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Press Release
  • Wabtec Reports 3Q Results, Updates Guidance; Affirms 2019 GAAP Cash from Operations Target

    10/31/2019

    Pittsburgh, PA, October 31, 2019 – Wabtec Corporation (NYSE: WAB) today reported earnings per diluted share of $0.48 and adjusted earnings per diluted share of $1.03 in the 2019 third quarter (see reconciliation table).  The company generated GAAP cash from operations of $124 million for the quarter and affirmed its 2019 GAAP cash from operations guidance of about $900 million. Wabtec also updated its full-year guidance for adjusted sales of about $8.2 billion and adjusted earnings per diluted share to between $4.15 to $4.20.

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  • Wabtec celebrates multiple milestones of its ‘Make in India’ Project

    10/23/2019

    Factory completes one year of manufacturing, on track to roll out 100th India locomotive

    Two years ago, at the same IREE event, legacy GE Transportation announced the arrival of its first 4500 horsepower (HP) locomotive at the Mundra Port. To date, there are 135 such locomotives in revenue service with the Indian Railways, including 85 that were fully manufactured in India and is set to have 70 percent local content. Wabtec’s 6000 HP diesel-electric locomotive, the first in India, is currently undergoing test trials on Indian Railways track and is expected to enter revenue service soon.

    The state-of-the-art Marhowra factory is operated by a diverse and talented...