Edited Transcript of WAB earnings conference call or presentation 31-Oct-19 2:00pm GMT [Yahoo! Finance News]
Westinghouse Air Brake Technologies Corporation (WAB)
Last westinghouse air brake technologies corporation earnings: 2/18 06:58 am
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Edited Transcript of WAB earnings conference call or presentation 31-Oct-19 2:00pm GMT In line with our goal to drive continued margin expansions, we saw improvement in our adjusted consolidated margin as a result of a higher freight mix in aftermarket, along with early traction on our synergy and cost actions. We will continue to take action on improved project execution, and we remain laser-focused on the prioritization of resources and prudent capital allocation. Cost reductions and synergy actions stemming from the Wabtec and GE Transportation merger are also ahead of plan. This is the result of several actions, including a reduction of direct and indirect spend, efforts to consolidate over a million square feet across of our facility footprint, and the discontinuation of several shared service contracts with GE ahead of schedule. I am encouraged by what we have accomplished so far, and we remain confident that we will deliver a total of $250 million in synergies before 2022. Fina
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News
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WAB
Earnings
- 4/24/24 - Beat
WAB
Sec Filings
- 4/25/24 - Form 144
- 4/25/24 - Form 144
- 4/25/24 - Form 144
- WAB's page on the SEC website