Wabtec (WAB) Tops Q3 EPS by 5c, Revenues Beat; Updates FY20 EPS/Revenue Guidance
Get Alerts WAB Hot Sheet
Revenue Growth %: +14.2%
Financial Fact:
Selling, general and administrative expense: -70.76M
Today's EPS Names:
FRSB, DGICA, UXIN, More
Join SI Premium – FREE
Wabtec (NYSE: WAB) reported Q3 EPS of $0.95, $0.05 better than the analyst estimate of $0.90. Revenue for the quarter came in at $1.87 billion versus the consensus estimate of $1.79 billion.
- Delivered Strong GAAP Cash Flow from Operations of $230 Million
- Third Quarter Reported GAAP Earnings Per Share of $0.67; Adjusted EPS of $0.95
- Third Quarter Reported GAAP Income from Operations of $207 Million (11.1% Margin); Adjusted Income from Operations of $293 Million (15.7% Margin)
- On-track to deliver $150 Million Net Synergies in 2020
“Wabtec had a strong operational third quarter in the face of a challenging and dynamic environment,” said Rafael Santana, Wabtec’s president and chief executive officer. “Our team continued to deliver for our customers, while driving strong cash generation, aggressively reducing costs and executing on our $150 million net synergy targets for 2020.
“We are seeing signs of recovery across some of our international end-markets. While our North American OE markets are transitioning through trough, global freight volumes and equipment utilization continue to improve from the lows in the second quarter. Global transit service levels are also improving. These directional trends, along with our backlog and strong order pipeline are encouraging. The strength of our business portfolio, combined with the focused performance of our team, positions us well for a strong order recovery.”
GUIDANCE:
Wabtec sees FY2020 EPS of $3.75-$3.85, versus the consensus of $3.77. Wabtec sees FY2020 revenue of $7.5-7.6 billion, versus the consensus of $7.49 billion.
For earnings history and earnings-related data on Wabtec (WAB) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gilead Sciences (GILD) Misses Q1 EPS by 288c
- Wabtec (WAB) PT Raised to $185 at KeyBanc
- Wabtec (WAB) PT Raised to $180 at Stephens
Create E-mail Alert Related Categories
Corporate News, Earnings, Guidance, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!