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  • GE Transportation Delivers First Two Locomotives in Indian Railways Partnership

    02/22/2018

    LUCKNOW, February 22, 2018 – (NYSE:GE) – GE today announced the delivery of two 4,500-horsepower diesel-electric Evolution series locomotives to Indian Railways in the presence of Shri Ashwani Lohani, Chairman of the Indian Railway Board and senior dignitaries from Indian Railways at an event in Lucknow.

    The locomotives have been made under the $2.5 billion agreement signed in 2015 as part of the Government of India’s Public Private Partnership ‘Make in India’ program to develop and supply 1,000 fuel-efficient diesel-electric Evolution Series locomotives.

    GE has also unveiled the state-of-the-art Roza Maintenance Shed in the Shahjahanpur district…

  • WABTEC REPORTS RESULTS FOR 2017 4Q AND FULL YEAR, ISSUES 2018 FINANCIAL GUIDANCE

    02/20/2018

    WILMERDING, PA, Feb. 20, 2018 – Wabtec Corporation (NYSE: WAB) today reported results for the 2017 fourth quarter and full year, and issued 2018 financial guidance.            
     
    2017 Summary
     
    In the fourth quarter of 2017, Wabtec had sales of $1.08 billion and GAAP earnings per diluted share of 51 cents.  Excluding certain items related to the integration of Faiveley Transport (see discussion and reconciliation table below), the company had adjusted earnings per diluted share of 90 cents.
    For the full year of 2017, Wabtec had sales of $3.88 billion and GAAP earnings per diluted share of $2.72.  Excluding…