Feb 12 (Reuters) - U.S. rail locomotive maker Wabtec WAB.N forecast 2025 profit largely below analysts' estimates on Wednesday, as the industry tackles weak demand for new locomotives due to a slowdown in freight activity.
The company expects its 2025 adjusted profit per share in the range of $8.35 to $8.75, compared with analysts' average expectations of $8.62, according to data compiled by LSEG.
Higher prices and borrowing costs have weakened consumer demand for goods, causing a slowdown in freight volume transported by rail.
Wabtec's freight segment produces new locomotives, supplies aftermarket parts and services, and manufactures essential components for freight cars.
Uncertainty over tariffs and future freight demand has prompted railroads to adopt a cautious approach before making significant investments in new equipment.
In the fourth quarter, sales in Wabtec's freight unit, its largest, rose only by 0.3% to $1.79 billion.
The Pennsylvania-based company reported an adjusted profit of $1.68 per share for fourth-quarter ended December 31, compared with analysts' expectations of $1.72 per share.
Net sales in the quarter rose 2.3% to $2.58 billion, but missed Wall Street expectations of $2.62 billion.
(Reporting by Shivansh Tiwary in Bengaluru; Editing by Leroy Leo)
((Shivansh.Tiwary@thomsonreuters.com; +91 9708363192; X: @Shivansh_19_;))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。