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  • WABTEC PLANS TO AFFIRM 2018 FINANCIAL GUIDANCE AND LONG-TERM FINANCIAL TARGETS AT INVESTOR DAY

    05/07/2018

    WILMERDING, PA, May 7, 2018 – Wabtec Corporation (NYSE: WAB) today plans to affirm the following at its Investor Day:
     

    • In 2018, revenues are expected to be about $4.1 billion, earnings per diluted share are expected to be about $3.80 excluding estimated restructuring and integration charges, operating margin is expected to be about 13.5 percent, and the company expects cash flow from operations to exceed net income for the year.
    • The company’s long-term vision is to average double-digit growth in revenues and earnings per diluted share through the business cycle, with its operating margin expected to improve about 100 basis points annually, and…
  • WABTEC REPORTS 1Q EPS OF 92 CENTS, AFFIRMS FULL-YEAR GUIDANCE

    04/24/2018

    WILMERDING, PA, April 24, 2018 – Wabtec Corporation (NYSE: WAB) today reported earnings per diluted share of 92 cents in the 2018 first quarter and affirmed its full-year guidance for revenues and earnings per diluted share. 
     
    2018 First Quarter Consolidated Results

    • Sales were $1.06 billion, a 15 percent increase compared to the year-ago quarter.  Compared to the year-ago quarter, organic sales increased $35 million; sales from acquisitions increased $35 million; and changes in foreign currency exchange rates increased sales by $70 million, mainly in Transit.
    • Income from operations was $131 million including expenses of…