Wabtec (WAB) Raises Quarterly Dividend 13.3% to $0.17; $750M Buyback Announced

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Go back to Wabtec (WAB) Raises Quarterly Dividend 13.3% to $0.17; $750M Buyback Announced

Wabtec Reports Strong Fourth Quarter 2022 Results

February 15, 2023 6:30 AM EST

Sales Growth of 11.2% to $2.31 Billion; Sales Up 15.7% Excluding Impacts of Foreign Currency Exchange Fourth Quarter Reported GAAP Earnings Per Share of $0.86; Adjusted Earnings Per Share of $1.30 Fourth Quarter Operating Cash Flow of $410 Million; Full-Year Operating Cash Flow of $1.04 Billion Announced $750 Million Share Buyback Reauthorization and 13% Increase in Quarterly Dividend Strong Visibility From $22.4 Billion Multi-Year Backlog

PITTSBURGH--(BUSINESS... More