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Roy Hill Sets New Course with Purchase of FLXdrive Battery Locomotive

Roy Hill Sets New Course with Purchase of FLXdrive Battery Locomotive
financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.

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Wabtec 2Q21: 'All-Around Beat, Backlog Grows'

Wabtec 2Q21: 'All-Around Beat, Backlog Grows'
railwayage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from railwayage.com Daily Mail and Mail on Sunday newspapers.

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Wabtec 1Q21: 'Earnings Beat, Backlog Grows Modestly'

April 30, 2021
Wabtec 1Q21: ‘Earnings Beat, Backlog Grows Modestly’
Written by
Marybeth Luczak, Executive Editor
“We are seeing continued signs of recovery happening across the global Freight and Transit rail markets,” Wabtec President and CEO Rafael Santana said during a first-quarter 2021 report. “Freight volumes and equipment utilization are gradually improving, demand for freight aftermarket services is increasing, and sustainable investment in global transit remains strong.”
Wabtec Corp. reported a “strong operational quarter” and a position of “profitable long-term growth,” due to continued signs of industry recovery, a modestly growing backlog, and its order pipeline.
The company also updated its 2021 guidance.
First-quarter earnings per diluted share were $0.59 and adjusted earnings per diluted share were $0.89, compared with the year-earlier period’s $0.58 and $0.97, res ....

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For Wabtec, 'Positive Momentum' Going Into 2021

February 18, 2021
For Wabtec, ‘Positive Momentum’ Going Into 2021
Written by
Marybeth Luczak, Executive Editor
Despite a challenging market, backlog remains strong, Wabtec Corp. reported during its fourth-quarter and full-year 2020 earnings release.
Wabtec also issued 2021 financial guidance.
Wabtec’s total, multi-year backlog at the end of December 2020 was $21.6 billion, which was higher than at Sept. 30 as OEM and after-market orders increased in both Freight and Transit, according to the company. At Dec. 31, 2020, the 12-month backlog was $5.5 billion, it noted.
In the fourth quarter, Wabtec said it had cash from operations of $326 million, sales of $2.0 billion, and GAAP earnings per diluted share of $0.46. Adjusted earnings per diluted share were $0.98; they excluded after-tax expenses of $0.20 for restructuring and transaction costs, $0.29 for non-cash amortization expense, and $0.03 for ta ....

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