Wabtec Earned 90 Cents per Share for Q4

This morning, Wabtec (WAB) reported Q4 earnings of 90 cents per share. That’s not much of a surprise since that’s what they had told us to expect. For the year, WAB made $3.43 per share.

Last year was a tough one for Wabtec, but it was also promising considering the integration of Faiveley.

Raymond T. Betler, Wabtec’s president and chief executive officer, said: “After a year of transition in 2017, during which we made excellent progress on the Faiveley integration and continued to invest in our worldwide growth opportunities, we are confident the company is positioned for improved performance in 2018. We have a record backlog, we’re seeing improvements in the freight aftermarket, and our Wabtec Excellence Program provides the fuel to increase margins over time. We are committed to achieving our 2018 plan and excited about Wabtec’s long-term growth prospects.”

For 2018, Wabtec expects sales to be about $4.1 billion and adjusted EPS to be about $3.80. They said they expect Q1 to be about the same as Q4, meaning 90 cents per share.

Update: Wall Street seems happy with the report. At mid-day, WAB is up about 4.7%.

Posted by on February 20th, 2018 at 8:24 am


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