Wabtec Shares Drop Amid Disappointing Q4 Results

Wabtec Corporation's shares dropped 5.8% in premarket trading due to disappointing fourth-quarter financial results. The company reported a net income of $212 million on sales of $2.58 billion, which fell short of analysts' expectations of $2.62 billion. Adjusted earnings per share were $1.68, missing the anticipated $1.73. The rail equipment manufacturer attributed some growth to its transit segment but noted a slowdown in freight demand due to higher costs and tariffs impacting new locomotive investments. For 2025, Wabtec forecasts profit and sales below analysts' estimates, with expected adjusted earnings per share between $8.35 and $8.75 and revenue between $10.73 billion and $11.03 billion. Despite these challenges, the company highlighted increased orders, margin expansion, and robust cash flow as positive aspects of its performance.