Westinghouse Air Brake Technologies

Westinghouse Air Brake Technologies Corp. engages in the provision of equipment, systems, and value-added services for the rail industry. It operates through the Freight and Transit segments. The Freight segment builds new locomotives, manufactures and services components for new and existing freight cars and locomotives, rebuilds freight locomotives, supplies railway electronics, positive train control equipment, and signal design and engineering services, and provides related heat exchange and cooling systems. The Transit segment manufactures and services components for new and existing passenger transit vehicles, including regional trains, high speed trains, subway cars, light-rail vehicles, and buses, builds new commuter locomotives, refurbishes subway cars, and provides heating, ventilation, air conditioning equipment, and doors for buses and subway cars. The company was founded in 1869 and is headquartered in Pittsburgh, PA.

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Wabtec reports robust Q4 earnings, eyes growth in modernizations and technology

Wabtec's Q4 2022 performance reflects strong sales growth, a solid backlog, and a focus on resilience and predictable earnings. The company faces challenges in the supply chain environment and uncertainties in projecting price contribution to growth. However, opportunities in new business ventures, technology investments, and margin expansion present a positive outlook for Wabtec's future.

WAB reports strong Q1 performance, eyes growth in automation

WAB's Q1 2023 performance was strong, with sales and earnings showing significant growth.
The company faces challenges in managing costs and margins, but opportunities exist in automation and new markets.
With a focus on growth in modernizations, new sales, and digital solutions, WAB aims for continued success.
Optimism in transit segment and strategic orders in emerging markets position WAB for future growth.

Wabtec reports robust Q2 sales growth and optimistic outlook

Wabtec's Q2 performance reflects strong sales growth, a focus on efficiency, and a positive outlook. Challenges include supply chain disruptions and backlog fluctuations. The company's emphasis on new locomotives, modernizations, and acquisitions signals a strategic approach to driving growth and profitability.

Wabtec reports strong Q3 earnings, eyes growth in Kazakhstan

Wabtec Corporation's Q3 2023 showcased robust financial performance, operational efficiency, and strategic initiatives driving growth and profitability amidst a challenging macro environment.
The company's strengths lie in backlog growth, strategic partnerships, diversified revenue streams, and operational improvements, positioning it well for sustained expansion and market leadership.
While facing challenges in delivery timing clarity and macroeconomic conditions, WAB has opportunities in market expansion, deal conversions, and sector momentum to drive future growth and success.

Wabtec reports robust Q4 earnings, eyes international growth opportunities

Wabtec's Q4 performance reflects a resilient business model with strong sales growth, margin expansion, and strategic initiatives. While facing challenges in North American demand, the company is poised for international growth and cost optimization. Opportunities lie in capital allocation strategies, portfolio optimization, and enhanced operational efficiency to drive profitability and sustainable growth.

Westinghouse Air Brake Technologies (WAB) excels in Q1 performance and embraces sustainable growth strategies

Westinghouse Air Brake Technologies (WAB) delivered a strong Q1 performance, showcasing revenue growth, margin strength, and a focus on sustainable initiatives. The company's strategic orders, cost-saving efforts, and long-term growth outlook position it well for future success amidst evolving market dynamics.

Wabtec excels in Q2, boosts guidance on strong growth prospects

Wabtec's Q2 performance reflects strong sales growth, improved profitability, and a positive outlook for the remainder of 2024.
The company's strategic focus on innovation, customer needs, and financial discipline underpins its growth trajectory and shareholder value creation.
Despite potential challenges, Wabtec's solid financial position, market opportunities, and operational efficiency bode well for sustained success.

Wabtec excels in Q3, raises guidance amid international opportunities

Wabtec's Q3 results reflect a solid performance with revenue growth, margin improvement, and operational efficiencies. With a strong balance sheet and increased guidance, the company is well-positioned for future growth and value creation.

