Wabtec (WAB) Tops Q2 EPS by 2c
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Wabtec Reports Record Quarterly Sales and Earnings; 2Q EPS of $1.04, Up 14 Percent; Affirms Full-Year EPS Guidance
July 23, 2015 8:03 AM EDTWILMERDING, Pa., July 23, 2015 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE: WAB) today reported record results for the 2015 second quarter, including the following:
Second quarter sales were a record $847 million, 16 percent higher than the year-ago quarter, due to strong growth in the Freight segment.Income from operations was a record $156 million, or 18.4 percent of sales, compared to 18.1 percent in the year-ago quarter.Earnings per diluted share were a record $1.04, which was 14 percent higher than the year-ago quarter.Cash flow from operations in the quarter was $67 million. At June 30,... More