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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Q2 2024 sales increased by 9.8% year over year, reaching $2.64 billion. GAAP diluted EPS soared 54.7% to $1.64.

Strong Q2 Results Propel Wabtec's Momentum

Westinghouse Air Brake Technologies Corporation (NYSE:WAB ) Q2 2024 Earnings Call Transcript July 24, 2024 8:30 AM ET Company Participants Kyra Yates - VP of IR Rafael Santana - President and CEO John Olin - CFO Conference Call Participants Daniel Imbro - Stephens Angel Castillo - Morgan Stanley Bascome Majors - Susquehanna Scott Group - Wolfe Research Jerry Revich - Goldman Sachs Ken Hoexter - Bank of America Rob Wertheimer - Melius Research Steve Barger - KeyBanc Capital Markets Operator Good morning, everyone, and welcome to the Wabtec Second Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.

Westinghouse Air Brake Technologies Corporation (WAB) Q2 2024 Earnings Call Transcript

Wabtec (WAB) raises its 2024 adjusted earnings guidance to the $7.20-$7.50 range from the prior view of $7.00-$7.40.

Wabtec (WAB) Q2 Earnings & Revenues Beat, 2024 EPS View Up

While the top- and bottom-line numbers for Wabtec (WAB) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Wabtec (WAB) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Westinghouse Air Brake Technologies (WAB) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.85 per share. This compares to earnings of $1.41 per share a year ago.

Westinghouse Air Brake Technologies (WAB) Surpasses Q2 Earnings and Revenue Estimates

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) today reported second quarter 2024 GAAP earnings per diluted share of $1.64, up 54.7% versus the second quarter of 2023. Adjusted earnings per diluted share were $1.96, up 39.0% versus the same quarter a year ago. Second quarter sales were $2.64 billion and cash from operations was $235 million. “The Wabtec team delivered another strong quarter, evidenced by robust sales and earnings per share growth,” said Rafael Santana, Wabtec's Pre.

Wabtec Reports Second Quarter 2024 Results Raised and Tightened Adjusted EPS Guidance

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CALGARY, Alberta, July 17, 2024 (GLOBE NEWSWIRE) -- Condor Energies Inc. (“Condor” or the “Company”) (TSX:CDR), a Canadian based energy transition company focused on providing stable and sustainable energy transition solutions, is pleased to announce the signing of its first LNG Framework Agreement (“Agreement”) for the utilization of liquefied natural gas (“LNG”) to fuel Kazakhstan's rail locomotives. The Agreement was also signed by Kazakhstan Temir Zholy National Company JSC (“KTZ”), the national railway operator of the Republic of Kazakhstan (“Kazakhstan”) and Wabtec Corporation (“Wabtec”) (NYSE: WAB), a U.S. based locomotive manufacturer with existing facilities in Kazakhstan.

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Wabtec's (WAB) Q2 performance is expected to be affected by rising operating expenses.

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PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced it will report 2024 second quarter results before the U.S. financial markets open on July 24, 2024. 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 2024 Earnings Release Date

Wabtec's (WAB) Green Friction Technology embarks on commercial operations in Paris, enhancing air quality in rail tunnels.

Wabtec's (WAB) Technology to Boost Paris' Rail Operations

PARIS--(BUSINESS WIRE)--Wabtec Corporation's (NYSE: WAB) Green Friction braking solution is ready to begin commercial fleet operations on the RER A rail line in the greater Paris metropolitan area, in association with Île-de-France Mobilités (IDFM) and RATP. The innovative brake friction material will improve air quality in the transit authority's tunnels and underground network by reducing particle emissions from braking. Green Friction brake linings will be deployed on all MI09 trains operati.

Wabtec's Green Friction Technology Begins Commercial Operations in Paris, Improving Air Quality in Rail Tunnels

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Wabtec's (WAB) top line gains from strong performance in the Freight and Transit segments and a robust backlog, riding the tailwind of increased demand for distribution and services.

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News for Westinghouse Air Brake Technologies Stock (WAB)