Press Releases

Wabtec Donates $30,000 to Support Texas Storm Relief Efforts

PITTSBURGH, Feb. 26, 2021 — The Wabtec Foundation, the philanthropic arm of Wabtec Corporation (NYSE: WAB), today announced a donation of $30,000 to support local relief efforts in Texas following last week’s winter storm and destructive power outages. The donation will be split among three nonprofits: Salvation Army of North Texas, Tarrant Area Food Bank, and the Tarrant County Homeless Coalition.
Disruptive Innovation in Rail Yards: How Real Time Planning Can Transform Operations

Classification Yard Planner combines dynamic planning tools, increased visibility, and powerful decision support to unlock productivity and network efficiency.
Wabtec Reports Fourth Quarter and Full-Year 2020 Results; Issues 2021 Financial Guidance

In the fourth quarter of 2020, Wabtec had cash from operations of $326 million, sales of $2.0 billion and GAAP earnings per diluted share of $0.46. Adjusted earnings per diluted share were $0.98 and excluded after-tax expenses of $0.20 for restructuring and transaction costs, $0.29 for non-cash amortization expense and $0.03 for tax on transactions costs (see reconciliation table).
Erwan Faiveley Will Not Seek Re-Election to Wabtec Board of Directors

PITTSBURGH, February 17, 2021 – Wabtec Corporation (NYSE: WAB) today announced that Erwan Faiveley has informed the company’s Board of Directors he does not intend to seek re-election at the company’s Annual Meeting in May 2021. Faiveley has served on the Wabtec Board since 2016.
Wabtec Debuts on Human Rights Campaign’s 2021 Corporate Equality Index

PITTSBURGH, Feb. 4, 2021 — Wabtec Corporation (NYSE: WAB) debuted on the Human Rights Campaign Foundation’s 2021 Corporate Equality Index (CEI), the standard for measuring policies and practices that promote a LGBTQ-inclusive workplace.
Wabtec and Keolis Group Sign a Global Cooperation Agreement

PITTSBURGH, DEC 18, 2020: Wabtec Corporation (NYSE: WAB) and Keolis Group announced today the signing of an international business development agreement to partner on commercial activities and the development of innovative products for the transit and freight industries.
Wabtec Receives TUV SUD Certification for the New Metroflexx Brake System

PITTSBURGH, Dec. 10, 2020 – Wabtec Corporation (NYSE: WAB) announced today its new Metroflexx brake system was certified by TÜV SÜD, an independent, testing and certification authority. Metroflexx is Wabtec’s next-generation braking systems for the mass transit rail industry. The TUV certification validates the system meets the safety, quality and performance standards set at an organizational, local or international level.
Wabtec Appoints Lee Banks to Board of Directors

PITTSBURGH--Wabtec Corporation (NYSE: WAB) announced today the appointment of Lee Banks to its Board of Directors.
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.
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
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).