Positive

From Yahoo Finance: 2025-04-23 14:20:00

Wabtec (NYSE: WAB) reported higher revenue and earnings in the latest quarter, with operating income up 15% to $474 million. Revenue grew 4.5% to $2.61 billion, and earnings per share rose 23% to $1.88. The company saw growth in both its Freight and Transit segments, with international revenue showing strong momentum.

Freight segment revenue increased 4.2% due to higher deliveries of modernized locomotives, while Transit segment revenue grew 5.3% from increased sales of new equipment. Wabtec’s 12-month backlogs for both segments also saw growth, with the freight segment up 7.1% to $6 billion and the transit segment up 4.1% to $2.1 billion.

Wabtec has raised its financial outlook for the year, now expecting adjusted earnings per share between $8.35 and $8.95, and revenue between $10.72 billion and $11.02 billion. CEO Rafael Santana expressed caution moving forward due to economic uncertainty, but remains focused on delivering against commitments.

The company has implemented cost control measures to navigate the uncertain economic landscape, focusing on disciplined actions. Wabtec’s consistent expansion of its international business has been a key driver of growth, providing geographic diversity and higher profitability than its North America region.



Read more at Yahoo Finance: Revenue, profit, order backlog grow