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Press Release
  • Wabtec Announces Launch of Public Offering by Selling Stockholder


    WILMERDING, PA – August 6, 2019: Wabtec Corporation (NYSE: WAB) today announced the launch of an underwritten secondary offering of 20,485,156 shares of Wabtec common stock by General Electric Company (“GE”), as the sole selling stockholder. The selling stockholder expects to grant the underwriters a 30-day option to purchase up to an additional 2,048,515 shares. Wabtec will not receive any proceeds from the sale of the shares by the selling stockholder in this offering.

    Goldman Sachs & Co. LLC, BofA Merrill Lynch, Citigroup and Morgan Stanley are acting as joint lead…

  • Wabtec Reports 2Q Results, Updates Guidance; Raises 2019 GAAP Cash From Operations To About $900 Million


    WILMERDING, PA, July 30, 2019 – Wabtec Corporation (NYSE: WAB) today reported earnings per diluted share of $0.54 and adjusted earnings per diluted share of $1.06 in the 2019 second quarter (see reconciliation table).  The company generated GAAP cash from operations of $413 million for the quarter and raised its 2019 GAAP cash from operations guidance to about $900 million. Wabtec also updated its full-year guidance for sales of about $8.3 billion and adjusted earnings per diluted share to between $4.10 to $4.20.