Wabtec (WAB) Reports In-Line Q3 EPS
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Wabtec Reports Strong Sales and EPS Growth for 3Q, Affirms Full-Year EPS Guidance
October 30, 2018 7:40 AM EDTWILMERDING, Pa., Oct. 30, 2018 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE: WAB) today reported strong sales and EPS growth for the 2018 third quarter and affirmed its full-year EPS guidance.Â
2018 Third Quarter Consolidated Results
Sales were $1.08 billion, 13 percent higher than the year-ago quarter. Compared to the year-ago quarter, organic sales increased $107 million and acquisitions increased sales $32 million, while changes in foreign currency exchange rates decreased sales by $20 million.Income from operations was $125 million including expenses of $11 million related to the proposed GE Transportation merger, restructuring actions and a tax law... More