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Press Release
  • Company Release - Wabtec Files Form 8-K Bridge Reconciliation


    Pittsburgh, PA, February 24, 2020 – Wabtec Corporation (NYSE: WAB) today filed a Form 8-K providing an unaudited pro forma condensed combined statement of income for the year ended December 31, 2019 Financial Statements relating to the combination of Wabtec and GE Transportation which occurred on February 25, 2019. Also included with the Form 8-K is a bridge which provides a reconciliation of Wabtec’s pro forma results to Wabtec’s previously reported 2019 financial results.

    About Wabtec Corporation
    Wabtec Corporation is a leading global provider of equipment, systems, digital solutions and value-added services for freight and transit rail.…

  • Wabtec Announces $500 Million Share Buyback Authorization


    Pittsburgh, PA, February 18, 2020 – Wabtec Corporation (NYSE: WAB) announced that its Board of Directors authorized a share buyback program up to $500 million.

    The company intends to buy back shares from time to time on the open market or in negotiated or block trades. There is no time limit set for the completion of the program, which is permitted under the company’s credit agreement and bond indenture. This buyback authorization supersedes any previous authorization.

    Rafael Santana, Wabtec’s president and CEO, said: “Today’s announcement underscores our long-term confidence to generate strong cash flows. Our strong financial position allows for ample…