Wabtec (WAB) Tops Q1 EPS by 12c; Affirms Outlook
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Wabtec Reports Results For 1Q, Affirms Guidance
April 25, 2017 7:15 AM EDTWILMERDING, Pa., April 25, 2017 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE: WAB) today reported results for the first quarter and affirmed its financial guidance for 2017.
2017 First Quarter
During the quarter, Wabtec acquired the remaining shares of Faiveley Transport and made progress on the integration. Also during the quarter Wabtec acquired Aero Transportation Products, a manufacturer of hatch covers and outlet gates for freight cars with annual sales of about $40 million; and announced the signing of a $97 million contract to provide signaling and communications services to TEX Rail, a new... More