Wabtec Guides FY23 Adj. EPS In Line; Boosts Dividend 13% - Update
(RTTNews) - While reporting its financial results for the fourth quarter on Wednesday, transportation solutions provider Wabtec Corp. (WAB) initiated its adjusted earnings and sales guidance for the full-year 2023.
For fiscal 2023, the company now projects adjusted earnings in a range of $5.15 to $5.55 per share on sales between $8.70 billion to $9.00 billion.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.42 per share on revenues of $8.69 billion for the year. Analysts' estimates typically exclude special items.
Wabtec Board of Directors also reauthorized a share buyback program up to $750 million and declared a 13 percent increase in the regular quarterly common dividend to $0.17, payable on March 10, 2023 to holders of record on February 24, 2023.
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