Wabtec: Earnings Miss but Cash Flow Up
Westinghouse Air Brake Technologies missed revenue and EPS estimates, but reported solid margins and cash flows.
Locomotive technology specialist Westinghouse Air Brake Technologies (NYSE:WAB) reported fourth-quarter and full-year 2024 earnings on Wednesday, Feb. 12, that fell short of analysts' consensus expectations. Adjusted EPS of $1.68 missed the forecast of $1.73 and Q4 revenue of $2.58 billion came in just under the anticipated $2.62 billion. Despite these misses, the company experienced a 2.3% increase in sales from the previous year.
Overall, Wabtec (as it is also known) ended the quarter with a solid performance in margins and cash flow, reinforcing its strong market positioning.
Source: Wabtec. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.
