Westinghouse Air Brake TechnologiesNYSE: WAB

Wabtec benefits from its solid performance in different areas, which supports its overall revenue. Additionally, their initiatives to improve connectivity are promising.

Wabtec (WAB) has the potential to deliver impressive returns due to its strong growth characteristics.

Westinghouse Air Brake Technologies, also known as Wabtec, performed better than I anticipated after I recommended to "Hold" on July 30, 2024.

In the third quarter of 2024, WAB's revenues increased due to stronger sales in the Freight and Transit sectors.

While the revenue and earnings per share (EPS) for Wabtec (WAB) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced that for the third quarter of 2024, their GAAP earnings per diluted share reached $1.63, which is a 22.6% increase compared to the same period in 2023. Their adjusted earnings per diluted share were $2.00, reflecting a 17.6% rise from last year. The company reported sales of $2.66 billion and generated $542 million in cash from operations, showcasing strong performance in sales, margins, earnings, and cash flow, according to Rafael.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) will hold its Q3 2024 Earnings Call on October 23, 2024, at 8:30 AM ET. Key company participants include Kyra Yates, Rafael Santana, John Olin, and John Mastelers. The call will also feature analysts from various financial institutions, and it is important to note that the event is being recorded.

PITTSBURGH--(BUSINESS WIRE)--Wabtec (NYSE: WAB) has revealed a $405-million deal to provide Evolutions Series ES44ACi locomotives to Kazakhstan Temir Zholy (KTZ). These new locomotives will modernize KTZ's old fleet and help meet the increasing demand for rail services in the area. Gokhan Bayhan, Wabtec's Regional Senior Vice President for CIS, Europe, and Mi, noted that Kazakhstan's forward-thinking government recognizes the vital role of railways in boosting the local economy.

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) has announced that its Board of Directors has approved a regular quarterly dividend of 20 cents per share, which will be paid on November 27, 2024, to those on record as of November 13, 2024. 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 industry.