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

    07/30/2019

    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.

    Rafael…

  • Wabtec Completes Locomotive Deliveries to Turkey’s Körfez Ulaştırma, the logistics affiliate of Tüpraş

    07/26/2019

    WILMERDING, PA – July 26, 2019: Wabtec Corporation (NYSE: WAB) completed delivery of five diesel-electric PowerHaul® series locomotives to Körfez Ulaştırma A.Ş., the subsidiary of Turkey’s largest refinery Tüpraş operating in railway transportation.

    Körfez Ulaştırma is the first private operator in Turkey to make such a purchase since the government began issuing licenses to use its mainlines two years ago. The locomotives will provide faster and more efficient transport of products between Tüpraş…