Wabtec (WAB) Misses Q3 EPS by 2c
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Wabtec Reports 3Q EPS of $1.02, Up 10 Percent, and Cash Flow From Operations of $144 Million; Affirms Full-Year Earnings Guidance
October 22, 2015 7:55 AM EDTWILMERDING, Pa., Oct. 22, 2015 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE: WAB) today reported results for the 2015 third quarter, including the following:
Third quarter sales were $810 million, 2 percent higher than the year-ago quarter, due to growth in the Freight Group. Changes in foreign exchange rates reduced sales by about $39 million compared to the year-ago quarter.Income from operations was $152 million, or a record 18.8 percent of sales, compared to 17.1 percent in the year-ago quarter.Earnings per diluted share were $1.02, 10 percent higher than the year-ago quarter. Changes in foreign exchange rates reduced earnings... More