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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Does Westinghouse Air Brake Technologies (WAB) have what it takes to be a top stock pick for momentum investors? Let's find out.

Westinghouse Air Brake Technologies (WAB) Is Up 3.11% in One Week: What You Should Know

Westinghouse Air Brake Technologies is expected to continue its strong performance due to strong underlying demand and a robust backlog. New order wins in Kazakhstan will further boost the company's revenue in 2024. The valuation is reasonable.

Westinghouse Air Brake Technologies: Good Growth Prospects

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A top Big Cap 20 component, transportation systems equipment provider Wabtec is breaking out while trading just above a buy point.

Transit Equipment Maker Wabtec Is A Standout Among Big Cap Stocks

Wabtec (WAB) aims to produce telematics technology for rail cars. The product is likely to be ready in the first quarter of 2024.

Wabtec (WAB) Announces Entry Into Railcar Telematics Market

PITTSBURGH--(BUSINESS WIRE)--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. Wabtec's new railcar telematics platform will deliver real-time information to railcar and tank container owners and operators, allowing them to turn rail cargo into smart, connected assets. Wabtec plans to begin offering this ra.

Wabtec Announces Railcar Telematics Platform

Wabtec (WAB) raises its 2023 sales view in the $9.50-$9.70 billion range (prior view: $9.25-$9.50 billion).

Wabtec (WAB) Touches 52-Week High: What's Driving the Stock?

PITTSBURGH--(BUSINESS WIRE)--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 to LGBTQ+ workplace equality. The recognition comes as Wabtec makes significant year-over-year progress on all diversity, equity, and inclusion targets. “We are committed to advancing a diverse and inclusive workfor.

Wabtec Earns Top Score in Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index

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Wabtec (WAB) raises its 2023 sales view in the range of $9.50-$9.70 billion (prior view: $9.25-$9.50 billion).

6 Reasons Why You Should Add Wabtec (WAB) to Your Portfolio

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PITTSBURGH--(BUSINESS WIRE)--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 sustainable world through its unique business offerings, leading technologies, and sustainable business practices, while creating value for customers, employees, and other stakeholders. “Sustainability is a collective journe.

Wabtec's 2023 Sustainability Report Highlights Progress on Key Initiatives

ERIE, Pa.--(BUSINESS WIRE)--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 debut of the FLXdrive battery locomotive, the world's first 100% battery-powered, heavy-haul locomotive for mainline service. The ceremony unveiled the unique, striking pink-colored locomotive at Wabtec's design and development center in Pennsylvania in front of employees, customer executives, and govern.

Wabtec and Roy Hill Unveil the First FLXdrive Battery Locomotive

Wabtec (WAB) third-quarter 2023 revenues grew 22.5% year over year on the back of higher sales of the Freight and Transit segments.

Wabtec (WAB) Q3 Earnings & Revenues Top Estimates, View Up

Westinghouse Air Brake Technologies Corporation. (NYSE:WAB ) Q3 2023 Earnings Conference Call October 25, 2023 8:30 AM ET Company Participants Kristine Kubacki - VP, IR Rafael Santana - CEO, President & Director John Olin - EVP & CFO Conference Call Participants Justin Long - Stephens Jerry Revich - Goldman Sachs Nathan Ho - Bank of America Ivan Yi - Wolfe Research Matthew Elkott - TD Cowen Saree Boroditsky - Jefferies Robert Wertheimer - Melius Research Steve Barger - KeyBanc Capital Markets Operator Good morning, and welcome to Wabtec Corporation Third Quarter 2023 Earnings Conference Call.

Westinghouse Air Brake Technologies Corporation (WAB) Q3 2023 Earnings Call Transcript

Westinghouse Air Brake Technologies (WAB) came out with quarterly earnings of $1.70 per share, beating the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.22 per share a year ago.

Westinghouse Air Brake Technologies (WAB) Q3 Earnings and Revenues Surpass Estimates

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) today reported third quarter 2023 GAAP earnings per diluted share of $1.33, up 51.1% versus the third quarter of 2022. Adjusted earnings per diluted share were $1.70, up 39.3% versus the same quarter a year ago. Third quarter sales were $2.55 billion, up 22.5% versus the third quarter a year ago, driven by strong sales across the Freight and Transit segments. The Company generated strong operating cash flow of $425 million resulting in.

Wabtec Delivers Strong Third Quarter 2023 Results; Raises Full-Year Guidance

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) will provide brakes and couplers for 640 MTA New York City Transit (NYCT) train cars via its client Kawasaki Rail Car, Inc. The multi-million-dollar order for service-proven equipment provides seamless interoperability with other subway fleets in the New York City Transit System (NYCTS). The commonality of brake control components across the fleets benefits the transit authority with maintainability and inventory advantages. “We are de.

Wabtec to Provide Brakes and Couplers for 640 New York City Metro System Train Cars

Westinghouse Air Brake Technologies Corp. is a global tech-driven solutions provider for freight rail and public transit. The company's financials show a market value of ~$19.04 billion and a Return on Invested Capital of 5%. Wabtec strategically utilized acquisitions, including the purchase of GE Transportation, to drive growth and expand its market presence.

Westinghouse Air Brake Technologies: Too Overvalued For My Liking

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced it will report 2023 third quarter results before the U.S. financial markets open on October 25, 2023. 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 availa.

Wabtec Announces Third Quarter 2023 Earnings Release Date

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Wabtec (WAB) raises its 2023 sales view in the range of $9.25-$9.50 billion (prior view: $8.7-$9 billion).

Here's Why You Should Add Wabtec (WAB) to Your Portfolio

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PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation today released the following statement about the purported antitrust complaint filed last week by Progress Rail, a Caterpillar Inc. company: “We believe that Progress Rail's recent complaint against Wabtec at its core is an unsupported attack on the merger of Wabtec and GE Transportation, which was completed over four years ago. The merger has provided benefits to the entire industry, as well as Progress Rail itself. Progress Rail actively partici.

Wabtec Comment on Progress Rail Complaint

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News for Westinghouse Air Brake Technologies Stock (WAB)