Wabtec (WAB) Tops Q1 EPS by 18c, Revenues Beat; Affirms FY19 EPS Mid-Point Guidance Below Consensus, FY19 Revenue Guidance Above Consensus

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Go back to Wabtec (WAB) Tops Q1 EPS by 18c, Revenues Beat; Affirms FY19 EPS Mid-Point Guidance Below Consensus, FY19 Revenue Guidance Above Consensus

Wabtec Reports 1Q Results, Affirms Adjusted Guidance

April 25, 2019 7:30 AM EDT

WILMERDING, Pa., April 25, 2019 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE: WAB) today reported a loss per diluted share of $0.04 and adjusted earnings per diluted share of $1.06 in the 2019 first quarter (see reconciliation table).  The company said it generated cash from operations of $31 million for the quarter. Wabtec also affirmed its full-year guidance for sales and adjusted earnings per diluted share.  

Raymond T. Betler, Wabtecs president and chief executive officer, said:  Our first-quarter adjusted results represent a solid start to the year, and were well positioned to meet our financial targets in 2019 based on our... More