Financial Releases

Financial Releases

Wabtec to Acquire Trimble’s Beena Vision Business to Extend its Digital Rail Inspection Portfolio
Apr 20, 2022
PITTSBURGH --(BUSINESS WIRE)--Apr. 20, 2022-- Wabtec Corporation (NYSE: WAB), a leading global supplier for freight and transit rail, announced today the company has signed a definitive agreement to acquire Trimble’s Beena Vision business, a manufacturer of machine vision-based wayside inspection
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Wabtec’s Fort Worth Plant Celebrates its 5,000th Mining Wheel Delivery
Apr 11, 2022
FORT WORTH, Texas --(BUSINESS WIRE)--Apr. 11, 2022-- Wabtec (NYSE: WAB) celebrated the 5,000 th mining drive system wheel built at its plant in Fort Worth, TX. The milestone highlights the commercial success of the mining wheel for heavy-haul mining trucks, which set the standard for reliable and
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Wabtec Announces First Quarter 2022 Earnings Release Date
Apr 06, 2022
PITTSBURGH --(BUSINESS WIRE)--Apr. 6, 2022-- Wabtec Corporation (NYSE: WAB) announced it will report 2022 first quarter results before the U.S. financial markets open on April 27, 2022 . The company will conduct a conference call to discuss those results with analysts and investors at 8:30 a.m.
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Wabtec to Modernize 330 Norfolk Southern Locomotives
Mar 23, 2022
Extended partnership furthers railroad’s sustainability, fuel efficiency efforts ATLANTA & PITTSBURGH --(BUSINESS WIRE)--Mar. 23, 2022-- Wabtec Corporation (NYSE: WAB) announced today an additional multi-year order from Norfolk Southern (NYSE: NSC) to modernize 330 locomotives as part of its
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Wabtec and BNSF Railway Biofuels Pilot to Advance Sustainability
Mar 09, 2022
FORT WORTH, Texas & PITTSBURGH --(BUSINESS WIRE)--Mar. 9, 2022-- Wabtec (NYSE: WAB) and BNSF Railway are partnering to advance sustainability in the rail industry with a new biofuel project aimed at quantifying the impact of alternative fuels on emissions, durability, and performance in Wabtec
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Wabtec Hosts 2022 Investor Day, Outlines Strategy for Long-Term Growth and Value Creation
Mar 09, 2022
Five-year financial targets include significant margin expansion, above market growth, double-digit EPS growth, and strong cash generation Announces next phase of integration with target of $75 million to $90 million benefit Disciplined capital allocation to maintain strong financial position and
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Wabtec and Union Pacific Railroad Partner to Reduce Emissions with Higher Biodiesel Blends
Mar 08, 2022
OMAHA, Neb. and PITTSBURGH, Pa. , March 8, 2022 /PRNewswire/ -- Union Pacific Railroad (NYSE: UNP) will begin using a higher biodiesel blend in locomotives it acquired from Wabtec (NYSE: WAB). The new collaboration helps Union Pacific as it works to increase the percentage of low-carbon fuels
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Wabtec Donates $100,000 to Support Ukraine Refugee Relief Efforts
Mar 08, 2022
PITTSBURGH --(BUSINESS WIRE)--Mar. 8, 2022-- The Wabtec Foundation , the philanthropic arm of Wabtec Corporation (NYSE: WAB), today announced a donation of $100,000 to support Ukrainian refugee relief efforts. The donation will be split equally between the International Rescue Committee (IRC) and
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Wabtec Reports Strong 4th Quarter 2021 Results
Feb 16, 2022
Issues 2022 Financial Guidance Fourth Quarter Reported GAAP Earnings Per Share of $1.02 ; Adjusted Earnings Per Share Up 20.4% to $1.18 Sales Growth of 2.4% to $2.07 Billion ; GAAP Operating Margin of 12.7%; Adjusted Operating Margin Up 210 bps to 16.1% Full-Year Cash Flow from Operations up 36.9%
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Union Pacific Railroad Makes Largest Investment in Wabtec's FLXdrive Battery-Electric Locomotive
Jan 28, 2022
OMAHA, Neb. , Jan. 28, 2022 /PRNewswire/ --  Union Pacific Railroad (NYSE: UNP) today announced the purchase of 10 FLXdrive battery-electric locomotives from Wabtec Corporation (NYSE: WAB). The order, which marks the largest investment in battery technology by a North American railroad, will
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