Wabtec (WAB) Tops Q2 EPS by 10c; Raises Outlook

Wabtec (NYSE: WAB) reported Q2 EPS of $1.06, $0.10 better than the analyst estimate of $0.96. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.87 billion.

“Our team delivered strong execution in the second quarter and strengthened our financial position, despite severe disruption in India stemming from the pandemic, continued challenges in our OE end-markets and inflationary pressures globally,” said Rafael Santana, Wabtec’s president and chief executive officer. “As a result of this performance and the team’s disciplined execution, coupled with our solid balance sheet, strong cash flow, backlog and the outlook for the remainder of the year, we’re raising Wabtec’s full-year revenue and earnings per share guidance, and are confident we will continue to position the company for long-term profitable growth.”

GUIDANCE:

Wabtec sees FY2021 EPS of $4.15-$4.35, versus the consensus of $4.18. Wabtec sees FY2021 revenue of $7.9-8.2 billion, versus the consensus of $7.82 billion.

For earnings history and earnings-related data on Wabtec (WAB) click here.

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