Wabtec (WAB) Tops Q3 EPS by 1c, Revenue Misses, Offers Guidance
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Wabtec Reports Strong 3rd Quarter 2021 Results
October 27, 2021 6:30 AM EDTThird Quarter Reported GAAP Earnings Per Share of $0.69; Adjusted Earnings Per Share Up 20.0% to $1.14 Sales Growth of 2.2% to $1.91 Billion; GAAP Operating Margin of 11.4%; Adjusted Operating Margin +130 bps to 17.0% Year-to-Date Cash Flow from Operations up 66% to $759 Million; 103% Year-to-Date Cash Conversion Achieved $250 Million of Run-Rate Synergies One Year Earlier Than Forecasted Repurchased 2.3 Million Shares During the Third Quarter for $199 Million
PITTSBURGH--(BUSINESS... More
