Press Releases

Wabtec Publishes Its Inaugural Reconciliation Action Plan in Australia

MELBOURNE, May 30, 2023 — Wabtec today published its first Reconciliation Action Plan (Reflect RAP), a formal statement documenting how the company will support reconciliation with Aboriginal and Torres Strait Islander peoples in Australia. The plan is part of Wabtec’s people first approach to a diverse and inclusive workforce where all employees treat each other with respect and dignity.
Wabtec Declares Regular Quarterly Common Dividend

PITTSBURGH, May 17, 2023 – Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 17 cents per share, payable on June 9, 2023 to holders of record on May 30, 2023.
Wabtec Signs Modernization Deal with MTR

PITTSBURGH, May 17, 2023 — Wabtec Corporation (NYSE: WAB) signed a deal to modernize 25 Mk3 Battery-Electric Locomotives for Hong Kong-based MTR Corporation. The order, valued at approximately £12 million, will extend the service life of the fleet, improve performance, and reliability.
Wabtec Reports Strong First Quarter 2023 Results

PITTSBURGH, April 26, 2023 – Wabtec Corporation (NYSE: WAB) today reported first quarter 2023 GAAP earnings per diluted share of $0.93, up 16.3% versus the first quarter of 2022. Adjusted earnings per diluted share were $1.28, up 13.3% versus the same quarter a year ago. First quarter sales were $2.19 billion driven by strong sales across the portfolio.
Wabtec and Ennoble Partner to Refurbish a School in Pune

Pune, April 25, 2023 — Wabtec Corporation and the Ennoble Social Innovation Foundation announced today the completed refurbishment of Zilla Parishad School in Mahalunge, Pune. This initiative is part of Wabtec’s “Caring for Our Communities” program, which is committed to making a meaningful, sustainable impact in the communities where employees live and work.
Wabtec Announces First Quarter 2023 Earnings Release Date

PITTSBURGH, April 06, 2023 – Wabtec Corporation (NYSE: WAB) announced it will report 2023 first quarter results before the U.S. financial markets open on April 26, 2023. The company will conduct a conference call to discuss those results with analysts and investors at 8:30 a.m. ET the same day.
Wabtec Wins Brake System Order from Alstom India

Wabtec Corporation announced today a brake system order from Alstom Transport India Ltd. to support Pune IT City Metro Rail Limited and Pune Metro Rail Development Authority for the Metro Line 3 project. The order will supply the latest braking technology for the line’s new trains, which will improve performance, efficiency, and safety.
Wabtec Transit India Recognized as a Great Place To Work

HOSUR, March 14, 2023 — Wabtec Corporation (NYSE: WAB), a leading technology supplier for the freight and transit rail industries, announced today that its Wabtec Transit (Faiveley Transport India Private Limited) sites based in Hosur, Baddi and Bahadurgarh received the Great Place to Work® Certification. The endorsement recognizes Wabtec’s focus on building a great culture and as an employer of choice in rail technologies.
VLI Signs Contract for Nine Wabtec Locomotives

VLI – a logistics solutions company that operates ports, railways and terminals –signed a contract today for nine Wabtec Evolution Series locomotives (ES43BBI model), which will join the company's premium fleet for the transport of cargo on the Ferrovia Centro-Atlântica (FCA ). The order, valued at approximately R$200 million, represents another investment by VLI in the national rolling stock industry. The first locomotives are expected to be delivered in about 18 months.
Wabtec Announces Senior Leadership Moves In Support of Continued Growth

PITTSBURGH, February 27, 2023 — Wabtec Corporation (NYSE: WAB) announced today leadership moves aimed at accelerating the long-term growth strategy in the Services and Transit businesses, as well as the company’s overall sustainability, and business development initiatives.
Wabtec’s 2022 Sustainability Report Highlights Progress on Key Initiatives

PITTSBURGH, February 21, 2023 – Wabtec Corporation (NYSE: WAB) released today its 2022 Sustainability Report highlighting the company’s progress on key environmental, social, and governance (ESG) commitments. The company is focused on creating a sustainable future through innovative technologies, responsible operations, and empowering people and communities.
Wabtec Delivers the 500th Evolution Series Locomotive to Indian Railways

PATNA, India February 20, 2023 — Wabtec Corporation (NYSE: WAB) celebrated the delivery of the 500th Evolution Series Locomotive to Indian Railways. The celebration at Wabtec’s plant in Marhowra, Bihar marked another milestone in the 2015 $2.5 billion agreement as part of the Government of India’s Public Private Partnership ‘Make in India’ program to develop and supply 1,000 fuel-efficient, emission-compliant diesel-electric Evolution Series locomotives.
Wabtec, Fret SNCF and RDT13 to expand freight rail in Europe through the MONITOR Project

ARLES, France, Feb. 17, 2023 --Wabtec Corporation (NYSE: WAB), French national operator Fret SNCF and regional operator RDT13 (Régie des Transports des Bouches du Rhône) launched today the MONITOR Project, the first innovation project of the French Rail Freight of the Future (4F) coalition to accelerate the development of the rail freight industry in Europe.
Wabtec Reports Strong Fourth Quarter 2022 Results

PITTSBURGH, February 15, 2023 – Wabtec Corporation (NYSE: WAB) today reported fourth quarter 2022 GAAP earnings per diluted share of $0.86, down 15.7% versus the fourth quarter of 2021. Adjusted earnings per diluted share were $1.30, up 10.2% versus the same quarter a year ago. Fourth quarter sales were $2.31 billion and cash from operations was $410 million.
Wabtec Announces Winners for Its "Exceed Campus Challenge" in India

BANGALORE, January 19, 2023 — Wabtec Corporation announced today the winners of the company’s 2022-23 “Exceed Campus Challenge” in India. The winning teams developed innovative proposals for a range of technical challenges facing the rail industry.