Wabtec Reports Results For 3Q, Updates Guidance
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., Oct. 24, 2017 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE:WAB) today reported results for the third quarter and updated its financial guidance for 2017. 2017 Third Quarter Consolidated Results Sales were $958 million, a 42 percent increase compared to the year-ago quarter, as sales from acquisitions, mainly in the Transit Group, more than offset slightly lower organic sales. Changes in foreign exchange rates increased sales by $7 million compared to the year-ago quarter.Income from operations was $102 million including expenses of $20 million for contract adjustments and $6 million for restructuring and integration actions. Excluding these expenses, the company’s operating margin was 13.4 percent, slightly better than its adjusted operating margin in the first half of the year.Net interest expense was $18 million, reflecting a higher debt balance due mainly to the Faiveley Transport acquisition in late 2016.Other expense was $2.9 million, mainly due to a non-c
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WAB
Earnings
- 2/14/24 - Miss
WAB
Sec Filings
- 4/4/24 - Form ARS
- 4/4/24 - Form DEF
- 4/4/24 - Form DEFA14A
- WAB's page on the SEC website