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  • Wabtec Reports 1Q Results, Affirms Adjusted Guidance

    04/25/2019

    WILMERDING, PA, April 25, 2019 – Wabtec Corporation (NYSE: WAB) today reported a loss per diluted share of $0.04 and adjusted earnings per diluted share of $1.06 in the 2019 first quarter (see reconciliation table).  The company said it generated cash from operations of
    $31 million for the quarter. Wabtec also affirmed its full-year guidance for sales and adjusted earnings per diluted share. 

    Raymond T. Betler, Wabtec’s president and chief executive officer, said:  “Our first-quarter adjusted results represent a solid start to the year, and we’re well positioned to meet our financial targets in…

  • RAFAEL SANTANA TO SUCCEED RAY BETLER AS WABTEC PRESIDENT AND CEO

    04/25/2019

    WILMERDING, PA – April 25, 2019: Wabtec Corporation (NYSE: WAB) today announced Rafael Santana will become president and CEO of the company, effective July 1, 2019. Santana, who will also become a Wabtec board member, will succeed Ray Betler, who will retire as a Wabtec executive and board member. 

    Santana, 47, joined Wabtec earlier this year as president and CEO of the company’s Freight segment following the merger of Wabtec and GE Transportation, where he served as president and CEO of the General Electric unit.