Press Releases

Wabtec’s 2023 Sustainability Report Highlights Progress on Key Initiatives

PITTSBURGH, November 6, 2023 – 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.

https://www.wabteccorp.com/de/newsroom/press-releases/wabtec-s-2023-sustainability-report-highlights-progress-on-key-initiatives
Wabtec and Roy Hill Unveil the First FLXdrive Battery Locomotive

ERIE, PA Oct. 31, 2023 – Wabtec and its launch customer, Roy Hill, a leading iron ore miner majority owned by Australia’s most successful private company, Hancock Prospecting, have 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.

https://www.wabteccorp.com/de/newsroom/press-releases/wabtec-and-roy-hill-unveil-the-first-flxdrive-battery-locomotive
Wabtec Delivers Strong Third Quarter 2023 Results; Raises Full-Year Guidance

PITTSBURGH, October 25, 2023 – 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 a cash conversion of 116% for the third quarter 2023.

https://www.wabteccorp.com/de/newsroom/press-releases/wabtec-delivers-strong-third-quarter-2023-results-raises-full-year-guidance
Wabtec to Provide Brakes and Couplers for 640 New York City Metro System Train Cars

PITTSBURGH, Oct. 23, 2023 -- 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.

https://www.wabteccorp.com/de/newsroom/press-releases/wabtec-to-provide-brakes-and-couplers-for-640-new-york-city-metro-system-train-cars
Wabtec Declares Regular Quarterly Common Dividend

PITTSBURGH, October 20, 2023 – Wabtec Corporation (NYSE: WAB) 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.

https://www.wabteccorp.com/de/newsroom/press-releases/wabtec-declares-regular-quarterly-common-dividend-7
Wabtec Announces Third Quarter 2023 Earnings Release Date

PITTSBURGH, September 27, 2023 – 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.

https://www.wabteccorp.com/de/newsroom/press-releases/wabtec-announces-third-quarter-2023-earnings-release-date
Wabtec Comment on Progress Rail Complaint

PITTSBURGH, September 11, 2023 – Wabtec Corporation today released the following statement about the purported antitrust complaint filed  last week by Progress Rail, a Caterpillar Inc. company.

https://www.wabteccorp.com/de/newsroom/press-releases/wabtec-comment-on-progress-rail-complaint
Wabtec Delivers Strong Second Quarter 2023 Results; Raises Full-Year Guidance

PITTSBURGH, July 27, 2023 – 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 second quarter 2023.

https://www.wabteccorp.com/de/newsroom/press-releases/wabtec-delivers-strong-second-quarter-2023-results-raises-full-year-guidance
CN to Modernize 60 Additional Locomotives with Wabtec

MONTREAL and PITTSBURGH, July 26, 2023 – CN (TSX: CNR) (NYSE: CNI) and Wabtec Corporation (NYSE: WAB) announced an order to enhance an additional 60 locomotives in CN’s existing fleet through Wabtec’s modernization program. The investment supports CN’s commitment to drive growth in a sustainable manner and build success for customers, employees and communities.

https://www.wabteccorp.com/de/newsroom/press-releases/cn-to-modernize-60-additional-locomotives-with-wabtec
Wabtec Digital Mine Secures Deals with Global Mining Companies for 3,500 Gen 3 Collision Avoidance Systems

PITTSBURGH, July 24, 2023 – 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.

https://www.wabteccorp.com/de/newsroom/press-releases/wabtec-digital-mine-secures-deals-with-global-mining-companies-for-3500-gen-3-collision-avoidance-systems
Wabtec Declares Regular Quarterly Common Dividend

PITTSBURGH, July 20, 2023 – Wabtec Corporation (NYSE: WAB) 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.

https://www.wabteccorp.com/de/newsroom/press-releases/wabtec-declares-regular-quarterly-common-dividend-07-20-2023
Vale Partners with Wabtec on Alternative Fuels Study and Orders Three FLXdrive Battery-Electric Locomotives

RIO DE JANEIRO, July 13, 2023 - 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.

https://www.wabteccorp.com/de/newsroom/press-releases/vale-partners-with-wabtec-on-alternative-fuels-study-and-orders-three-flxdrive-battery-electric-locomotives
Wabtec Secures Largest Parts Agreement with PT IMECO to Support PT KAI’s Locomotive Fleet

PITTSBURGH, July 10, 2023 — Wabtec Corporation (NYSE: WAB) entered into a multi-year parts agreement with PT Imeco Inter Sarana (PT IMECO) that will support PT Kereta Api Indonesia’s (PT KAI) 150 locomotive fleet. The $190 million dollar agreement provides service kits and training to PT KAI for efficient maintenance of its locomotive fleet in the region. This technical support allows PT KAI to focus on the improvement and expansion of their passenger and freight movement service.

https://www.wabteccorp.com/de/newsroom/press-releases/wabtec-secures-largest-parts-agreement-with-pt-imeco-to-support-pt-kai-s-locomotive-fleet
Wabtec Wins Significant Component Order for Major German-Austrian Transit Consortium Project

PITTSBURGH, July 6, 2023 -- 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 German and Austria.

https://www.wabteccorp.com/de/newsroom/press-releases/wabtec-wins-significant-component-order-for-major-german-austrian-transit-consortium-project
CBH Acquires Narrow-Gauge Locomotives from Wabtec

PERTH, Australia - 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’

https://www.wabteccorp.com/de/newsroom/press-releases/cbh-acquires-narrow-gauge-locomotives-from-wabtec