Press Releases

Wabtec and Port of Gothenburg Partner to Increase Throughput and Improve Efficiency

PITTSBURGH and GOTHENBURG, Sweden, November 17, 2020 – Wabtec (NYSE: WAB) has signed an agreement with the Port of Gothenburg to implement Port Optimizer™, a first-of-its-kind information portal designed to digitize maritime shipping data for cargo owners and supply chain stakeholders through secure, channeled access. The agreement marks the first use of Port Optimizer by a European port.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-and-port-of-gothenburg-partner-to-increase-throughput-and-improve-efficiency
Wabtec to Pilot Smart Windows on Shenzhen Metro Line

SHENZHEN, China Nov. 9, 2020 — Wabtec (NYSE: WAB) is partnering with Shenzhen Metro Company and CRRC Nanjing Puzhen Co., Ltd. on a pilot to test Smart Windows on transit rail cars. Featuring multi-touch technology, the highly Transparent Organic LED Smart Window will provide a view outside, while serving as an interactive information source for passengers. This pilot project supports Shenzhen’s “smart city smart transport” initiative

https://www.wabteccorp.com/newsroom/press-releases/wabtec-to-pilot-smart-windows-on-shenzhen-metro-line
Wabtec Recommends Stockholders Reject Mini-Tender Offer From TRC Capital Investment Corporation

PITTSBURGH, November 5, 2020 – Wabtec Corporation (NYSE: WAB) has been notified of an unsolicited “mini-tender offer” by TRC Capital Investment Corporation, a private Canadian investment company, to purchase up to two million shares of Wabtec’s common stock at a price of $59.25 per share in cash. TRC Capital’s offer price is approximately 4.53% lower than the $62.06 closing price of Wabtec’s common stock on October 23, 2020, the last trading day prior to the date of the offer (October 26, 2020).

https://www.wabteccorp.com/newsroom/press-releases/wabtec-recommends-stockholders-reject-mini-tender-offer-from-trc-capital-investment-corporation
Wabtec Releases 2020 Sustainability Report

Wabtec Corporation (NYSE: WAB) released today its 2020 Sustainability Report, which highlights the company’s accomplishments and commitments to building a more sustainable future by developing innovative technologies, driving responsible operations, and empowering people and communities around the globe.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-releases-2020-sustainability-report
Wabtec Declares Regular Quarterly Common Dividend

Pittsburgh, PA, October 15, 2020 – Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 12 cents per share, payable on November 27, 2020 to holders of record on November 13, 2020.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-declares-regular-quarterly-common-dividend-3
Wabtec Begins Trial of Transit Rail Industry’s First Environmentally Friendly Air Conditioning System

GENNEVILLIERS, France Oct. 1, 2020 — Wabtec (NYSE: WAB) begins trial of the transit rail industry’s first air conditioning system using natural R290 refrigerant, a clean and environmentally friendly option. This Wabtec Green Air technology is part of the company’s initiative to bring clean, sustainable solutions to the transit market.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-begins-trial-of-transit-rail-industry-s-first-environmentally-friendly-air-conditioning
Wabtec Announces Third Quarter 2020 Earnings Release Date

PITTSBURGH – September 29, 2020 – Wabtec Corporation (NYSE: WAB) announced it will report third quarter 2020 results before the U.S. financial markets open on Oct. 29, 2020. The Company will conduct a conference call to discuss those results with analysts and investors at 8:30 a.m. ET the same day.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-announces-third-quarter-2020-earnings-release-date
Wabtec and Rajant Receive First Mobile Network Order from New Mexico Rail Runner Express

Wabtec (NYSE: WAB) has signed an agreement with the New Mexico Rail Runner Express (NMRX) to upgrade the wireless network of NMRX’s commuter fleet, in cooperation with Wabtec’s strategic networking technology partner, Rajant Corporation. This order is the first for Wabtec and Rajant since forming their strategic partnership to accelerate wireless technology for the global rail industry.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-and-rajant-receive-first-mobile-network-order-from-new-mexico-rail-runner-express
Wabtec Appoints Eric Gebhardt as Executive Vice President and Chief Technology Officer

Wabtec Corporation (NYSE: WAB) today announced the appointment of Eric Gebhardt to Executive Vice President and Chief Technology Officer, effective September 14. In this role, Gebhardt will lead Wabtec’s global technology and investment strategy, new product development, and global engineering organization.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-appoints-eric-gebhardt-as-executive-vice-president-and-chief-technology-officer
Wabtec Wins Federal Order for Advanced Marine Engines on New Multi-Use Ships

Wabtec Corporation (NYSE: WAB) announced today its first U.S. Government order for marine engines with advanced emissions reduction technology. The deal is worth more than $10 million and marks Wabtec’s 100th order for EPA Tier 4 compliant marine engines. The Wabtec 16V250 Series Marine Diesel Engines will be used aboard the U.S. Maritime Administration’s two new National Security Multi-Mission Vessels (NSMVs). The vessels represent the first two of a planned five-ship NSMV fleet.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-wins-federal-order-for-advanced-marine-engines-on-new-multi-use-ships
Wabtec Reports Second Quarter 2020 Results; Provides Guidance for 2020

Wabtec Corporation (NYSE: WAB) today reported second quarter 2020 earnings per diluted share of $0.46 and adjusted earnings per diluted share of $0.87, versus earnings per diluted share of $0.54 and adjusted earnings per diluted share of $1.33 a year ago. Wabtec also provided full-year guidance for sales in a range of $7.3 billion to $7.6 billion, adjusted earnings per diluted share to between $3.50 and $3.80 and strong cash conversion of greater than 90 percent.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-reports-second-quarter-2020-results-provides-guidance-for-2020