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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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