Rail technology provider Wabtec saw fourth-quarter 2021 net income grow 116% to $190 million, or $1.02 per diluted share, compared with $88 million, or 46 cents per diluted share, in the fourth quarter of 2020.
Adjusted earnings per diluted share was $1.18, which is 20.4% higher year-over-year.
A higher gross profit in the fourth quarter, due to higher sales as well as lower cost of sales, helped pull fourth-quarter net income higher. Gross profit rose 29% to $652 million, compared with $506...
https://www.freightwaves.com/news/wabtec-q4-net-income-climbs-on-higher-gross-profit