Press Releases

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.
Wabtec Announces Fourth Quarter 2022 Earnings Release Date

Wabtec Corporation (NYSE: WAB) announced it will report 2022 fourth quarter results before the U.S. financial markets open on February 15, 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 Site in Avellino Italy Earns IRIS Gold for Quality Performance

Wabtec's site in Avellino, Italy has received International Railway Industry Standard's (IRIS) Gold certification for quality performance, The IRIS Gold is the highest level of excellence, and currently only two other rail industry sites have achieved
Wabtec’s Innovative Adaptive Wheel Slide Protection Solution Gains Certification

PITTSBURGH, December 6, 2022 -- Wabtec Corporation’s (NYSE: WAB) DistanceMaster solution took a major step toward improving braking performance for transit rail operators with the certification of the company’s adaptive wheel slide protection (WSP) technology. The solution addresses the wheel and rail adhesion bottleneck enabling transit systems to improve efficiency and increase network capacity.
Wabtec to Advance Electrification of Vessels in HYPOBATT Project

Wabtec Corporation is working to advance the electrification of vessels by participating in the HYPOBATT (Hyper powered vessel battery charging system) project. The HYPOBATT project, part of the EU-wide Horizon initiative, is focused on developing a megawatt-charging standard and infrastructure for ferries in European ports.
Wabtec Acquires Super Metal to Grow Its Railway Maintenance Portfolio

PITTSBURGH, November 16, 2022 – Wabtec Corporation announced today a definitive agreement to acquire Super Metal, a supplier of automated vehicles and equipment solutions that support rail operations. Super Metal is one of the leading Brazilian companies in the maintenance of way segment of the rail industry.
Wabtec Donates $25,000 to Support Florida Hurricane Relief Efforts

PITTSBURGH, Nov. 16, 2022 — The Wabtec Foundation, the philanthropic arm of Wabtec Corporation (NYSE: WAB), today announced a donation of $25,000 to support local relief efforts in Florida following Hurricanes Ian and Nicole. The donation is being made to the Red Cross.
Wabtec Reports Strong Third Quarter 2022 Results

PITTSBURGH, November 1, 2022 – Wabtec Corporation (NYSE: WAB) today reported third quarter 2022 GAAP earnings per diluted share of $0.88, up 27.5% versus the third quarter of 2021. Adjusted earnings per diluted share were $1.22, up 7.0% versus the same quarter a year ago. Third quarter sales were $2.08 billion, and cash from operations was $204 million.
Wabtec Declares Regular Quarterly Dividend

Wabtec Corporation announced today that its Board of Directors declared a regular quarterly common dividend of 15 cents per share, payable on November 28, 2022 to holders of record on November 14, 2022.
Wabtec to Highlight Electrification and Sustainable Mining Operations at Bauma 2022

Wabtec Corporation will highlight its portfolio of integrated mining systems at Bauma, the world's leading trade show for construction machinery, building material machines, mining machines, construction vehicles and equipment, held in Munich, Germany, from October 24-30. The company will showcase how its solutions are advancing electrification and sustainability for the mining industry.
Wabtec partners with Akiem on service contract to maximize locomotive availability in France and Germany

Wabtec Corporation has signed a contract with Akiem, a leading European rolling stock leasing company, to provide maintenance of critical equipment for locomotive fleets in Europe. The major agreement, which runs for the next five years, covers brake components, pantographs and HVAC for the company’s PRIMA and TRAXX fleets in France and Germany and is intended to maximize asset availability to the operator’s customers.
Wabtec Announces Third Quarter 2022 Earnings Release Date

Wabtec Corporation (NYSE: WAB) announced it will report 2022 third quarter results before the U.S. financial markets open on November 1, 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.
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.
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.
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.