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Wabtec Corporation (NYSE: WAB), owner of Mors Smitt, has reported record results for its 2012 fourth quarter and full-year. In the fourth quarter sales increased to a record $ 610 million, driven by higher sales in the company’s Transit group. For the full-year Wabtec had sales of $ 2.4 billion and earnings per diluted share of $ 5.19, both records.

Albert J. Neupaver, Wabtec’s president and chief executive officer, said: “The company’s performance in 2012 was strong, and we anticipate another record year in 2013. With our diversified business model, balanced growth strategies and rigorous application of the Wabtec Performance System, we are confident in the company’s long-term prospects”.

 

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