Earnings from Wabtec and Snap-on

Today’s a big day for Buy List earnings; two before the bell and two more after.

This morning, Wabtec (WAB) reported Q2 earnings of $1.04 per share. That was two cents better than estimates. That makes $2.03 per share for the first half. WAB reaffirmed guidance of “about $4.10” for the full-year.

Raymond T. Betler, Wabtec’s president and chief executive officer, said: “We had another strong operating quarter, with record sales, earnings and margins, driven by the performance of our Freight Group. We continue to execute our growth strategies and internal improvement initiatives, and we’re optimistic about our future growth prospects, thanks to the diversity of our business model, continued global investment in transportation projects, and the power of our Wabtec Performance System.”

Solid company and solid quarter. The shares are up close to 2% today.

Snap-on (SNA) report Q2 earnings of $2.03 per share which was three cents better than estimates.

“We’re encouraged by the ongoing progress reflected in our second quarter results, including 8.4% organic sales growth, a 17.7% operating margin before financial services, representing a 100 basis point improvement, and a 12.8% increase in diluted earnings per share,” said Nick Pinchuk, Snap-on chairman and chief executive officer. “We believe these results once again validate Snap-on’s ability to build upon our unique combination of capabilities in serving serious professionals and to successfully navigate our runways for coherent growth and operating improvement in multiple industries across varied geographies. Finally, this continued progress is only possible as a result of the tremendous dedication, effort and skill across the Snap-on team. In that regard, I thank our franchisees and associates worldwide for their contributions, commitment and support.”

SNA is up close to 1% today.

Posted by on July 23rd, 2015 at 10:42 am


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