The latest announcement is out from Westinghouse Air Brake Technologies ( (WAB) ).
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Wabtec Corporation posted strong financial results for the third quarter of 2024, with a 4.4% increase in sales to $2.66 billion. The company’s GAAP diluted earnings per share rose 22.6% to $1.63, while adjusted EPS saw a 17.6% increase to $2.00. The growth was driven by robust demand in the Freight and Transit segments, with operating margins improving due to better sales and cost management. Wabtec also raised its full-year adjusted EPS guidance, reflecting confidence in continued growth momentum.
For an in-depth examination of WAB stock, go to TipRanks’ Stock Analysis page.
