Wabtec Announces Estimate Of Tax Reform Impact, Preliminary 2017 4Q Results
Westinghouse Air Brake Technologies Corporation (WAB)
Last westinghouse air brake technologies corporation earnings: 2/18 06:58 am
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Source: GlobeNewswire
WILMERDING, Pa., Feb. 02, 2018 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE:WAB) today announced an estimate of the impact of U.S. tax reform and its preliminary 2017 fourth quarter results. The fourth quarter preliminary results include: Revenues of about $1.1 billion.GAAP earnings per diluted share of about 55 cents. GAAP earnings are expected to include the following impact from the U.S. tax reform bill that was enacted in December 2017: expenses of about $55 million, or about 57 cents per diluted share, for the repatriation of earnings; and a benefit of about $52 million, or about 53 cents per diluted share, from a reduction in deferred tax liabilities. Therefore, the net impact of U.S. tax reform in the fourth quarter is expected to be an expense of about $3 million, or about 4 cents per diluted share.GAAP earnings are also expected to include: contract adjustments of about $24 million, or about 18 cents per diluted share, for higher-than-expected costs to complete certain
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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