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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Westinghouse Air Brake Technologies Corporation (NYSE:WAB ) Q1 2022 Earnings Conference Call April 27, 2022 8:30 AM ET Company Participants Kristine Kubacki - VP of IR Rafael Santana - President and CEO John Olin - CFO Conference Call Participants Justin Long - Stephens Jerry Revich - Goldman Sachs Ivan Yi - Wolfe Research Courtney Yakavonis - Morgan Stanley Eli Winski - Citi Rob Wertheimer - Melius Research Allison Poliniak - Wells Fargo Matt Elkott - Cowen Operator Good day and welcome to the Wabtec First Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

Westinghouse Air Brake Technologies Corporation (WAB) CEO Rafael Santana on Q1 2022 Results - Earnings Call Transcript

Wabtec (WAB) delivered earnings and revenue surprises of -0.88% and 2.26%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Westinghouse Air Brake Technologies (WAB) Q1 Earnings and Revenues Miss Estimates

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) today reported first quarter 2022 GAAP earnings per diluted share of $0.80, up 35.6% versus the first quarter of 2021. Adjusted earnings per diluted share were $1.13, up 27.0% versus the same quarter a year ago. First quarter sales were $1.93 billion and cash from operations was $161 million. “The Wabtec team made solid progress in the quarter against our long-term strategy by delivering profitable growth and continued margin expansion

Wabtec Reports Strong 1st Quarter 2022 Results

Supply-chain disruptions and the rising capex might have hurt Wabtec's (WAB) first-quarter 2022 performance.

What's in the Offing for Wabtec (WAB) This Earnings Season?

The technology will continue to get even better.

This Company Is Leading the Hybrid Train Charge

PITTSBURGH--(BUSINESS WIRE)--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 systems for the railroad industry. The acquisition is subject to customary closing conditions and financial terms were not disclosed. “Beena Vision's systems, coupled with Wabtec's TrackIQ portfolio, will create a comp

Wabtec to Acquire Trimble's Beena Vision Business to Extend its Digital Rail Inspection Portfolio

Canadian National Railway Company

Canadian Pacific Kansas City Limited

GATX

Norfolk Southern

Union Pacific

As the Class I railroads gear up for earnings season this week and next, commentary about the first quarter of 2022 will likely include discussion about how the railroads' recent hiring initiatives will translate into improving service metrics in the second half of the year. However, a potential softening in freight transportation demand plus higher inflation rates are market factors that could weigh on the second half of 2022.

Q1 rail earnings preview: Service metrics, headcount, macro uncertainties

FORT WORTH, Texas--(BUSINESS WIRE)--Wabtec (NYSE: WAB) celebrated the 5,000th 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 fuel-efficient performance in the mining industry. “In a decade, this team helped start up Wabtec's mining plant and build 5,000 high-quality mining wheels for our customers,” said Rogerio Mendonca, Wabtec's President o

Wabtec's Fort Worth Plant Celebrates its 5,000th Mining Wheel Delivery

PITTSBURGH--(BUSINESS WIRE)--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. 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 2022 Earnings Release Date

Norfolk Southern plans to modernize 300 more locomotives with help from Wabtec as part of NS' broader initiative to reduce carbon emissions and improve fuel efficiency. Wabtec (NYSE: WAB) has already modernized 500 locomotives belonging to NS (NYSE: NSC), both companies announced last August.

Norfolk Southern, Wabtec to modernize 300 NS locomotives

ATLANTA & PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced today an additional multi-year order from Norfolk Southern (NYSE: NSC) to modernize 330 locomotives as part of its continued partnership. This deal is part of Norfolk Southern's ongoing efforts to further improve fuel efficiency and reduce emissions from its fleet. With each modernized locomotive, Norfolk Southern's carbon emissions are reduced by more than 500 tons per year. The deal marks the third major moderniza

Wabtec to Modernize 330 Norfolk Southern Locomotives

Wabtec (WAB) reported earnings 30 days ago. What's next for the stock?

