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Kelso Technologies Inc. Financial Results for the Three Months Ended March 31, 2025
Globenewswire· 2025-05-01 00:47
Core Viewpoint - Kelso Technologies Inc. reported its first profitable quarter since Q1-2020, with a net income of $412,337 for Q1-2025, indicating a positive turnaround in financial performance [5][11]. Financial Performance Summary - Revenues for Q1-2025 reached $3,158,074, a 19.06% increase from $2,652,604 in Q1-2024 [4][5]. - Gross profit increased to $1,409,754, with a gross profit margin of 45%, up from 42% in the previous year [4][5]. - The company reported a net income of $412,337, compared to a net loss of $698,759 in Q1-2024 [4][5]. - Adjusted EBITDA for Q1-2025 was $412,172, significantly higher than $99,720 in Q1-2024 [4][6]. Liquidity and Capital Resources - As of March 31, 2025, the company had cash of $417,188 and accounts receivable of $1,596,583, compared to cash of $1,066,089 and accounts receivable of $939,641 as of March 31, 2024 [4][8]. - Working capital improved to $2,570,415 from $2,125,386 at the end of 2024 [9]. - Total assets were reported at $6,877,978, down from $10,207,748 in the previous year [6][9]. Strategic Outlook - The company anticipates flat to slightly positive sales growth of 0% to 5% for FY2025 compared to FY2024, focusing on cost discipline in preparation for increased tank car production expected in 2026/2027 [12][15]. - Kelso is seeking full approval from the Association of American Railroads (AAR) for its Bottom Outlet Valve and Angle Valve, which is expected to create new revenue opportunities [13]. - The forecast for tank car deliveries shows a modest increase, with expectations of 10,325 units in 2025, indicating a 15.8% rise over the average from 2021 to 2023 [14].
Wabtec (WAB) is an Incredible Growth Stock: 3 Reasons Why
ZACKS· 2025-04-24 17:45
Core Viewpoint - Growth investors seek stocks with above-average financial growth, but identifying such stocks can be challenging due to their inherent risks and volatility [1] Group 1: Company Overview - Westinghouse Air Brake Technologies (WAB) is highlighted as a recommended stock with a favorable Growth Score and a top Zacks Rank [2] - The company specializes in manufacturing parts for locomotives, subways, and buses [3] Group 2: Earnings Growth - Wabtec's historical EPS growth rate is 16.3%, with projected EPS growth of 9.3% this year, surpassing the industry average of 8.5% [5] Group 3: Cash Flow Growth - Wabtec's year-over-year cash flow growth is 15.6%, significantly higher than the industry average of 7.6% [6] - The company's annualized cash flow growth rate over the past 3-5 years is 10.9%, compared to the industry average of 6.5% [7] Group 4: Earnings Estimate Revisions - The current-year earnings estimates for Wabtec have increased, with the Zacks Consensus Estimate rising by 3.3% over the past month [9] Group 5: Investment Potential - Wabtec has earned a Growth Score of B and a Zacks Rank 2, indicating it is a potential outperformer and a solid choice for growth investors [11]
Kelso Technologies Inc. Retirement of Chief Operating Officer and Appointment of Director
Newsfilter· 2025-04-22 23:18
Core Points - Kelso Technologies Inc. announces the retirement of Anthony Andrukaitis from the Board of Directors and as Chief Operating Officer, effective June 3rd and June 30th, 2025, respectively [1][2] - Amanda Smith will take over as COO starting July 1, 2025, following a mentorship period with Andrukaitis [1][4] - Mark Temen has been appointed as the sixth member of the Board of Directors, bringing financial expertise to the company [1][5][6] Company Leadership Transition - Andrukaitis has served since October 24, 2011, and has been instrumental in building a strong team and mentoring Smith [2] - His retirement was delayed due to challenges posed by the COVID-19 pandemic and the rail recession [3] - The transition to Smith is expected to be seamless, with the elimination of the Executive Vice President of Operations position as part of cost-reduction efforts [4] Board Composition - Mark Temen's appointment is seen as a significant addition to the Board, enhancing governance with his finance and business experience [5][6] - The Board expresses gratitude for Andrukaitis's long service and contributions to the company [6] Company Overview - Kelso Technologies specializes in the design, production, and distribution of proprietary products for rail and automotive transportation [7] - The company focuses on safety and efficiency in its rail equipment business, particularly in the production of high-quality tank car valves [7]
Kelso Technologies Inc. Retirement of Chief Operating Officer and Appointment of Director
Globenewswire· 2025-04-22 23:18
Core Points - Kelso Technologies Inc. announces the retirement of Anthony Andrukaitis from the Board of Directors effective June 3, 2025, and as Chief Operating Officer effective June 30, 2025, with Amanda Smith set to assume the COO role starting July 1, 2025 [1][4] - Mark Temen has been appointed as the sixth member of the Board of Directors, bringing years of finance and business experience [1][5][6] Management Transition - Andrukaitis has served since October 24, 2011, building a strong team and mentoring Amanda Smith for the COO role [2] - His retirement was delayed due to challenges posed by the COVID-19 pandemic and the rail recession, during which he provided guidance to the new management team [3] - Amanda Smith expressed gratitude for Andrukaitis's mentorship and leadership during difficult business challenges [4] Board Composition - The Corporate Governance and Nominating Committee welcomed Mark Temen to the Board, highlighting his financial expertise as a valuable addition [5][6] - The company expressed appreciation for Andrukaitis's long service and contributions to the organization [6] Company Overview - Kelso Technologies specializes in the creation, production, sales, and distribution of proprietary products for rail and automotive transportation, focusing on safety and operational efficiency [7]
Wabtec Gears Up to Report Q1 Earnings: Here's What to Expect
ZACKS· 2025-04-17 15:20
Core Viewpoint - Wabtec Corporation (WAB) is expected to report its first-quarter 2025 results on April 23, with earnings estimated at $2.01 per share and revenues projected at $2.60 billion, reflecting a 4% growth year-over-year [1][2]. Financial Performance Expectations - The Zacks Consensus Estimate for WAB's earnings has been revised upward by 1.01% in the past 60 days [2]. - Revenue estimates for the Freight segment are projected at $1.87 billion, indicating a 2.6% growth from the previous year, while Transit revenues are expected to reach $703.4 million, reflecting a 4.5% increase [4]. - Wabtec has a history of earnings surprises, having exceeded the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 9.2% [3]. Challenges and Risks - The company may face challenges due to rising operating expenses and ongoing supply chain and tariff-related disruptions, which could negatively impact its bottom-line performance in the upcoming earnings report [5]. - Current estimates indicate that Wabtec has an Earnings ESP of -2.19% and a Zacks Rank of 2 (Buy), suggesting that the odds of an earnings beat are not favorable this time [6]. Recent Historical Performance - In the fourth quarter of 2024, Wabtec reported earnings per share of $1.68, which was below the Zacks Consensus Estimate of $1.73, although it represented a 9.1% year-over-year improvement [7]. - The company's revenues for the fourth quarter were $2.58 billion, slightly missing the Zacks Consensus Estimate of $2.59 billion, but showing a 2.3% year-over-year growth driven by higher sales in the Transit segment [9].