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  • Wabtec Signs Contract Worth $62 Million to Provide PTC Equipment/Services for CFRC (SunRail)


    WILMERDING, PA, February 12, 2018 – Wabtec Corporation (NYSE: WAB) has signed a contract worth about $62 million to design, install, test and commission Positive Train Control (PTC) for the Central Florida Rail Corridor (CFRC), which operates the SunRail commuter rail service.
    Under the contract, Wabtec will provide its Interoperable Electronic Train Management System (I-ETMS®) equipment for 24 locomotives and cab cars, a back-office server, wayside communications and signals, a dispatch system, training, and system integration.  Installation is expected to be completed by the end of 2018.   
    Raymond T. Betler, Wabtec’s president and chief executive officer,…

  • Wabtec Announces Estimate of Tax Reform Impact, Preliminary 2017 4Q Results


    WILMERDING, PA, Feb. 2, 2018 – Wabtec Corporation (NYSE: WAB) today announced an estimate of the impact of U.S. tax reform and its preliminary 2017 fourth quarter results.  The fourth quarter preliminary results include:

    • Revenues of about $1.1 billion.
    • GAAP earnings per diluted share of about 55 cents. 
    • GAAP earnings are expected to include the following impact from the U.S. tax reform bill that was enacted in December 2017:  expenses of about $55 million, or about 57 cents per diluted share, for the repatriation of earnings; and a benefit of about $52 million, or about 53 cents per diluted share, from a reduction in deferred tax liabilities. …