Wabtec (WAB) Misses Q4 EPS by 5c; Offers FY21 EPS Guidance Below Consensus, FY21 Revenue Mid-Point Guidance Below Consensus, Renews $500M Buyback

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Wabtec Reports Fourth Quarter and Full-Year 2020 Results; Issues 2021 Financial Guidance

February 18, 2021 6:30 AM EST

Delivered Strong Cash Flow from Operations of $784 Million for 2020 Including ~$220 Million of One Time Cash Impacts; Returned ~$300 Million to Shareholders Fourth Quarter Reported GAAP Earnings Per Share of $0.46; Adjusted EPS of $0.98; Full Year GAAP Earnings Per Share of $2.17; Adjusted EPS of $3.79 Transit Adjusted Margin Ahead of Plan in 2020; Delivered 200 bps of Improvement On-track to Deliver $250 Million Run-Rate of Synergies in 2021 Book-to-Bill Strengthening with Key Orders for International Locomotives, Modernizations and Service Agreements Reauthorized Up to $500 Million of Share Buyback

 

PITTSBURGH--(BUSINESS... More