Articles from Wabtec Corporation

Wabtec Corporation (NYSEWAB) today announced a US$248 million order for Evolution Series ES43ACmi locomotives and services from Winning Consortium Simandou (WCS, a Baowu & Winning joint venture) to support their rail operations at the high-grade iron ore project, located in the east of Guinea. The agreement follows a locomotive order a few months earlier from SimFer (a Rio Tinto joint venture) to serve its operations at Simandou. The combined orders for the project, valued at more than half a billion, represent one of Wabtec’s largest international locomotive agreements in the past five years.

Wabtec Corporation (NYSEWAB) announced a definitive agreement to acquire Evident’s Inspection Technologies division (Inspection Technologies), formerly part of the Scientific Solutions Division of Olympus Corporation, a global leader in Non-Destructive Testing, Remote Visual Inspection and Analytical Instruments solutions for mission critical assets. Recognized for its industry-leading brands and reference-standard technologies, Inspection Technologies brings highly attractive and complementary technologies to Wabtec’s Digital Intelligence business. This acquisition positions Wabtec for accelerated, profitable growth while reinforcing its strong commitment to enhancing customer productivity, reliability and safety.

Wabtec Corporation (NYSEWAB) announced it will report 2024 fourth quarter results before the U.S. financial markets open on February 12, 2025. 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 available by calling 1-877-344-7529 or 1-412-317-0088 (access code: 3404117).

Wabtec Corporation (NYSEWAB) announced today it has acquired Bloom Engineering, Inc., a leading provider in industrial heating applications. This acquisition strengthens Wabtec’s portfolio of heat transfer and energy solutions, integrating Bloom Engineering’s advanced technologies in burners, combustion systems, and overall services for industrial and process heating applications. The combination of Bloom Engineering with Wabtec’s existing portfolio of products and services will accelerate global growth in this highly profitable segment, while providing increased value to its worldwide customer base.

Wabtec Corporation (NYSEWAB) announced today a strategic investment in its Transit Business with the acquisitions of Fanox and Kompozitum. These additions position Wabtec’s business unit for long-term profitable growth by expanding its capabilities, product portfolio, and customer base.

Wabtec Corporation (NYSEWAB) today reported third quarter 2024 GAAP earnings per diluted share of $1.63, up 22.6% versus the third quarter of 2023. Adjusted earnings per diluted share were $2.00, up 17.6% versus the same quarter a year ago. Third quarter sales were $2.66 billion and cash from operations was $542 million.

Wabtec Corporation (NYSEWAB) announced today that its Board of Directors declared a regular quarterly common dividend of 20 cents per share, payable on November 27, 2024, to holders of record on November 13, 2024.

Wabtec Corporation (NYSEWAB) announced it will report 2024 third quarter results before the U.S. financial markets open on October 23, 2024. 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 available by calling 1-877-344-7529 or 1-412-317-0088 (access code: 7519289).

Wabtec Corporation (NYSEWAB) today announced an order for Evolution Series ES43ACmi locomotives from SimFer, a joint venture among the Government of the Republic of Guinea, Rio Tinto, and Chalco Iron Ore Holdings (CIOH). The order, valued at $277 million, will provide a locomotive fleet to service the rail operations for the Simandou high-grade iron ore project, located in the east of Guinea.

Wabtec Corporation (NYSEWAB) today reported second quarter 2024 GAAP earnings per diluted share of $1.64, up 54.7% versus the second quarter of 2023. Adjusted earnings per diluted share were $1.96, up 39.0% versus the same quarter a year ago. Second quarter sales were $2.64 billion and cash from operations was $235 million.

Wabtec Corporation (NYSEWAB) announced today that its Board of Directors declared a regular quarterly common dividend of 20 cents per share, payable on August 28, 2024, to holders of record on August 14, 2024.

Wabtec Corporation (NYSEWAB) announced it will report 2024 second quarter results before the U.S. financial markets open on July 24, 2024. 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 available by calling 1-877-344-7529 or 1-412-317-0088 (access code: 1950853).

Wabtec Corporation’s (NYSEWAB) Green Friction braking solution is ready to begin commercial fleet operations on the RER A rail line in the greater Paris metropolitan area, in association with Île-de-France Mobilités (IDFM) and RATP. The innovative brake friction material will improve air quality in the transit authority’s tunnels and underground network by reducing particle emissions from braking.

