Wabtec Boosts FY24 Outlook - Update

(RTTNews) - While reporting its financial results for the first quarter on Wednesday, transportation solutions provider Wabtec Corp. (WAB) raised its adjusted earnings and sales guidance for the full-year 2024.

For fiscal 2024, the company now projects adjusted earnings in a range of $7.00 to $7.40 per share on sales between $10.25 billion and $10.55 billion.

Previously, the company expected adjusted earnings in a range of $5.50 to $6.90 per share on sales between $10.05 billion and $10.35 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $6.79 per share on revenues of $10.20 billion for the year. Analysts' estimates typically exclude special items.

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