(Source: Motley Fool, July 30, 2019)
NEW YORK — During the second quarter, Westinghouse Air Brake Technologies, or Wabtec, benefited from a full quarter of its acquisition of GE’s former transportation division. That transaction paid immediate dividends by driving a significant improvement in the company’s revenue and adjusted earnings. Meanwhile, it remains on track with integrating the business, which gave it the confidence to boost its full-year cash flow forecast.
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