Wabtec Corporation, operating under Westinghouse Air Brake Technologies Corporation, reported its financial results for the three months ended March 31, 2025. The Parent Company and its Guarantor Subsidiaries recorded net sales of $1.532 billion for the quarter, compared to $5.949 billion for the entire year of 2024. Gross profit for the quarter was $661 million, while the year 2024 ended with a gross profit of $1.796 billion. A significant point in the financial outcome was a net income of $33 million attributable to Wabtec shareholders for the first quarter of 2025, contrasting with a net loss of $104 million for the year 2024. The current assets as of March 31, 2025, stood at $1.448 billion, decreasing from $1.624 billion at the end of 2024. Noncurrent assets slightly increased to $3.504 billion from $3.500 billion. On the liabilities side, current liabilities increased from $2.278 billion at the end of 2024 to $2.352 billion by March 31, 2025, and long-term debt remained relatively stable, slightly rising from $2.962 billion to $2.963 billion. Additionally, Wabtec conducted $243 million in net sales to non-guarantor subsidiaries and made $267 million in purchases from them during the first quarter of 2025. These figures reflect the ongoing business dynamics within the company and its subsidiaries.
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