Press Releases

Wabtec and Kazakhstan Temir Zholy Sign $600 Million Memorandum of Understanding for FLXdrive™ Battery-Electric Shunters and NextFuel™ Liquid Natural Gas-Powered Locomotives

PITTSBURGH, Sept. 20, 2022 — Wabtec (NYSE: WAB) and Kazakhstan Temir Zholy (KTZ) signed a historic memorandum of understanding (MOU) for 150 FLXdriveTM battery-electric shunters and modernization work to transform the mainline fleet into NextFuelTM liquid natural gas-powered (LNG) locomotives. The investment marks the largest sustainable technology agreement by the CIS railroad, and will further revolutionize KTZ’s mainline and yard operations, while significantly reducing greenhouse gas emissions and operating costs.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-and-kazakhstan-temir-zholy-sign-600-million-memorandum-of-understanding-for-flxdrive-battery
Wabtec Wins Order to Supply Panama’s Metrolink System with Leading-Edge Platform Screen Doors

Wabtec Corporation has won an order to supply 300 half-height platform screen doors across Metro de Panama’s L3 monorail stations being built by Hitachi Rail, as part of the Grupo de Empresas Sunrise Monorail. It marks Wabtec’s first project in Central America.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-wins-order-to-supply-panama-s-metrolink-system-with-leading-edge-platform-screen-doors
Wabtec Announces Expanded Credit Facility

Wabtec Corporation announced today that it signed an amended and restated credit agreement that will increase the size of its existing revolving credit facility from $1.2 billion to $1.5 billion and added a $250 million delayed draw term loan facility.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-announces-expanded-credit-facility
Wabtec Opens First European Transit Performance Optimization Center in Derby, UK

Wabtec Corporation has opened its first Transit Performance Optimization Center (TPOC) for Europe. The new center, located in Derby UK, was created to help transit sector customers improve the operational performance and reduce service costs and lost productivity through real-time monitoring and analytics.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-opens-first-european-transit-performance-optimization-center-in-derby-uk
Wabtec Reports Strong 2nd Quarter 2022 Results

PITTSBURGH, April 27, 2022 – Wabtec Corporation (NYSE: WAB) today reported first quarter 2022 GAAP earnings per diluted share of $0.80, up 35.6% versus the first quarter of 2021. Adjusted earnings per diluted share were $1.13, up 27.0% versus the same quarter a year ago. First quarter sales were $1.93 billion and cash from operations was $161 million.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-reports-strong-2nd-quarter-2022-results
Wabtec and Foundation For Excellence Expand Scholarship Program in India

Wabtec is expanding its collaboration with the Foundation for Excellence (FFE) to provide 240 economically challenged and academically bright students with Engineering Education Scholarships in India.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-and-foundation-for-excellence-expand-scholarship-program-in-india
Union Pacific Signs Largest Locomotive Modernization Deal in Rail Industry History with Wabtec

Union Pacific has signed a historic deal with Wabtec Corporation for 600 locomotive modernizations featuring a suite of digital solutions and innovations. The agreement, worth more than $1 billion, is the largest investment in modernized locomotives in rail industry history, and part of Union Pacific’s fleet strategy to move more freight efficiently and sustainably across its service territory.

https://www.wabteccorp.com/newsroom/press-releases/union-pacific-signs-largest-locomotive-modernization-deal-in-rail-industry-history-with-wabtec
Wabtec Declares Regular Quarterly Common Dividend

Wabtec Corporation announced today that its Board of Directors declared a regular quarterly common dividend of 15 cents per share, payable on August 29, 2022 to holders of record on August 15, 2022.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-declares-regular-quarterly-common-dividend-5
Wabtec to Improve Metropolitan Atlanta Rapid Transit Authority Passenger Comfort with new HVAC Systems

Wabtec Corporation has announced a contract to supply heating, ventilation, and air conditioning (HVAC) units for 56 new Stadler trains that will be operated by the Metropolitan Atlanta Rapid Transit Authority (MARTA). The state-of-the-art systems will provide passengers with a comfortable commute, especially during the hot and humid Atlanta summers.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-to-improve-metropolitan-atlanta-rapid-transit-authority-passenger-comfort-with-new-hvac
Wabtec Announces Second Quarter 2022 Earnings Release Date

Wabtec Corporation (NYSE: WAB) announced it will report 2022 second quarter results before the U.S. financial markets open on August 5, 2022. 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-second-quarter-2022-earnings-release-date
Wabtec Appoints Beverley Babcock to Board of Directors

Wabtec Corporation announced the appointment of Beverley Babcock to its Board of Directors, effective today. Babcock, 61, has extensive financial and accounting experience having served as the former CFO of Imperial Oil Limited, one of Canada's largest integrated oil companies active in all phases of the petroleum industry.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-appoints-beverley-babcock-to-board-of-directors
Wabtec Acquires Collins Aerospace’s ARINC Rail Solutions Business to Extend Rail Optimization Portfolio

Wabtec Corporation has acquired Collins Aerospace’s ARINC rail solutions business segment, a provider of intelligence-based rail dispatch and back office solutions. The financial terms of the acquisition were not disclosed.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-acquires-collins-aerospace-s-arinc-rail-solutions-business-to-extend-rail-optimization
Wabtec Advances Rail Network Optimization for CN with the Launch of its Precision Dispatch System

Wabtec has launched its new Precision Dispatch System (PDS) with an order from CN. The Precision Dispatch deal marks a major step toward network automation for CN and the entire rail industry.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-advances-rail-network-optimization-for-cn-with-the-launch-of-its-precision-dispatch-system
Wabtec to Deliver Australia’s First Fleet of Modernised Locomotives to Fortescue

Wabtec Corporation has announced an agreement to modernise locomotives for Fortescue Metals Group (Fortescue), representing Wabtec’s delivery of the first fleet of modernised locomotives for an Australian customer.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-to-deliver-australia-s-first-fleet-of-modernised-locomotives-to-fortescue