Published on 23 Jun 2022 on Zacks via Yahoo Finance
Solid Cash Balance Boosts Wabtec (WAB) Despite Expense Woes
Westinghouse Air Brake Technologies Corporation WAB currently benefits from a strong cash balance and strategic acquisitions.
Wabtec's earnings (excluding 33 cents from non-recurring items) of $1.13 per share fall short of the Zacks Consensus Estimate of $1.14. The bottom line improved 27% year over year, driven by a 1.4 percentage point margin expansion to 16.5% and 5.29% higher revenues to $1,927 million, despite supply-chain disruptions. The top line, however, fell short of the Zacks Consensus Estimate of $1,971.6 million.
How is Wabtec Faring?