Wabtec (WAB) Q2 Earnings & Revenues Beat, 2024 EPS View Up

Revenues of $2.64 billion beat the Zacks Consensus Estimate of$2.62 billion. The top line grew 9.85% year over year due to higher sales of the Freight and Transit segments. During the June quarter, WAB generated cash from operations of $235 million compared with$115 million a year ago. The improvement was due to higher net income and improved working capital. In the Transit segment, net sales grew 2% year over year to $724 million due to strong aftermarket sales. The actual segmental sales figure was lowe ...