Financial Releases

Financial Releases

Wabtec and CSX Extend Deal to Modernize over 200 Locomotives
Feb 13, 2024
PITTSBURGH --(BUSINESS WIRE)--Feb. 13, 2024-- Wabtec Corp. (NYSE: WAB) and CSX Corp. (NASDAQ: CSX) signed a deal for over 200 locomotive modernizations featuring a suite of digital solutions, innovations, and services. The agreement will transform the remaining AC4400 locomotives in CSX’s fleet
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Wabtec Wins Major Door and HVAC Contract for Norske Tog’s New Train Fleet
Feb 12, 2024
PITTSBURGH --(BUSINESS WIRE)--Feb. 12, 2024-- Wabtec Corporation (NYSE: WAB) won a major order to supply sustainable heating, ventilation, and air-conditioning (HVAC) units and efficient door systems for Norway -based Norske Tog’s new regional trains.
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Wabtec Awarded $157 Million Brake System Order from Siemens Limited
Jan 24, 2024
HOSUR, January 24, 2024 — Wabtec Corporation (NYSE: WAB) announced today a large brake system order from the Mobility Business of Siemens India Private Limited for the prestigious 9000HP locomotive project for Indian Railways. The $157 million (Rs.1300 crore) order will provide improved operating
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Wabtec’s Trip OptimizerTM Surpasses 1 Billion Miles Significantly Reducing the Rail Industry’s Fuel Consumption and Emissions
Jan 17, 2024
752 million gallons of fuel saved 7.7 million tons of emissions reductions PITTSBURGH --(BUSINESS WIRE)--Jan. 17, 2024-- Wabtec’s (NYSE: WAB) Trip Optimizer surpassed a major milestone as railroads used the energy-management software to efficiently operate their trains for more than 1 billion auto
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Wabtec Announces Fourth Quarter 2023 Earnings Release Date
Jan 10, 2024
PITTSBURGH --(BUSINESS WIRE)--Jan. 10, 2024-- Wabtec Corporation (NYSE: WAB) announced it will report 2023 fourth quarter results before the U.S. financial markets open on February 14, 2024 . The company will conduct a conference call to discuss those results with analysts and investors at 8:30
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Wabtec Announces Railcar Telematics Platform
Dec 14, 2023
PITTSBURGH --(BUSINESS WIRE)--Dec. 14, 2023-- Wabtec (NYSE: WAB) announced today its entrance into the railcar telematics market via an agreement with Intermodal Telematics B.V. (“IMT”), a Dutch company, under which Wabtec will create a railcar telematics platform using IMT technology.
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Wabtec Earns Top Score in Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index
Dec 04, 2023
PITTSBURGH --(BUSINESS WIRE)--Dec. 4, 2023-- Wabtec (NYSE: WAB) announced today that it received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related
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Wabtec’s 2023 Sustainability Report Highlights Progress on Key Initiatives
Nov 06, 2023
PITTSBURGH --(BUSINESS WIRE)--Nov. 6, 2023-- Wabtec Corporation (NYSE: WAB) released today its 2023 Sustainability Report highlighting the company’s vision and progress on key environmental, social, and governance (ESG) commitments. The company’s strategy is to contribute to a better, more
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Wabtec and Roy Hill Unveil the First FLXdrive Battery Locomotive
Oct 31, 2023
World’s first 100% battery-powered, heavy-haul freight locomotive for mainline service ERIE, Pa. --(BUSINESS WIRE)--Oct. 31, 2023-- Wabtec and its launch customer, Roy Hill , a leading iron ore miner majority owned by Australia’s most successful private company, Hancock Prospecting, celebrated the
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Wabtec Delivers Strong Third Quarter 2023 Results; Raises Full-Year Guidance
Oct 25, 2023
GAAP Earnings Per Share of $1.33 , Up 51.1%; Adjusted Earnings Per Share of $1.70 , Up 39.3% Sales Growth of 22.5% to $2.55 Billion ; Freight Segment Sales Growth of 23.4% and Transit Segment Sales Growth of 20.0% GAAP Operating Margin at 14.5%; Adjusted Operating Margin Up 1.5 pts to 17.9% Strong
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