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PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced today the appointment of Byron Foster to its Board of Directors, effective immediately. Foster, 52, is President of the Light Vehicle Drive Systems business of Dana Incorporated, a Fortune 500 global leader in the design and manufacturing of propulsion and energy-management solutions for the mobility industry. Prior to this role, Foster was Senior Vice President and Chief Commercial, Marketing and Communications Officer for D

Wabtec Appoints Byron Foster to Board of Directors

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced it will report 2021 second quarter results before the U.S. financial markets open on July 29, 2021. The company will conduct a conference call to discuss those results with analysts and investors at 8:30 a.m. ET the same day. To listen to the call via webcast, visit Wabtec's website at www.WabtecCorp.com and click on “Events & Presentations” in the “Investor Relations” section. An audio replay of the call will be availabl

Wabtec Announces Second Quarter 2021 Earnings Release Date

Per the terms, Wabtec (WAB) is expected to help CSX modernize its fleet by improving fuel efficiency.

CSX Signs Agreement With Wabtec to Lower Carbon Footprint

CSX (NASDAQ: CSX) and Wabtec (NYSE: WAB) are working together to develop technologies aimed at making freight locomotives reduce fewer greenhouse gas emissions. First the two say they are partnering to demonstrate a new technology aimed at lowering greenhouse gas emissions during the start and stop of a locomotive.

CSX to utilize Wabtec's emissions-reduction technology for locomotives

JACKSONVILLE, Fla.--(BUSINESS WIRE)--CSX Corporation (NASDAQ: CSX) and Wabtec (NYSE: WAB) are partnering to accelerate sustainable rail by modernizing locomotives across CSX's fleet and implementing advanced digital technologies to deliver significant fuel efficiency and emissions reductions for CSX's rail operations. The partnership will help CSX in their commitment to reduce greenhouse gas emissions intensity by 37 percent by 2030. “We are excited to partner with Wabtec on advanced solutions

CSX and Wabtec Partner to Drive Sustainable Transportation Solutions

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) and the Port of Kiel celebrated the installation of a sustainable shore power solution to support cruise operators. ShoreCONNECT has potential to reduce nearly all emissions from cruise ships by providing shore power, while berthing at the port. “The installation of our ShoreCONNECT solution will advance the port's sustainability efforts,” said Olivier Kompaore, Vice President Power Collection for Wabtec. “A large cruise ship typically

Wabtec Reduces Emissions at Port of Kiel in Germany with Shore Power Solutions

General Motors

Wabtec (NYSE: WAB) and General Motors (NYSE: GM) are collaborating on bringing battery and fuel cell technology to the freight locomotive. The two will seek to develop and commercialize GM's Ultium battery technology and HYDROTEC hydrogen fuel cell systems for Wabtec locomotives.

Wabtec, GM collaborating on advanced battery technologies for locomotives

General Motors' (GM) latest alliance with Wabtec will combine the expertise and technology of the two companies to make zero-emission locomotives an industry standard.

General Motors (GM) & Wabtec Partner for Electric Locomotives

The companies have signed a nonbinding memorandum of understanding for GM to engineer and supply its battery and fuel cell systems for Wabtec locomotives.

GM partnering with Wabtec on electric freight locomotives for rail industry

General Motors Co will supply electric batteries and hydrogen fuel cell systems for rail supplier Wabtec Corp's locomotives, in a move extending the No. 1 U.S. automaker's reach outside the automotive sector.

GM to supply electric batteries, hydrogen fuel cell systems for Wabtec locomotive

PITTSBURGH, June 15, 2021 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) and General Motors (NYSE: GM) today announced they will collaborate to develop and commercialize GM's Ultium battery technology and HYDROTEC hydrogen fuel cell systems for Wabtec locomotives. "The rail industry is on the cusp of a sustainable transformation with the introduction of batteries and hydrogen to power locomotive fleets," said Rafael Santana, CEO and president of Wabtec.

Wabtec and GM to Develop Advanced Ultium Battery and HYDROTEC Hydrogen Fuel Cell Solutions for Rail Industry

PITTSBURGH, June 08, 2021 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE: WAB) celebrated today the start of operations at Neighborhood 91, the additive manufacturing production campus at Pittsburgh International Airport's Innovation Campus. The new 11,000-sq-ft facility builds upon Wabtec's efforts to drive innovation in the rail industry through its growing additive manufacturing capabilities.

