Wabtec Reports Fourth Quarter and Full-Year 2020 Results; Issues 2021 Financial Guidance
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Wabtec (WAB) Misses Q4 EPS by 5c; Offers FY21 EPS Guidance Below Consensus, FY21 Revenue Mid-Point Guidance Below Consensus, Renews $500M Buyback
February 18, 2021 6:34 AM ESTWabtec (NYSE: WAB) reported Q4 EPS of $0.98, $0.05 worse than the analyst estimate of $1.03. Revenue for the quarter came in at $2.02 billion versus the consensus estimate of $2.04 billion.
Delivered Strong Cash Flow from Operations of $784 Million for 2020 Including ~$220 Million of One Time Cash Impacts; Returned ~$300 Million to ShareholdersFourth Quarter Reported GAAP Earnings Per Share of $0.46; Adjusted EPS of $0.98; Full Year GAAP Earnings Per Share of $2.17; Adjusted EPS of $3.79Transit Adjusted Margin Ahead of Plan in 2020; Delivered 200 bps of ImprovementOn-track to Deliver $250 Million Run-Rate of Synergies in 2021Book-to-Bill Strengthening with Key Orders for... More