Welcome to our dedicated page for Wabtec news (Ticker: WAB), a resource for investors and traders seeking the latest updates and insights on Wabtec stock.
Wabtec Corporation (WAB) delivers innovative solutions for freight rail and passenger transportation systems worldwide. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, technological advancements, and strategic initiatives shaping the future of rail transportation.
Access authoritative information on earnings announcements, product innovations, and operational milestones. Our curated collection includes press releases covering locomotive modernization programs, safety system enhancements, and sustainability efforts within the rail sector. Track partnership announcements and regulatory developments impacting global transit infrastructure.
This resource serves as your centralized reference for understanding Wabtec's market position through verified financial disclosures and operational updates. Regular updates ensure timely awareness of maintenance service expansions, digital control system deployments, and international market entries. Stay informed about initiatives driving efficiency in freight logistics and urban transit networks.
Bookmark this page for streamlined access to Wabtec's evolving corporate narrative. Combine strategic insights with technical expertise through our maintained repository of official communications and industry analysis.
Wabtec Corporation (NYSE: WAB) reported strong first quarter 2023 results, with sales increasing 13.9% to $2.19 billion. Notably, sales rose 16.8% when excluding currency impacts. The company's GAAP earnings per diluted share were $0.93, up 16.3% year-over-year, while adjusted earnings per diluted share stood at $1.28, marking a 13.3% increase. Wabtec returned $209 million to shareholders through dividends and share repurchases. The multi-year backlog offers strong visibility, totaling $22.3 billion as of March 31, 2023. However, cash flow from operations was negative at ($25 million), a decline from $161 million in the previous year. The company forecasts 2023 sales of $8.7 billion to $9.0 billion and expects adjusted EPS between $5.15 and $5.55.
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