Wabtec Reports Second Quarter 2020 Results; Provides Guidance for 2020
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Wabtec (WAB) Tops Q2 EPS by 12c, Revenues Beat; Offers FY20 EPS/Revenue Guidance
July 28, 2020 6:34 AM EDTWabtec (NYSE: WAB) reported Q2 EPS of $0.87, $0.12 better than the analyst estimate of $0.75. Revenue for the quarter came in at $1.74 billion versus the consensus estimate of $1.7 billion.
Delivered Strong GAAP Cash Flow from Operations of $311 MillionSecond Quarter Reported GAAP Earnings Per Share of $0.46; Adjusted EPS of $0.87Second Quarter Reported GAAP Income from Operations of $159 Million (9.2% Margin); Adjusted Income from Operations of $262 Million (15.1% Margin)Over $70 Million in Net Synergies Realized Year-To-Date; On-track to deliver $150 Million Net Synergies in 2020Rafael Santana, Wabtecs president and chief executive officer, said: Wabtec... More
