Wabtec (WAB) Misses Q4 EPS by 2c, Reports Mixed FY Guidance

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Go back to Wabtec (WAB) Misses Q4 EPS by 2c, Reports Mixed FY Guidance

Wabtec Reports Results For 2017 4Q and Full Year, Issues 2018 Financial Guidance

February 20, 2018 8:14 AM EST

WILMERDING, Pa., Feb. 20, 2018 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE: WAB) today reported results for the 2017 fourth quarter and full year, and issued 2018 financial guidance.           

2017 SummaryIn the fourth quarter of 2017, Wabtec had sales of $1.08 billion and GAAP earnings per diluted share of 51 cents.  Excluding certain items related to the integration of Faiveley Transport (see discussion and reconciliation table below), the company had adjusted earnings per diluted share of 90 cents.

For the full year of 2017, Wabtec had sales of $3.88 billion and GAAP earnings per diluted share of $2.72.  Excluding certain items related... More