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Wabtec not yet on growth bandwagon as rail services beat equipment

Earnings 608 Industrials - Capital Goods 537 Mode - Rail 97 Quote Watch 376 U.S. 4997

Rail equipment provider Wabtec reported a 5.2% year over year dip in Q1’21 revenues as a result of “lower deliveries of locomotives in North America” as well as supply chain disruptions caused by the pandemic. It has nonetheless benefited from the surge in global trade activity as U.S. freight railroad operators rely on the firm for increased maintenance services. U.S. seaborne imports linked to Wabtec dropped by 16.1% year over year in Q1’21, though shipments of mechanical components used in servicing surged 44.0% higher. The rail equipment sector more broadly may be doing better with t...

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