Wabtec (WAB) Misses Q4 EPS by 4c, Beats on Revenue, Offers FY24 EPS Guidance

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Go back to Wabtec (WAB) Misses Q4 EPS by 4c, Beats on Revenue, Offers FY24 EPS Guidance

Wabtec Reports Strong Fourth Quarter 2023 Results; Issues 2024 Full-Year Guidance

February 14, 2024 6:30 AM EST

GAAP Earnings Per Share of $1.20, Up 39.5%; Adjusted Earnings Per Share of $1.54, Up 18.5% Behind Sales Growth of 9.5% GAAP Operating Margin at 12.2%; Adjusted Operating Margin Up 1.7 pts to 17.0% Fourth Quarter Operating Cash Flow of $686 Million; Full-Year Cash Flow from Operations up 15.7% to $1.20 Billion Announced $1.0 Billion Share Buyback Authorization and 17.6% Increase in Quarterly Dividend Issues 2024 Financial Guidance of Adjusted EPS Between $6.50 to $6.90; Up 13.2% at the Mid-Point

PITTSBURGH--(BUSINESS... More