Wabtec gives third-quarter report

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Wilmerding-based Wabtec Corp. reported third quarter net income of $63 million or $1.30 per diluted share compared to net income of $46.6 million or $0.96 per diluted share for the third quarter last year. For the first nine months ended Sept. 30, the company reported net income of $187 million or $3.85 per diluted share compared to net income of $124 million or $2.56 per diluted share for the first nine months of last year.

Analysts had estimated the company would earn $1.29 per share this quarter.

The rail products company reported sales of $587.6 million for the third quarter compared to sales of $499 million for the third quarter last year. For the first nine months ended Sept. 30, Wabtec reported sales of $1.8 billion compared to sales of $1.4 billion for the first nine months of last year. breaking - businessnews - neigh_east

Tim Grant: tgrant@post-gazette.com


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