Wabtec: ‘Solid’ 4Q23, ‘Strong’ Order Pipeline (UPDATED 2/15)
“The Wabtec team delivered a strong finish to 2023 as evidenced by higher sales, margin expansion, increased earnings and improved cash flow,” President and CEO Rafael Santana said in a Feb. 14 earnings announcement. Sales were up 15.7% year-over-year, driven by Freight and Transit growth. TD Cowen offers updated insight on Feb. 15.