Pittsburgh, PA, May 20, 2020 – Wabtec (NYSE: WAB) shareholders elected two Directors and approved other company proposals at its Annual Meeting in Pittsburgh. Directors elected were: Rafael Santana and Lee Foster, II.
Additionally, Albert J. Neupaver has been elected to Chairman of the company’s Board of Directors, effective July 1, 2020. Mr. Neupaver served as Executive Chairman for the past two years and as the company’s CEO from 2006 to 2014.
Shareholders also ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for the 2020 fiscal year, approved a non-binding proposal relating to executive…
• First Quarter Reported GAAP Earnings Per Share of $0.58; Adjusted EPS of $0.97
• First Quarter Reported GAAP Income From Operations of $217 Million (11.3% Margin); Adjusted Income From Operations of $303 Million (15.7% Margin)
• Strong Financial Position with Available Liquidity of About $1.2 Billion at Quarter Close; Additional Actions Post Quarter Further Enhanced Liquidity by $600 Million
• Multi-Year Backlog of $22 Billion Provides Forward Visibility
Pittsburgh, PA, May 4, 2020 – Wabtec Corporation (NYSE: WAB) today reported first quarter 2020 earnings per diluted share of $0.58 and adjusted earnings per…