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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Wabtec (WAB) delivered earnings and revenue surprises of 0.85% and 4.92%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Westinghouse Air Brake Technologies (WAB) Q4 Earnings Beat Estimates

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) today reported fourth quarter 2021 GAAP earnings per diluted share of $1.02, up 121.7% versus the fourth quarter of 2020. Adjusted earnings per diluted share were $1.18, up 20.4% versus the same quarter a year ago. Fourth quarter sales were $2.07 billion and cash from operations was $314 million. Full year 2021 earnings per diluted share was $2.96, up 36.4% versus full year 2020. Full year adjusted earnings per diluted share were $4.26

Wabtec Reports Strong 4th Quarter 2021 Results

Rising capital expenditures might have hurt Wabtec's (WAB) fourth-quarter 2021 performance.

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

Caterpillar

Union Pacific

Union Pacific Corp (NYSE: UNP) plans to purchase 20 battery-electric locomotives for testing in yard operations. The company expects the combined purchases and upgrades to yard infrastructure to exceed $100 million.

Union Pacific To Buy Battery-Electric Locomotives From Caterpillar, Wabtec

OMAHA, Neb., Jan. 28, 2022 /PRNewswire/ -- Union Pacific Railroad (NYSE: UNP) today announced plans to purchase 20 battery-electric locomotives for testing in yard operations.

Union Pacific Railroad to Assemble World's Largest Carrier-Owned Battery-Electric Locomotive Fleet

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).

Union Pacific Railroad Makes Largest Investment in Wabtec's FLXdrive Battery-Electric Locomotive

MELBOURNE, Australia & PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced an order from BHP Western Australia Iron Ore (WAIO) for two FLXdrive battery locomotives. The deal builds momentum in the market for the world's first 100-percent, battery-powered locomotive and supports the Australia-based natural resource company's plan to decarbonize its rail network. “The FLXdrive battery-electric locomotive represents the future of sustainable rail operations,” said Rogerio Mendonc

BHP Group Orders Wabtec's FLXdrive Battery Locomotives

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced it will report 2021 fourth quarter results before the U.S. financial markets open on February 16, 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 avai

Wabtec Announces Fourth Quarter 2021 Earnings Release Date

Rio Tinto plc Sponsored

Mining company Rio Tinto will be purchasing four FLXdrive battery-electric locomotives from rail technology provider Wabtec (NYSE: WAB) as part of its wider efforts to reduce scope 1 and 2 carbon emissions by 50% by 2030. The locomotives will support Rio Tinto's mining operations in the Pilbara region of western Australia.

Rio Tinto will buy 4 battery-electric locomotives from Wabtec

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) and Rio Tinto announced today an order for four FLXdrive battery-electric locomotives to support sustainable operations of the mining company's rail network in the Pilbara region of Western Australia. The 100-percent, battery-powered locomotive will help Rio Tinto's effort to achieve a 50-percent reduction in Scope 1 and 2 carbon emissions by 2030. “Our partnership with Wabtec is an investment in innovation and an acknowledgment of the

Rio Tinto Orders Wabtec FLXdrive Battery Locomotives to Reduce Emissions

Canadian National Railway Company

Canadian Pacific Kansas City Limited

GATX

J.B. Hunt Transport Services

Nordson

Norfolk Southern

Wells Fargo analyst Allison Poliniak-Cusic raised price targets for several transportation companies. The analyst raised GATX Corp's (NYSE:GATX) price target to $120 (an upside of 18%) from $110 and maintained an Overweight rating on the shares.

Wells Fargo Bumps Up Price Targets For Several Transportation Companies

Wabtec has been hit by the pandemic and only has seen a partial recovery in 2021. This feels a bit disappointing as I have some doubts on the operating execution.

Wabtec: Not Leaving The Station

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Triumph Group

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C.H. Robinson Worldwide

Covenant Logistics Group Inc

Forward Air

Landstar System

TFI International

US Xpress Enterprises

Wolfe Research analyst Scott Group downgraded the trucking sector to Underweight from Market Weight and adjusted the ratings for several related stocks. Group says while supply chains remain under "significant stress with few signs of improvement," inventory levels are finally starting to improve.

