On Wednesday, February 12, the S&P 500 fell by 0.3% due to inflation data from the January Consumer Price Index report being higher than anticipated, which affected expectations for interest rates.
Westinghouse Air Brake Technologies Corporation (NYSE:WAB) will hold its Q4 2024 Earnings Conference Call on February 12, 2025, at 8:30 AM ET. The call will feature company representatives including Kyra Yates, Rafael Santana, John Olin, and John Mastelers. Analysts from various firms, such as Melius Research and Goldman Sachs, will also participate in the discussion.
Westinghouse Air Brake Technologies (WAB) reported quarterly earnings of $1.68 per share, which is lower than the Zacks Consensus Estimate of $1.73 per share. This is an increase from the earnings of $1.54 per share from the same period last year.
PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced that for the fourth quarter of 2024, their GAAP earnings per diluted share reached $1.23, which is a 2.5% increase compared to the same quarter in 2023. The adjusted earnings per diluted share for this quarter were $1.68, reflecting a 9.1% rise from the previous year. Additionally, the company's total sales for the fourth quarter amounted to $2.58 billion, with cash from operations at $723 million.
WAB's Transit division had a strong performance in the fourth quarter of 2024, with sales rising by 7.1% compared to the previous year.
WAB's ongoing commitment to increasing dividends for its shareholders shows its strong financial health.
PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) has announced that its Board of Directors has approved a regular quarterly dividend of 25 cents per share, which will be paid on March 7, 2025, to those on record as of February 21, 2025. About Wabtec: Wabtec Corporation (NYSE: WAB) is transforming transportation for future generations. The company is a top global supplier of equipment, systems, digital solutions, and additional services for the freight and transit rail sectors.
Instead of just focusing on Wall Street's predictions for Wabtec's (WAB) earnings, let's explore some important metrics to better understand how the company might perform in the quarter that ends in December 2024. This will give us a clearer picture of its potential.
Wabtec's profits in the fourth quarter are likely to have been negatively affected by high operating costs.
The purchase is anticipated to increase Wabtec's total addressable market from around $8 billion to $16 billion.