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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Shares of Westinghouse Air Brake (NYSE:WAB) moved higher by 0.3% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 5.77% year over year to $0.98, which missed the estimate of $1.03.

Recap: Westinghouse Air Brake Q4 Earnings

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) today reported fourth quarter and full year 2020 results and issued financial guidance. “Wabtec delivered strong operational performance during a year of unprecedented global challenges,” said Rafael Santana, Wabtec's president and chief executive officer. “I am proud of how our team responded to the crisis in 2020. We quickly protected our teams, kept our operations delivering for customers, and focused on liquidity, cost management,

Wabtec Reports Fourth Quarter and Full-Year 2020 Results; Issues 2021 Financial Guidance

Low operating expenses are likely to get reflected in Wabtec's (WAB) fourth-quarter 2020 earnings. Meanwhile, tepid sales due to pandemic are likely to have put pressure on the top line.

Is a Beat In Store For Wabtec Corp (WAB) in Q4 Earnings?

Air Lease

Forward Air

Low fuel costs are likely to have cushioned the bottom-line performances of Forward Air (FWRD), Air Lease (AL) and Wabtec (WAB) in Q4 despite the continued pandemic woes.

3 Transportation Stocks Poised for an Earnings Beat in Q4

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) debuted on the Human Rights Campaign Foundation's 2021 Corporate Equality Index (CEI), the standard for measuring policies and practices that promote a LGBTQ-inclusive workplace. The addition to the CEI builds upon the company's commitment to foster a culture of diversity, inclusion and belonging as outlined in its 2020 Sustainability Report. “It is an honor to be ranked by this respected authority on LGBTQ workplace equality,” said Ni

Wabtec Debuts on Human Rights Campaign's 2021 Corporate Equality Index

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced today that it secured an order from the Hyundai Rotem Company to supply several key components on train cars for Singapore Mass Rapid Transit's (MRT) new Jurong Region Line. The company will supply its advanced Metroflexx brake systems, passenger access doors, and air conditioning systems for 62 new, automated three-car trains. “The Jurong Region Line is a critical project for expanding and enhancing Singapore MRT's service,”

Wabtec Wins Metroflexx Brake System Order for Singapore Mass Rapid Transit

Norfolk Southern

Union Pacific

The U.S. operations of the Class I railroads employed the fewest number of employees in 2020 since at least 2012. Headcount at U.S. Class I rail operations totaled 120,492 employees last year, a 14% decrease compared with 140,185 employees in 2019, according to data that companies provided to the Surface Transportation Board (STB).

US Class I rail headcount tumbles 14% in 2020

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced it will report 2020 fourth quarter results before the U.S. financial markets open on Feb. 18, 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 Fourth Quarter 2020 Earnings Release Date

AL vs. WAB: Which Stock Is the Better Value Option?

AL vs. WAB: Which Stock Should Value Investors Buy Now?

Western U.S. railroad BNSF (NYSE: BRK) and rail technology provider Wabtec (NYSE: WAB) are exploring how battery-electric locomotives operate in service. The two are in the advanced testing stages for a battery-electric locomotive that will run between Barstow and Stockton, California.

BNSF, Wabtec put battery-electric locomotive to the test

FORT WORTH, Texas--(BUSINESS WIRE)--BNSF Railway Company (BNSF) and Wabtec's (NYSE: WAB) exploration of the future potential of battery-electric locomotives crosses another significant milestone this week as they begin testing the technology in revenue service between Barstow and Stockton, California. As BNSF seeks ways to further reduce its environmental impact, the advancement of battery technology offers some possible solutions. “We've got everything in place and we're ready to see how this

BNSF and Wabtec Commence Battery-Electric Locomotive Pilot Test in California

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced today the appointment of Lee Banks to its Board of Directors. Banks, 57, is President and Chief Operating Officer for Parker Hannifin Corporation, a Fortune 500 global manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. Prior to this role, Banks was an operating officer responsible for numerous product groups, as

Wabtec Appoints Lee Banks to Board of Directors

Greenbrier Companies

Reducing greenhouse gas (GHG) emissions and ensuring better energy usage and waste management are some of the short-term and long-term goals that Wabtec Corp. (NYSE: WAB) and Greenbrier Cos. (NYSE: GBX) shared in their 2020 sustainability reports.

