Wabtec Q3 2020 Earnings Report
Key Takeaways
Wabtec reported Q3 2020 earnings with GAAP EPS of $0.67 and adjusted EPS of $0.95. The company is on track to deliver $150 million in net synergies in 2020 and updated its full-year guidance for sales between $7.5 billion and $7.6 billion.
Delivered strong GAAP cash flow from operations of $230 million.
Reported GAAP earnings per share of $0.67; adjusted EPS of $0.95.
Reported GAAP income from operations of $207 million (11.1% margin); adjusted income from operations of $293 million (15.7% margin).
On-track to deliver $150 million net synergies in 2020.
Wabtec
Wabtec
Wabtec Revenue by Segment
Forward Guidance
Wabtec updated its 2020 sales guidance to a range of $7.5 billion to $7.6 billion, GAAP earnings per diluted share guidance to between $2.35 to $2.45 and adjusted earnings per diluted share to between $3.75 and $3.85.
Revenue & Expenses
Visualization of income flow from segment revenue to net income