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Press Release
  • Wabtec Reports Second Quarter 2020 Results; Provides Guidance for 2020

    07/28/2020

    •    Delivered Strong GAAP Cash Flow from Operations of $311 Million
    •    Second Quarter Reported GAAP Earnings Per Share of $0.46; Adjusted EPS of $0.87
    •    Second Quarter Reported GAAP Income from Operations of $159 Million (9.2% Margin); Adjusted Income from Operations of $262 Million (15.1% Margin)
    •    Over $70 Million in Net Synergies Realized Year-To-Date; On-track to deliver $150 Million Net Synergies in 2020


    Pittsburgh, PA, July 28, 2020 – Wabtec Corporation (NYSE: WAB) today reported second quarter 2020 earnings per diluted share of $0.46 and adjusted earnings per diluted share of $0.87, versus earnings per diluted share of $0.…

  • Wabtec’s Trip Optimizer system surpasses 500 million miles of operation

    07/27/2020

    •    Control system saved railroads 400 million gallons of fuel
    •    Reduces railroad CO2 emissions by more than 500,000 tons per year

    PITTSBURGH, July 27, 2020 — Wabtec Corporation’s (NYSE: WAB) Trip Optimizerä system surpassed a milestone as railroads utilized the energy management system to operate their trains for more than 500 million auto miles. The system greatly reduces emissions and fuel costs for railroads worldwide.

    “Fuel is the second largest operating cost for our customers, with North American Class 1 railroads spending more than $7 billion on diesel each year,” said Peter Thomas, Wabtec’s Chief Commercial Officer for Digital…