Westinghouse Air Brake Technologies Corp (WAB)

[56Chevy]

Westinghouse Air Brake Technologies Delivers Record Earnings

April 22, 2015

Westinghouse Air Brake Technologies (NYSE: WAB ) , or Wabtec, reported strong first-quarter results before the market opened this morning. Not only did the company beat analysts' estimates, but it raised guidance for the full year. Here's a quick look at the quarter and what to expect from the company in 2015.

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Wabtec also begins the year with a solid balance sheet, as the company has $249 million in cash against just $421 million in debt.

A look ahead

Due in part to the company's strong first-quarter results, Wabtec now expects full-year earnings to be higher than its previous guidance. The company now sees full-year earnings hitting $4.10 per share, which is above the $4.05 per share the company guided to just last quarter. That's about 13% higher than last year's earnings of $3.62 per share. Wabtec also sees revenue increasing by about 10% this year.

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http://www.fool.com/investing/general/2015/04/22/westinghouse-air-brake-technologies-delivers-recor.aspx

Marker:
Wabtec Corp. (WAB)
$100.64 UP 6.59 (7.01%)
Volume: 1,101,446