UPDATE: Wabtec (WAB) Tops Q3 EPS by 4c, Offers FY Guidance
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Wabtec Reports Results For 3Q, Updates Guidance
October 24, 2017 8:43 AM EDTWILMERDING, Pa., Oct. 24, 2017 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE: WAB) today reported results for the third quarter and updated its financial guidance for 2017.Â
2017 Third Quarter Consolidated Results
Sales were $958 million, a 42 percent increase compared to the year-ago quarter, as sales from acquisitions, mainly in the Transit Group, more than offset slightly lower organic sales. Changes in foreign exchange rates increased sales by $7 million compared to the year-ago quarter.Income from operations was $102 million including expenses of $20 million for contract adjustments and $6 million for restructuring and integration... More