Wabtec (WAB) Tops Q4 EPS by 2c; Guides

Wabtec (NYSE: WAB) reported Q4 EPS of $1.30, $0.02 better than the analyst estimate of $1.28. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.21 billion.

GUIDANCE:

Wabtec sees FY2023 EPS of $5.15-$5.55, versus the consensus of $5.45. Wabtec sees FY2023 revenue of $8.7-9 billion, versus the consensus of $8.69 billion.

Wabtec’s Board of Directors announced a $750 million share buyback reauthorization and a 13% increase in the quarterly dividend to 17 cents per share. The Board of Directors also declared a regular quarterly common dividend of 17 cents per share, payable on March 10, 2023 to holders of record on February 24, 2023.

For earnings history and earnings-related data on Wabtec (WAB) click here.

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