Wabtec Reports Mixed Q2 Results; Tightens FY22 EPS View
Westinghouse Air Brake Technologies Corp (NYSE: WAB ) (Wabtec) reported second-quarter FY22 net sales growth of 1.8% year-over-year to $2.05 billion, missing the consensus of $2.07 billion. Sales growth was driven by higher Freight segment sales, partially offset by lower Transit segment sales, and was 5.6% Y|Y on a constant currency basis. Adjusted EPS was $1.23 ( 16% Y|Y), above the consensus of $1.22. The gross margin expanded … Full story available on Benzinga.com
Wabtec Reports Mixed Q2 Results; Tightens FY22 EPS View
Westinghouse Air Brake Technologies Corp (NYSE: WAB ) (Wabtec) reported second-quarter FY22 net sales growth of 1.8% year-over-year to $2.05 billion, missing the consensus of $2.07 billion. Sales growth was driven by higher Freight segment sales, partially offset by lower Transit segment sales, and was 5.6% Y|Y on a constant currency basis. Adjusted EPS was $1.23 ( 16% Y|Y), above the consensus of $1.22. The gross margin expanded … Full story available on Benzinga.com