Wabtec Reports First Quarter 2021 Results; Updates 2021 Guidance
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Wabtec (WAB) Tops Q1 EPS by 3c, Revenues Miss; Offers FY21 EPS Mid-Point Guidance Above Consensus, Provides FY21 Revenue Outlook
April 29, 2021 6:34 AM EDTWabtec (NYSE: WAB) reported Q1 EPS of $0.89, $0.03 better than the analyst estimate of $0.86. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.85 billion.
Delivered Strong Cash Flow from Operations of $292 MillionFirst Quarter Reported GAAP Earnings Per Share of $0.59; Adjusted EPS of $0.89Converted Key Long-term Orders, Strengthening Book-to-BillExpanded Into Global Maintenance of Way Market with Strategic Acquisition of NordcoOn-track to Deliver $250 Million Run-Rate of... More