Wabtec Corporation (NYSEWAB) announced today that its Board of Directors declared a regular quarterly common dividend of 20 cents per share, payable on June 11, 2024, to holders of record on May 28, 2024.

Wabtec Corporation (NYSEWAB) today reported first quarter 2024 GAAP earnings per diluted share of $1.53, up 64.5% versus the first quarter of 2023. Adjusted earnings per diluted share were $1.89, up 47.7% versus the same quarter a year ago. First quarter sales were $2.50 billion and cash from operations was $334 million.

Wabtec Corporation (NYSEWAB) announced today a digital solutions agreement with Australian Rail Track Corporation (ARTC). The two companies will collaborate on developing one of the few approaches being considered to address interoperability of rail systems in Australia.

Wabtec Corporation (NYSEWAB) announced it will report 2024 first quarter results before the U.S. financial markets open on April 24, 2024. 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 available by calling 1-877-344-7529 or 1-412-317-0088 (access code: 9975952).

Wabtec Corporation (NYSEWAB) announced today the appointment of Kyra Yates as Vice President of Investor Relations effective March 18, 2023. In this role, Yates will be responsible for communicating Wabtec’s vision, strategy, financial performance, and future expectations to our shareholders and the financial community. She will succeed Kristine Kubacki, who has held the role since 2019.

Wabtec (NYSEWAB) launched today its Shuttlewagon Commander NXT, the next generation of railcar movers. The NXT series will provide the railcar moving industry improved performance, reliability, and efficiency.

Wabtec Corporation (NYSEWAB) (“Wabtec”) today announced that it has priced a public offering of $500 million aggregate principal amount of 5.611% Senior Notes due 2034 (the “Notes”). The Notes will be guaranteed by each of Wabtec’s current and future subsidiaries that guarantee its indebtedness under its credit agreements or any other debt of Wabtec or any other guarantor.

MRS Logística (MRSA-MB) and Wabtec Corporation (NYSEWAB) announced an agreement for 30 new Evolution Series locomotives. The deal is valued at around R$500 million with the first deliveries scheduled for 2024. The purchase is part of MRS’s railway fleet renewal strategy and reinforces the almost 30-year relationship between the two companies.

Wabtec Corporation (NYSEWAB) today reported fourth quarter 2023 GAAP earnings per diluted share of $1.20, up 39.5% versus the fourth quarter of 2022. Adjusted earnings per diluted share were $1.54, up 18.5% versus the same quarter a year ago. Fourth quarter sales were $2.53 billion and cash from operations was $686 million. Full year 2023 GAAP earnings per diluted share was $4.53, up 30.9% versus full year 2022. Full year adjusted earnings per diluted share were $5.92, up 21.8% versus full year 2022. Total 2023 sales were $9.68 billion and cash from operations was a record high of $1.20 billion.

Wabtec Corporation (NYSEWAB) 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. The new doors and Green Air HVAC systems provide the customer with improved cost savings, efficiency, sustainability, and an enhanced passenger experience.

Wabtec’s (NYSEWAB) Trip Optimizer surpassed a major milestone as railroads used the energy-management software to efficiently operate their trains for more than 1 billion auto miles, the equivalent of more than 40,000 trips around the Earth. The 12,000 locomotives worldwide using the Trip Optimizer system accounted for significant reductions in fuel consumption and emissions for the rail industry.

Wabtec Corporation (NYSEWAB) 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 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 available by calling 1-877-344-7529 or 1-412-317-0088 (access code: 4474477).

Wabtec (NYSEWAB) 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 (NYSEWAB) 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.

Wabtec Corporation (NYSEWAB) 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.

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 government and community officials.

Wabtec Corporation (NYSEWAB) 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 a cash conversion of 116% for the third quarter 2023.

Wabtec Corporation (NYSEWAB) 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.

Wabtec Corporation (NYSEWAB) announced today that its Board of Directors declared a regular quarterly common dividend of 17 cents per share, payable on November 29, 2023 to holders of record on November 15, 2023.

Wabtec Corporation (NYSEWAB) 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 available by calling 1-877-344-7529 or 1-412-317-0088 (access code: 7429760).