Wolfe Research Downgrades Trucking Sector To Underweight; Adjusts Ratings For Related Stocks

MASU's railway friction business is expected to fortify Wabtec's (WAB) installed base and expand its brake product portfolio.

Wabtec (WAB) Buys India-Based Rail Friction Business for $34M

HOSUR, Tamil Nadu, India--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) today announced it recently acquired the railway friction business from MASU, a leading manufacturer of friction products across the automotive and rail industry. The acquisition, which has received necessary regulatory approvals and is subject to customary closing conditions, will expand Wabtec's installed base and accelerate growth across its brake product portfolio. “MASU is a strategic acquisition for Wabtec that comp

Wabtec Acquires MASU's Railway Friction Business

Strong balance sheet and cost-cutting strategies aid Wabtec (WAB). However, high capital expenditures are a concern.

Solid Cash Balance Boosts Wabtec (WAB) Amid High Capex

MUMBAI, India--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB), a leading technology supplier for the freight and transit rail industries, announced today its locomotive plant in Marhowrah, Bihar was recognized for the Best Skill Development Program at the Tata Institute of Social Science (TISS)-Leapvault CLO Awards India. The award honors the investment Wabtec made in its employees through learning and skill development initiatives. “It is an honor to be ranked by this respected authority on w

Wabtec Wins TISS-Leapvault Award for Best Skill Development Program

BENGALURU, India--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB), a leading technology supplier for the freight and transit rail industries, announced today the Wabtec India Engineering and Technology Center (WITEC) based in Bengaluru and Hyderabad received Great Place to Work® certification. The endorsement recognizes Wabtec's focus on building a great culture and remain an employer of choice in rail technologies. “For the largest technology and engineering organization of Wabtec that has jus

Wabtec India Technology & Engineering Center Recognized as Great Place to Work®

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) released today its 2021 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. “For more than 150 years, Wabtec has looked for ways to improve safety and make a positive impact on people and the planet,” said Rafael Santana, President and CEO

Wabtec Publishes 2021 Sustainability Report and Highlights Progress Toward Key Environmental, Social and Governance Initiatives

Westinghouse Air Brake Technologies Corp (NYSE: WAB) or Wabtec signed contracts with Egyptian National Railways (ENR) to supply 100 ES30ACi Evolution Series Locomotives and a multi-year service agreement to maintain the fleet. The financial terms were not disclosed.

Wabtec Pockets Locomotive, Services Deal From Egyptian National Railways

PITTSBURGH--(BUSINESS WIRE)--Wabtec (NYSE: WAB) signed today contracts with Egyptian National Railways (ENR) to supply 100 ES30ACi Evolution Series Locomotives, as well as a multi-year service agreement to maintain the fleet. The agreement supports ENR's continued modernization effort by providing the latest, fuel-efficient locomotives needed for the growing demands on Egypt's rail infrastructure. The locomotive supply contract is funded by the European Bank for Reconstruction and Development.

Wabtec Wins Major Locomotive and Services Deal from Egyptian National Railways

ROANOKE, Va., Nov. 2, 2021 /PRNewswire/ -- Itus Digital and Wabtec today announced a partnership to deliver Asset Performance Management (APM) solutions to the mining industry.

Itus Digital & Wabtec Announce Strategic Partnership

The chip shortage and supply chain disruptions may have put pressure on Wabtec's freight segment in the third quarter, but the underlying demand is still there and should bode well for the company in the fourth quarter, executives said during Wabtec's third-quarter 2021 earnings call Wednesday. “We believe that the underlying customer demand for our products and the end market momentum remains strong” even though there may be continued headwinds from a more challenging sales and cost environment in the fourth quarter, said Wabtec (NYSE: WAB) President and CEO Rafael Santana.

Wabtec sees underlying demand amid dampening market pressures

Westinghouse Air Brake Technologies Corporation (WAB) CEO Rafael Santana on Q3 2021 Results - Earnings Call Transcript

News for Westinghouse Air Brake Technologies Stock (WAB)