Rail manufacturers Wabtec and Greenbrier share plans to fight climate change

Canadian National Railway Company

Canadian Pacific Kansas City Limited

Kansas City Southern

Rail is the lowest-emitting mode of freight per ton mile. This infographic shows that rail is only responsible for 6% of logistics-related greenhouse gas (GHG) emissions.

5 rail sustainability trends for 2021

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) has been notified of an unsolicited “mini-tender offer” by TRC Capital Investment Corporation, a private Canadian investment company, to purchase up to two million shares of Wabtec's common stock at a price of $59.25 per share in cash. TRC Capital's offer price is approximately 4.53% lower than the $62.06 closing price of Wabtec's common stock on October 23, 2020, the last trading day prior to the date of the offer (October 26, 2020).

Wabtec Recommends Stockholders Reject Mini-Tender Offer From TRC Capital Investment Corporation

International demand for railcars and services will drive Wabtec's freight segment (NYSE: WAB) in the fourth quarter and into 2021, executives said Thursday as they announced the rail equipment manufacturer's third-quarter earnings.  “We have a strong order pipeline internationally” in areas such as Brazil, Russia and the Commonwealth of Independent States, said Wabtec President and CEO Rafael Santana during Thursday's call.

Wabtec eyes international demand for freight services

Coronavirus-led disruptions hurt Wabtec's (WAB) Q3 sales. Improvement in the operating ratio is, however, a positive.

Wabtec (WAB) Q3 Earnings Top Estimates, 2020 EPS View Bullish

Wabtech (WAB) CEO, Rafael Santana on Q3 2020 Results - Earnings Call Transcript

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) today reported third quarter 2020 earnings per diluted share of $0.67 and adjusted earnings per diluted share of $0.95, versus earnings per diluted share of $0.48 and adjusted earnings per diluted share of $1.10 a year ago. Wabtec also updated its full-year guidance for sales in a range of $7.5 billion to $7.6 billion, GAAP earnings per diluted share to between $2.35 to $2.45, adjusted earnings per diluted share to between $3.75 and $3

Wabtec Reports Third Quarter 2020 Results; Updates 2020 Guidance

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) released today its 2020 Sustainability Report, which highlights the company's accomplishments and commitments to building a more sustainable future by developing innovative technologies, driving responsible operations, and empowering people and communities around the globe. The report can be found here. “Wabtec's position as a global transportation leader gives us a unique perspective on the trends that are impacting our customers and

Wabtec Releases 2020 Sustainability Report

Low selling, general and administrative expenses are likely to have boosted Wabtec's (WAB) Q3 performance.

Wabtec (WAB) to Report Q3 Earnings: What's in the Cards?

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) today announced the appointment of Nicole Theophilus to Executive Vice President and Chief Human Resources Officer effective immediately. Theophilus will be responsible for leading Wabtec's global HR organization, including talent management, leadership development and learning, and compensation and benefits. Theophilus succeeds Scott Wahlstrom who will be retiring from Wabtec after nearly 30 years of dedicated service. Rafael Santana,

Wabtec Appoints Nicole Theophilus Executive Vice President and Chief Human Resources Officer

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 Q3 Release

Wabtec (NYSE: WAB) plans to let go of 150 employees at its facility in Erie, Pennsylvania, amid ongoing rail volume softness exacerbated by the COVID-19 pandemic. The headcount reduction comes as the Surface Transportation Board (STB) released data this week that showed that employment levels within the U.S. operations of the Class I railroads fell 13.7% in September year-over-year (see below).

Wabtec to reduce headcount as rail industry copes with lower volumes

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced it will report third quarter 2020 results before the U.S. financial markets open on Oct. 29, 2020. 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 available

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