Wabtec Begins Operations at Neighborhood 91 Additive Hub

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE:WAB) (“Wabtec”) and Wabtec Transportation Netherlands B.V. (the “Issuer”), a wholly owned subsidiary of Wabtec, have announced the pricing of the Issuer's public offering of €500 million aggregate principal amount of 1.250% Senior Notes due 2027 (the “Notes”). The Notes will be fully and unconditionally guaranteed by Wabtec. The Notes will bear interest at a rate of 1.250% per year. The Issuer will pay interest on the Notes annually on Decem

Wabtec Announces Pricing of €500 Million Senior Notes Offering

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced today a rail industry first as its FLXdrive battery-electric locomotive delivered more than an 11-percent average reduction in fuel consumption and greenhouse gas emissions for an entire train. It is the equivalent of over 6,200 gallons of diesel fuel saved and approximately 69 tons of CO2 emissions reduced. These outcomes are the result of a three-month pilot with BNSF Railway, the largest railroad in the U.S., where the FLX

Wabtec's All-Battery Locomotive, FLXdrive, Lowers Freight Train's Fuel Consumption by More Than 11 Percent in California Pilot

GATX

Trinity Industries

The market for freight railcars is showing signs of improvement but data for railcar orders, deliveries and backlogs still reflects current market softness. Railcar orders rose by 80% to 6,227 railcars in the first quarter of 2021 from the fourth quarter of 2020, although orders are still below pre-pandemic levels, according to the Railway Supply Institute (RSI).

Railcar lessors and rail manufacturers eye recovering market in 2021

Westinghouse Air Brake Technologies Corporation (WAB) Management on Q1 2021 Results - Earnings Call Transcript

Decline in net sales in the Freight segment hurts Wabtec's (WAB) Q1 results.

Wabtec (WAB) Beats on Q1 Earnings & Revenues, Decrease Y/Y

Shares of Westinghouse Air Brake (NYSE:WAB) decreased 0.0% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share fell 8.25% year over year to $0.89, which beat the estimate of $0.86.

Westinghouse Air Brake: Q1 Earnings Insights

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) today reported first quarter 2021 earnings per diluted share of $0.59 and adjusted earnings per diluted share of $0.89, versus earnings per diluted share of $0.58 and adjusted earnings per diluted share of $0.97 a year ago. Total sales were $1.8 billion and cash from operations was strong at $292 million. “Wabtec had a strong operational quarter,” said Rafael Santana, Wabtec's president and chief executive officer. “Our team continued

Wabtec Reports First Quarter 2021 Results; Updates 2021 Guidance

Wabtec's (WAB) Q1 performance is expected to have benefited from cost-management efforts amid softness in the Freight and Transit segments.

Will Cost-Control Efforts Boost Wabtec's (WAB) Q1 Earnings?

Wabtec (WAB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Westinghouse Air Brake Technologies (WAB) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced it will report 2021 first quarter results before the U.S. financial markets open on April 29, 2021. The company will conduct a conference call to discuss those results with analysts and investors at 8:30 a.m. ET the same day. To listen to the call via webcast, visit Wabtec's website at www.WabtecCorp.com and click on “Events & Presentations” in the “Investor Relations” section. An audio replay of the call will be availabl

Wabtec Announces First Quarter 2021 Earnings Release Date

Wabtec's deal for Nordco looks like a relatively low-risk way to expand maintenance of way offerings, with added revenue synergy potential from taking Nordco's offerings worldwide.

Wabtec Makes Its Third-Largest Deal, And Rail Continues To Recover

Wabtec's (WAB) impending acquisition of Nordco is expected to increase the company's presence in the maintenance of way segment and strengthen its position in the growing railcar mover market.

Wabtec (WAB) to Acquire Nordco From Greenbriar for $400M

Pittsburgh-headquartered rail technology provider Wabtec (NYSE: WAB) is acquiring Nordco, which supplies new, rebuilt and used maintenance-of-way equipment. Nordco, which had belonged to parent company Greenbriar Equity Group, also offers mobile railcar movers and ultrasonic rail flaw detection technologies.

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