Wabtec (WAB) Down 1.9% Since Last Earnings Report: Can It Rebound?

In an environment-friendly initiative, Wabtec (WAB) and BNSF Railway are set to begin testing biofuel in the second quarter of 2022.

Wabtec (WAB), BNSF Railway Team Up to Begin Biofuel Pilot

FORT WORTH, Texas & PITTSBURGH--(BUSINESS WIRE)--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 locomotives. “The rail industry is intently focused on reducing its environmental footprint by exploring emerging technologies,” said Bob Bremmer, Group Vice President for Wabtec's Fleet Innovation and Transformation div

Wabtec and BNSF Railway Biofuels Pilot to Advance Sustainability

Union Pacific's (UNP) partnership with Wabtec is aimed at helping the former increase the percentage of low-carbon fuel consumed to 10% of its total diesel consumption by 2025 and 20% by 2030.

Union Pacific (UNP) Partners With Wabtec to Reduce Emissions

Union Pacific will be testing higher biodiesel blends for the locomotives it acquired from Wabtec as part of UP's wider efforts to increase the consumption of low-carbon fuels over the next eight years. Starting in the second quarter, UP (NYSE: UP) will be testing B20 biodiesel and R55 renewable diesel on Wabtec FDL engines operating in California, with plans to up the percentage of biofuels used as testing continues.

Union Pacific to test higher biodiesel blends on Wabtec locomotives

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) is hosting its virtual 2022 Investor Day meeting today, beginning at 8 a.m. ET. During the event, Wabtec leadership will provide updates on the industry and the company's five-year outlook, including its long-term growth strategy, margin expansion drivers, and capital allocation plans. Wabtec's Investor Day meeting, along with the corresponding presentation, can be accessed on the Investor Relations tab at www.WabtecCorp.com. “Wabtec i

Wabtec Hosts 2022 Investor Day, Outlines Strategy for Long-Term Growth and Value Creation

Wabtec and Union Pacific Railroad Partner to Reduce Emissions with Higher Biodiesel Blends

PITTSBURGH--(BUSINESS WIRE)--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 World Central Kitchen, which are in the region helping the growing number of civilians leaving Ukraine. “In times like this, it's important for the world to come together to support those most impacted by this conflict

Wabtec Donates $100,000 to Support Ukraine Refugee Relief Efforts

Wabtec (WAB) banks on strong liquidity and higher sales. However, high capex is a concern.

Solid Liquidity Boosts Wabtec (WAB) Amid High Capital Expense

Carnival

Deere & Company

EPAM Systems

McDonald's

Mondelez

Mohawk Industries

PepsiCo

Philip Morris

The Russia-Ukraine crisis continues to impact global markets, with investor sentiment largely inclined towards risk-off investment assets. We have seen stock markets and crypto fluctuate heavily over the past few weeks as the geopolitical tensions mounted.

10 S&P 500 companies with highest revenue exposure to Russia

The tensions between Russia and Ukraine are flaring up after Russian President Vladimir Putin recognized the independence of two separatist regions in eastern Ukraine and positioned Russian troops in these regions. Following the development, Western nations are contemplating sanctions.

10 S&P 500 Stocks With Highest Revenue Exposure To Russia, Ukraine

Supply-chain disruptions hurt Wabtec's (WAB) Q4 sales to the tune of 3-4%.

Wabtec's (WAB) Q4 Earnings Beat Estimates, Increase Y/Y

Rail technology provider Wabtec saw fourth-quarter 2021 net income grow 116% to $190 million, or $1.02 per diluted share, compared with $88 million, or 46 cents per diluted share, in the fourth quarter of 2020. Adjusted earnings per diluted share was $1.18, which is 20.4% higher year-over-year.

Wabtec Q4 net income climbs on higher gross profit

Westinghouse Air Brake Technologies Corporation (WAB) CEO Rafael Santana on Q4 2021 Results - Earnings Call Transcript

News for Westinghouse Air Brake Technologies Stock (WAB)