Wabtec Reports First Quarter 2020 Results

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Go back to Wabtec Reports First Quarter 2020 Results

Wabtec (WAB) Reports In-Line Q1 EPS, Revenues Miss; Withdraws FY20 Financial Guidance

May 4, 2020 6:57 AM EDT

Wabtec (NYSE: WAB) reported Q1 EPS of $0.97, in-line with the analyst estimate of $0.97. Revenue for the quarter came in at $1.93 billion versus the consensus estimate of $2.03 billion.

First Quarter Reported GAAP Earnings Per Share of $0.58; Adjusted EPS of $0.97First Quarter Reported GAAP Income From Operations of $217 Million (11.3% Margin); Adjusted Income From Operations of $303 Million (15.7% Margin)Strong Financial Position with Available Liquidity of About $1.2 Billion at Quarter Close; Additional Actions Post Quarter Further Enhanced Liquidity by $600 MillionMulti-Year Backlog of $22 Billion Provides Forward Visibility

2020 First Quarter Consolidated... More