Wabtec: Fourth Quarter Earnings Overview

Westinghouse Air Brake Technologies Announces Strong Q4 Results

Westinghouse Air Brake Technologies Corp. (Wabtec), headquartered in Pittsburgh, revealed on Wednesday that it achieved a net profit of $202 million for the fourth quarter.

The company reported earnings of $1.18 per share. After accounting for restructuring and amortization expenses, adjusted earnings reached $2.10 per share.

These figures surpassed analysts’ expectations, as the consensus from four analysts polled by Zacks Investment Research had predicted earnings of $2.07 per share.

Wabtec, a leading supplier of components for trains, subways, and buses, generated $2.97 billion in revenue for the quarter, exceeding the $2.86 billion forecasted by three Zacks analysts.

For the entire year, Wabtec posted a profit of $1.17 billion, or $6.83 per share, with total revenue amounting to $11.17 billion.

Looking ahead, the company anticipates full-year earnings to fall between $10.05 and $10.45 per share, with projected revenue ranging from $12.19 billion to $12.49 billion.