Wabtec Corporation today released the following statement about the purported antitrust complaint filed last week by Progress Rail, a Caterpillar Inc. company:

Wabtec Corporation (NYSEWAB) 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 second quarter 2023.

Wabtec (NYSEWAB) 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.

Wabtec Corporation (NYSEWAB) announced today that its Board of Directors declared a regular quarterly common dividend of 17 cents per share, payable on August 28, 2023, to holders of record on August 14, 2023.

Vale announced a partnership with Wabtec Corporation (NYSEWAB) 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.

Wabtec Corporation (NYSEWAB) 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 CBH Group (CBH) has entered into an agreement with Wabtec Corporation (NYSEWAB) 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 Corporation (NYSEWAB) 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 available by calling 1-877-344-7529 or 1-412-317-0088 (access code: 7103421).

Wabtec Corporation (NYSEWAB) 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 enhance its fleet of locomotives.

Wabtec Corporation (NYSEWAB) announced today it has acquired L&M Radiator, Inc., a leading manufacturer of heavy-duty equipment radiators and heat exchangers.

Wabtec Corporation (NYSEWAB) announced today that its Board of Directors declared a regular quarterly common dividend of 17 cents per share, payable on June 9, 2023 to holders of record on May 30, 2023.

Wabtec Corporation (NYSEWAB) 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.

Wabtec Corporation (NYSEWAB) 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. An audio replay of the call will be available by calling 1-877-344-7529 or 1-412-317-0088 (access code: 4647602).

Wabtec Corporation (NYSEWAB) announced today leadership moves aimed at accelerating the long-term growth strategy in the Services and Transit businesses, as well as the company’s overall sustainability, and business development initiatives.

Wabtec Corporation (NYSEWAB) released today its 2022 Sustainability Report highlighting the company’s progress on key environmental, social, and governance (ESG) commitments. The company is focused on creating a sustainable future through innovative technologies, responsible operations, and empowering people and communities.

Wabtec Corporation (NYSEWAB) today reported fourth quarter 2022 GAAP earnings per diluted share of $0.86, down 15.7% versus the fourth quarter of 2021. Adjusted earnings per diluted share were $1.30, up 10.2% versus the same quarter a year ago. Fourth quarter sales were $2.31 billion and cash from operations was $410 million.

Wabtec Corporation (NYSEWAB) announced it will report 2022 fourth quarter results before the U.S. financial markets open on February 15, 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 available by calling 1-877-344-7529 or 1-412-317-0088 (access code: 9828578).

Wabtec Corporation’s (NYSEWAB) DistanceMaster solution took a major step toward improving braking performance for transit rail operators with the certification of the company’s adaptive wheel slide protection (WSP) technology. The solution addresses the wheel and rail adhesion bottleneck enabling transit systems to improve efficiency and increase network capacity.

Wabtec Corporation (NYSEWAB), a leading global supplier for freight and transit rail, announced today a definitive agreement to acquire Super Metal, a supplier of automated vehicles and equipment solutions that support rail operations. Super Metal is one of the leading Brazilian companies in the maintenance of way segment in the rail industry. This acquisition complements our Nordco acquisition and accelerates our strategy to expand into international markets. The financial terms of the acquisition were not disclosed.

The Wabtec Foundation, the philanthropic arm of Wabtec Corporation (NYSEWAB), today announced a donation of $25,000 to support local relief efforts in Florida following Hurricanes Ian and Nicole. The donation is being made to the Red Cross.

Wabtec Corporation (NYSEWAB) today reported third quarter 2022 GAAP earnings per diluted share of $0.88, up 27.5% versus the third quarter of 2021. Adjusted earnings per diluted share were $1.22, up 7.0% versus the same quarter a year ago. Third quarter sales were $2.08 billion, and cash from operations was $204 million.

Wabtec Corporation (NYSEWAB) announced today that its Board of Directors declared a regular quarterly common dividend of 15 cents per share, payable on November 28, 2022 to holders of record on November 14, 2022.

Wabtec Corporation (NYSEWAB) announced today it will highlight its portfolio of integrated mining systems at Bauma, the world's leading trade show for construction machinery, building material machines, mining machines, construction vehicles and equipment, held in Munich, Germany, from October 24-30. The company will showcase how its solutions are advancing electrification and sustainability for the mining industry.

