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Friday, 05/01/2015 1:33:04 PM

Friday, May 01, 2015 1:33:04 PM

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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.


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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