Wabtec (WAB) Q1 Earnings & Revenues Beat, 2024 EPS View Up [Yahoo! Finance]
Westinghouse Air Brake Technologies Corporation (WAB)
Last westinghouse air brake technologies corporation earnings: 2/18 06:58 am
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US:NYSE Investor Relations:
wabtec.com/investors
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Source: Yahoo! Finance
The bottom line improved 47.66% year over year owing to higher sales. Revenues of $2.50 billion surpassed the Zacks Consensus Estimate of $2.35 billion. The top line grew 13.81% year over year due to higher sales of the Freight and Transit segments. Total operating expenses in the reported quarter increased by $14 million to $403 million. The operating ratio (operating expenses as a percentage of revenues) improved to 16.2% from the year-ago quarter figure of 17.7%. A lower value of the metric is preferable. The adjusted operating margin increased 3.4 points to 19.8%. The operating margin benefited from higher sales and improved price/mix and productivity. During the March quarter, WAB generated cash from operations of $334 million compared with cash used for operations of $25 million a year ago. The improvement was due to higher earnings and improved working capital management. WAB exited the quarter with cash, cash equivalents and restricted cash of $639 million and a tota
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WAB
Earnings
- 4/24/24 - Beat
WAB
Sec Filings
- 5/2/24 - Form 4
- 5/1/24 - Form 4
- 4/30/24 - Form 144
- WAB's page on the SEC website