions, we are managing our costs aggressively based on market conditions. We continue to invest in our balanced growth strategies and expect to benefit from our diversified business model and rigorous application of the Wabtec Excellence Program.”

The stock is up about 2.7% in today’s trading.

Posted by on April 25th, 2017 at 11:34 am


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