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.