Wabtec reports Q4 adjusted EPS $1.68, consensus $1.73

Reports Q4 revenue $2.58B, consensus $2.62B. “The Wabtec (WAB) team delivered a strong 2024 as evidenced by higher orders, sales, margin expansion, increased earnings and robust cash flow,” said Rafael Santana, Wabtec’s President and CEO. “We remain committed to our capital deployment strategy to maximize shareholder returns. We returned $1.2B to shareholders through share repurchases and dividends. And, based on our strong performance in 2024 and confidence in the future, our Board of Directors approved a 25% increase in our quarterly dividend, and in December, increased our share buyback authorization by $1.0B. I am encouraged by the underlying momentum of our business, and the team’s unrelenting focus on execution and delivering for our customers. And just as importantly, we continue to lay a solid foundation for us to build upon. Looking ahead, I believe Wabtec is well positioned to drive top quartile returns over time.”