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) second-quarter 2023 earnings benefit from higher sales.

Wabtec (WAB) Tops on Q2 Earnings & Revenues, Raises View

Westinghouse Air Brake Technologies (WAB) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.23 per share a year ago.

Westinghouse Air Brake Technologies (WAB) Q2 Earnings and Revenues Beat Estimates

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) today reported second quarter 2023 GAAP earnings per diluted share of $1.06, up 16.5% versus the second quarter of 2022. Adjusted earnings per diluted share were $1.41, up 14.6% versus the same quarter a year ago. Second quarter sales were $2.41 billion, up 17.5% versus the second quarter a year ago, driven by strong sales across the Freight and Transit segments. The Company generated $115 million in operating cash flow during the seco.

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

PITTSBURGH--(BUSINESS WIRE)--Wabtec (NYSE: WAB) Digital Mine, a leading provider of innovative mining solutions, announced the company received a series of orders for 3,500 of its new Generation 3 Collision Avoidance System (Gen 3 CAS) from three major global mining companies. The capabilities of the new system will drive performance and safety improvements at the customers' mining operations. "These orders demonstrate the Gen 3 CAS's value and rapid market adoption since we launched the system.

Wabtec Digital Mine Secures Deals with Global Mining Companies for 3,500 Gen 3 Collision Avoidance Systems

Westinghouse Air Brake Technologies Corporation has seen steady continuation of sales and earnings growth. The company continues to benefit from long-term tailwinds, accompanied by occasional bolt-on dealmaking. I like this strategy, although the current valuations look largely fair.

Wabtec: Railing Along On A Long-Term Growth Trajectory

RIO DE JANEIRO--(BUSINESS WIRE)--Vale announced a partnership with Wabtec Corporation (NYSE: WAB) to advance the decarbonization of the company's rail operations. The deal includes an order for three of Wabtec's FLXdrive battery locomotives and a collaboration to test ammonia as a potential clean, alternative fuel to replace diesel. The three 100% battery powered FLXdrive locomotives will be used on the Carajás Railroad (EFC), which runs the world's largest iron ore train consisting of 330 rail.

Vale partners with Wabtec on alternative fuels study and orders three FLXdrive battery electric locomotives

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) won a prestigious contract to supply passenger information systems (PIS) and pantographs for up to 504 Stadler cars as part of the VDV Tram-Train project. The order will enhance the passenger experience and power the new train cars for the transit consortium led jointly by six transportation companies from Germany and Austria. The company is responsible for the design, manufacturing, and delivery of the advanced PIS and pantograph syst.

Wabtec Wins Significant Component Order for Major German-Austrian Transit Consortium Project

PERTH, Australia--(BUSINESS WIRE)--The CBH Group (CBH) has entered into an agreement with Wabtec Corporation (NYSE: WAB) to acquire 17 narrow-gauge locomotives, marking a significant investment in expanding the co-operative's rail fleet as part of the ‘Path to 2033 Strategy'. Wabtec, a leading global provider of equipment, systems and digital solutions for the freight and transit rail sectors, will build 17 CM20ACi dual-cab, diesel-electric locomotives for CBH. The first tranche of five locomot.

CBH Acquires Narrow-Gauge Locomotives From Wabtec

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced it will report 2023 second quarter results before the U.S. financial markets open on July 27, 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 availabl.

Wabtec Announces Second Quarter 2023 Earnings Release Date

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced today its largest certified pre-owned locomotive order from six Genesee & Wyoming Inc. (G&W) subsidiaries – Buffalo & Pittsburgh Railroad; Chicago, Ft. Wayne & Eastern Railroad; Connecticut Southern Railroad; Indiana & Ohio Railway; New England Central Railroad and Providence and Worcester Railroad. The order of 69 locomotives builds upon Wabtec's certified pre-owned program and enables G&W to further.

Wabtec's Certified Pre-Owned Program Wins Its Largest Order for 69 Locomotives from Six Genesee & Wyoming Railroads

Wabtec (WAB) gains from robust growth across its Freight segment's revenues and strategic acquisition. Its shareholder-friendly approach is commendable.

Here's Why Investors Should Retain Wabtec (WAB) Stock Now

Wabtec (WAB) acquires L&M Radiator for $230 million to expand its Mining portfolio. Management expects this buyout to boost its EPS (excluding transaction costs) with immediate effect.

Wabtec (WAB) Expands Further Through $230M L&M Radiator Buyout

PITTSBURGH & HIBBING, Minn.--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced today it has acquired L&M Radiator, Inc., a leading manufacturer of heavy-duty equipment radiators and heat exchangers. “We are excited to welcome L&M Radiator to Wabtec,” said Mike Fetsko, President of Wabtec's Freight & Industrial Components business. “This transaction will further Wabtec's presence in premium heat transfer solutions and will extend and complement Wabtec's mining products portfo.

Wabtec Acquires L&M Radiator, Inc.

Westinghouse Air Brake Technologies Corporation reported double-digit net income and net sales growth, along with fleet modernization and new asset acquisitions. The company's Integration 2.0 plan, recurrent revenue, and future innovations could lead to higher stock valuations, with a potential fair price of $137 per share. Risks include supply chain disruptions, cybersecurity issues, and lack of innovation, but the company's financial situation and growth plans may outweigh these concerns.

Wabtec Does Not Look Expensive With The New Integration 2.0 Plan

Solid liquidity and higher Freight revenues aid Wabtec (WAB).

Here's Why You Should Hold Wabtec (WAB) Stock in Portfolio Now

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Investment managers with more than $100 million in assets under management (AUM) must file a 13F disclosure with the U.S. Securities and Exchange Commission (SEC) each quarter. This report includes an overview of the manager's holdings, including stocks, options, and more.

13F Season: Buffett, Burry, & Druckenmiller

GATX

Trinity Industries

Rail equipment manufacturers and rail car lessors see 2023 as a year of opportunities despite lower North American rail volumes in the first quarter. Here's what officials said about the rail car market during recent earnings calls.

Trinity Industries, GATX and Wabtec see opportunities amid headwinds

Westinghouse Air Brake Technologies Corporation. (WAB) Q1 2023 - Earnings Call Transcript.

Westinghouse Air Brake Technologies Corporation. (WAB) Q1 2023 - Earnings Call Transcript

Wabtec (WAB) first-quarter 2023 earnings benefit from higher sales.

Wabtec (WAB) Tops on Q1 Earnings & Revenues, Retains View

Westinghouse Air Brake Technologies (WAB) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.13 per share a year ago.

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

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) today reported first quarter 2023 GAAP earnings per diluted share of $0.93, up 16.3% versus the first quarter of 2022. Adjusted earnings per diluted share were $1.28, up 13.3% versus the same quarter a year ago. First quarter sales were $2.19 billion driven by strong sales across the portfolio. “The Wabtec team delivered a strong start to 2023 demonstrating continued momentum across both our Freight and Transit segments supporting a do.

Wabtec Reports Strong First Quarter 2023 Results

Solid revenues from the Freight segment as well as low debt aid Wabtec (WAB). However, high operating expenses are worrisome.

Here's Why You Should Retain Wabtec (WAB) in Your Portfolio

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced it will report 2023 first quarter results before the U.S. financial markets open on April 26, 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.

Wabtec Announces First Quarter 2023 Earnings Release Date

A recession can impact the company's revenue and margins. The dividend yield is too low.

Wabtec: No Upside And Low Dividend

Transport stocks have wavered in recent months amid renewed economic jitters. Wabtec boasts robust earnings growth, with consistency, over the coming years.

News for Westinghouse Air Brake Technologies Stock (WAB)