Press Releases

Wabtec Comment on Progress Rail Complaint

PITTSBURGH, September 11, 2023 – Wabtec Corporation today released the following statement about the purported antitrust complaint filed  last week by Progress Rail, a Caterpillar Inc. company.
Wabtec Delivers Strong Second Quarter 2023 Results; Raises Full-Year Guidance

PITTSBURGH, July 27, 2023 – Wabtec Corporation (NYSE: WAB) today reported second quarter 2023 GAAP earnings per diluted share of $1.06, up 16.5% versus the second quarter of 2022. Adjusted earnings per diluted share were $1.41, up 14.6% versus the same quarter a year ago. Second quarter sales were $2.41 billion, up 17.5% versus the second quarter a year ago, driven by strong sales across the Freight and Transit segments. The Company generated $115 million in operating cash flow during the second quarter 2023.
CN to Modernize 60 Additional Locomotives with Wabtec

MONTREAL and PITTSBURGH, July 26, 2023 – CN (TSX: CNR) (NYSE: CNI) and Wabtec Corporation (NYSE: WAB) announced an order to enhance an additional 60 locomotives in CN’s existing fleet through Wabtec’s modernization program. The investment supports CN’s commitment to drive growth in a sustainable manner and build success for customers, employees and communities.
Wabtec Digital Mine Secures Deals with Global Mining Companies for 3,500 Gen 3 Collision Avoidance Systems

PITTSBURGH, July 24, 2023 – Wabtec (NYSE: WAB) Digital Mine, a leading provider of innovative mining solutions, announced the company received a series of orders for 3,500 of its new Generation 3 Collision Avoidance System (Gen 3 CAS) from three major global mining companies. The capabilities of the new system will drive performance and safety improvements at the customers’ mining operations.
Wabtec Declares Regular Quarterly Common Dividend

PITTSBURGH, July 20, 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 August 28, 2023, to holders of record on August 14, 2023.
Vale Partners with Wabtec on Alternative Fuels Study and Orders Three FLXdrive Battery-Electric Locomotives

RIO DE JANEIRO, July 13, 2023 - Vale announced a partnership with Wabtec Corporation (NYSE: WAB) to advance the decarbonization of the company's rail operations. The deal includes an order for three of Wabtec’s FLXdrive battery locomotives and a collaboration to test ammonia as a potential clean, alternative fuel to replace diesel.
Wabtec Secures Largest Parts Agreement with PT IMECO to Support PT KAI’s Locomotive Fleet

PITTSBURGH, July 10, 2023 — Wabtec Corporation (NYSE: WAB) entered into a multi-year parts agreement with PT Imeco Inter Sarana (PT IMECO) that will support PT Kereta Api Indonesia’s (PT KAI) 150 locomotive fleet. The $190 million dollar agreement provides service kits and training to PT KAI for efficient maintenance of its locomotive fleet in the region. This technical support allows PT KAI to focus on the improvement and expansion of their passenger and freight movement service.
Wabtec Wins Significant Component Order for Major German-Austrian Transit Consortium Project

PITTSBURGH, July 6, 2023 -- Wabtec Corporation (NYSE: WAB) won a prestigious contract to supply passenger information systems (PIS) and pantographs for up to 504 Stadler cars as part of the VDV Tram-Train project. The order will enhance the passenger experience and power the new train cars for the transit consortium led jointly by six transportation companies from German and Austria.
CBH Acquires Narrow-Gauge Locomotives from Wabtec

PERTH, Australia - The CBH Group (CBH) has entered into an agreement with Wabtec Corporation (NYSE: WAB) to acquire 17 narrow-gauge locomotives, marking a significant investment in expanding the co-operative’s rail fleet as part of the ‘Path to 2033 Strategy’
Wabtec Announces Second Quarter 2023 Earnings Release Date

PITTSBURGH, June 28, 2023 – Wabtec Corporation (NYSE: WAB) announced it will report 2023 second quarter results before the U.S. financial markets open on July 27, 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.
Politecnico di Torino and Wabtec Corp. Announce a Strategic Partnership to Promote Research, Innovation, and Training in Rail Transportation

Politecnico di Torino (Polytechnic University) and Wabtec Corporation signed an agreement to develop a strategic collaboration to define and implement shared research, innovation, and education projects. This synergistic partnership represents an important step forward in promoting academic excellence and technological innovation in rail transportation.
Wabtec’s Certified Pre-Owned Program Wins Its Largest Order for 69 Locomotives from Six Genesee & Wyoming Railroads

PITTSBURGH, June 27, 2023 — Wabtec Corporation (NYSE: WAB) announced today its largest certified pre-owned locomotive order from six Genesee & Wyoming Inc. (G&W) subsidiaries – Buffalo & Pittsburgh Railroad; Chicago, Ft. Wayne & Eastern Railroad; Connecticut Southern Railroad; Indiana & Ohio Railway; New England Central Railroad and Providence and Worcester Railroad.
Wabtec Acquires L&M Radiator, Inc.

PITTSBURGH and HIBBING, MINNESOTA, June 16, 2023 – Wabtec Corporation (NYSE: WAB) announced today it has acquired L&M Radiator, Inc., a leading manufacturer of heavy-duty equipment radiators and heat exchangers.
Wabtec Digital Mine Unveils Next-Generation Collision Avoidance System

BRISBANE, June 06, 2023 – Wabtec (NYSE: WAB) Digital Mine is setting a new global industry benchmark for workplace safety with the launch of its latest Generation 3 Collision Avoidance System (CAS). The new system will enhance safety and productivity, as well as provide a new level of performance with a rules and intelligence capability.
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.