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An announcement from Westinghouse Air Brake Technologies ( (WAB) ) is now available.
On February 12, 2025, Wabtec Corporation announced its fourth quarter 2024 results, highlighting a strong financial performance with a 2.3% year-over-year sales increase and substantial cash from operations. The adjusted earnings per share rose by 9.1% compared to the previous year, and the company reported a significant 52.7% increase in cash flow from operations for the full year 2024. Additionally, Wabtec provided its 2025 financial guidance, projecting a 13.1% increase in adjusted EPS at the midpoint. The company also announced a 25% hike in its quarterly dividend and expanded its share buyback authorization by $1 billion, reflecting robust shareholder returns and confidence in future growth.
More about Westinghouse Air Brake Technologies
Westinghouse Air Brake Technologies, also known as Wabtec Corporation, operates in the transportation industry, focusing on the manufacturing and servicing of rail equipment. The company is known for its locomotives and freight car products, serving both freight and transit sectors globally.
YTD Price Performance: 10.13%
Average Trading Volume: 1,012,449
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $35.82B
See more insights into WAB stock on TipRanks’ Stock Analysis page.
