Sales and profit increase at Wabtec

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Wilmerding-based Wabtec Corp. reported second-quarter profit of $112.5 million, or $0.78 per share, compared to profit of $100.8 million, or $0.67 per share, for the second quarter in 2012.

Profit for the first six months of 2013 was $216 million, or $1.51 per share, compared to profit of $195 million, or $1.29 per share, for the first six months of 2012.

The international freight and transit company outperformed analysts expectations that it would earn $0.73 for the quarter.

Wabtec's second-quarter sales were $638 million compared to $610 million for the second quarter last year.

Sales for the first six months of 2013 were $1.25 billion compared to sales of $1.19 billion for the first six months of 2012.

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Tim Grant: tgrant@post-gazette.com or 412-263-1591.


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