Published on 20 Feb 2024 on Zacks via Yahoo Finance
Segmental Strength and Dividend Aid Wabtec (WAB), Costs Ail
Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (WAB), is benefiting from strength across both its segments and shareholder-friendly initiatives. However, higher expenses act as a concern for the company’s bottom line.
Let’s discuss these factors in detail.
Wabtec’s fourth-quarter 2023 revenues of $2.53 billion surpassed the Zacks Consensus Estimate of $2.49 billion. The top line grew 9.5% year over year on the back of higher sales of the Freight and Transit segments. While Freight segment benefits from growth in services and components, transit segment gains from strong aftermarket sales.