Wabtec Corporation (NYSEWAB) signed a services contract with Akiem, a leading European rolling stock leasing company, to provide maintenance of critical equipment for locomotive fleets in Europe. The deal will improve safety, reliability, and availability of rolling stock for Akiem’s customers.

Wabtec Corporation (NYSEWAB) announced it will report 2022 third quarter results before the U.S. financial markets open on November 1, 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 available by calling 1-877-344-7529 or 1-412-317-0088 (access code: 2053871).

Wabtec (NYSEWAB) and Kazakhstan Temir Zholy (KTZ) signed a historic memorandum of understanding (MOU) for 150 FLXdriveTM battery-electric shunters and modernization work to transform the mainline fleet into NextFuelTM liquid natural gas-powered (LNG) locomotives. The investment marks the largest sustainable technology agreement by the CIS railroad, and will further revolutionize KTZ’s mainline and yard operations, while significantly reducing greenhouse gas emissions and operating costs.

Wabtec Corporation (NYSEWAB) won an order to supply 300 half-height platform screen doors across Metro de Panama’s L3 monorail stations being built by Hitachi Rail, as part of the Grupo de Empresas Sunrise Monorail. It marks Wabtec’s first project in Central America.

Wabtec Corporation (NYSEWAB) announced today that it signed an amended and restated credit agreement that will increase the size of its existing revolving credit facility from $1.2 billion to $1.5 billion and added a $250 million delayed draw term loan facility. The facility, previously due to expire in June 2023, now has a maturity date of August 2027. The terms and provisions of the new facility are materially unchanged from the existing credit facility, subject to a pricing structure change revising the LIBOR-based pricing grid to a SOFR-based pricing grid, among other business-specific changes.

Wabtec Corporation (NYSEWAB) celebrated the grand opening of its first Transit Performance Optimization Center (TPOC) for Europe. The new center, located in Derby UK, was created to help transit sector customers improve operational performance and reduce service costs and lost productivity through real-time monitoring and analytics.

Wabtec Corporation (NYSEWAB) today reported second quarter 2022 GAAP earnings per diluted share of $0.91, up 37.9% versus the second quarter of 2021. Adjusted earnings per diluted share were $1.23, up 16.0% versus the same quarter a year ago. Second quarter sales were $2.05 billion and cash from operations was $263 million.

Wabtec Corporation (NYSEWAB) announced today that its Board of Directors declared a regular quarterly common dividend of 15 cents per share, payable on August 29, 2022 to holders of record on August 15, 2022.

Wabtec Corporation (NYSEWAB) announced today a contract to supply heating, ventilation, and air conditioning (HVAC) units for 56 new Stadler trains that will be operated by the Metropolitan Atlanta Rapid Transit Authority (MARTA). The state-of-the-art systems will provide passengers with a comfortable commute, especially during the hot and humid Atlanta summers.

Wabtec Corporation (NYSEWAB) announced it will report 2022 second quarter results before the U.S. financial markets open on August 5, 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 available by calling 1-877-344-7529 or 1-412-317-0088 (access code: 3578102).

Wabtec Corporation (NYSEWAB) announced the appointment of Beverley Babcock to its Board of Directors, effective today.

Wabtec Corporation (NYSEWAB), a leading global supplier for freight and transit rail, has acquired Collins Aerospace’s ARINC rail solutions business segment, a provider of intelligence-based rail dispatch and back-office solutions. The financial terms of the acquisition were not disclosed.

Wabtec (NYSEWAB) launched its new Precision Dispatch System today with an order from CN (TSX: CNR) NYSE: CNINYSECNI)

Wabtec Corporation’s (NYSEWAB) Board of Directors today announced the retirement of Directors Lee Foster and Michael Howell upon reaching the Board’s retirement age. The retirements were effective May 18, 2022.

Wabtec Corporation (NYSEWAB) announced today that its Board of Directors declared a regular quarterly common dividend of 15 cents per share, payable on May 27, 2022 to holders of record on May 20, 2022.

Wabtec Corporation (NYSEWAB) 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.

Wabtec Corporation (NYSEWAB), 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.

Wabtec (NYSEWAB) 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.

Wabtec Corporation (NYSEWAB) 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 available by calling 1-877-344-7529 or 1-412-317-0088 (access code: 6929404).