Wabtec reports Q2 adjusted EPS $2.27, consensus $2.18

Reports Q2 revenue $2.71B, consensus $2.77B. “The Wabtec (WAB) team has delivered another strong quarter, highlighted by margin expansion and double digit earnings per share growth,” said Rafael Santana, Wabtec’s President and CEO. “With the first half of the year complete, we remain focused on executing our priorities for the second half. Demand across our end markets and our pipeline of opportunities continues to be strong, with significant activity underway in key businesses. Alongside the strength of our core business, I am especially proud of our year to date progress on M&A. We have committed $3.5 billion to investments that are expected to create immediate value for Shareholders, with projected accretive growth profiles, higher adjusted EBITDA margins, increased adjusted EPS in the first year, and improving ROIC over time. While the broader economic environment remains uncertain, we are committed to maintaining discipline and taking the necessary actions to achieve our goals.”