Wabtec Corp raises 2024 EPS guidance to $7.45-$7.65, Q3 net income up 22.6% YoY to $283M.

Wabtec Corporation has revised its fiscal 2024 adjusted earnings per share (EPS) guidance to $7.45-$7.65, up from $7.20-$7.50, while keeping revenue projections at $10.25-$10.55 billion. In Q3, net income rose to $283 million, with GAAP EPS at $1.63, a 22.6% increase year-over-year. Adjusted EPS reached $2.00, up 17.6%, and sales climbed to $2.66 billion, driven by growth in the Freight & Transit segments, surpassing analyst expectations.

October 23, 2024
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