Press Releases

Wabtec and Rajant Receive First Mobile Network Order from New Mexico Rail Runner Express

Wabtec (NYSE: WAB) has signed an agreement with the New Mexico Rail Runner Express (NMRX) to upgrade the wireless network of NMRX’s commuter fleet, in cooperation with Wabtec’s strategic networking technology partner, Rajant Corporation. This order is the first for Wabtec and Rajant since forming their strategic partnership to accelerate wireless technology for the global rail industry.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-and-rajant-receive-first-mobile-network-order-from-new-mexico-rail-runner-express
Wabtec Reports Second Quarter 2020 Results; Provides Guidance for 2020

Wabtec Corporation (NYSE: WAB) today reported second quarter 2020 earnings per diluted share of $0.46 and adjusted earnings per diluted share of $0.87, versus earnings per diluted share of $0.54 and adjusted earnings per diluted share of $1.33 a year ago. Wabtec also provided full-year guidance for sales in a range of $7.3 billion to $7.6 billion, adjusted earnings per diluted share to between $3.50 and $3.80 and strong cash conversion of greater than 90 percent.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-reports-second-quarter-2020-results-provides-guidance-for-2020
Wabtec’s Trip Optimizer System Surpasses 500 Million Miles of operation

Wabtec Corporation’s (NYSE: WAB) Trip Optimizer system surpassed a milestone as railroads utilized the energy management system to operate their trains for more than 500 million auto miles. The system greatly reduces emissions and fuel costs for railroads worldwide.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-s-trip-optimizer-system-surpasses-500-million-miles-of-operation
Wabtec to Implement PTC System for Virgin Trains USA

Wabtec (NYSE: WAB) secures agreements worth $120M to implement signaling and train control systems for Virgin Trains USA. The project is a unique high-speed signaling and train control application for the North America market.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-to-implement-ptc-system-for-virgin-trains-usa
Wabtec Reports First Quarter 2020 Results

Wabtec Corporation (NYSE: WAB) today reported first quarter 2020 earnings per diluted share of $0.58 and adjusted earnings per diluted share of $0.97 (on 191.4 million fully diluted shares) versus a loss per diluted share of $0.04 and adjusted earnings per diluted share of $1.21 (on 132.5 million fully diluted shares) a year ago. Total sales were $1.9 billion versus $1.6 billion a year ago.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-reports-first-quarter-2020-results
Wabtec Board Members, Emilio Fernandez and Philippe Alfroid, Announce Retirement

The Wabtec Corporation (NYSE: WAB) Board of Directors today announced the retirement of Vice Chairman Emilio Fernandez, and Director Philippe Alfroid, effective May 15, 2020. The two members’ current terms are expiring, and they will not be seeking re-election.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-board-members-emilio-fernandez-and-philippe-alfroid-announce-retirement
Wabtec Inaugurates Engineering and Technology Center in Bengaluru

Wabtec Corporation (NYSE: WAB), a leading technology supplier for the freight and transit rail industries, inaugurated today the Wabtec India Engineering and Technology Center (WITEC) in Bengaluru. The company’s new center is a world-class facility designed to support growth and innovation.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-inaugurates-engineering-and-technology-center-in-bengaluru
Wabtec Corporation Collaborates with Wipro for Cloud-first Application Migration

Wabtec Corporation (NYSE: WAB) today announced a strategic initiative with Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, to transition business-critical applications of the global logistics leader, to cloud. This is part of Wabtec’s recent merger with GE Transportation.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-corporation-collaborates-with-wipro-for-cloud-first-application-migration
Wabtec Reports 3Q Results, Updates Guidance; Affirms 2019 GAAP Cash from Operations Target

Wabtec Corporation (NYSE: WAB) today reported earnings per diluted share of $0.48 and adjusted earnings per diluted share of $1.03 in the 2019 third quarter (see reconciliation table). The company generated GAAP cash from operations of $124 million for the quarter and affirmed its 2019 GAAP cash from operations guidance of about $900 million. Wabtec also updated its full-year guidance for adjusted sales of about $8.2 billion and adjusted earnings per diluted share to between $4.15 to $4.20.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-reports-3q-results-updates-guidance-affirms-2019-gaap-cash-from-operations-target
Iowa Northern Railway Deal Demonstrates the Power of Wabtec’s Combined Digital and Electronics Portfolio

Wabtec Corporation (NYSE: WAB) was selected to provide fully integrated Positive Train Control (PTC), digital imaging, and data transfer and analytics capabilities for Iowa Northern Railway Company, marking Wabtec’s first such deal since closing its merger with GE Transportation. Under the contract, Wabtec will provide an integrated offering, including its Interoperable Electronic Train Management System (I-ETMS®) PTC safety-overlay solution, LDRS-V video recorder, training, and system integration services across Iowa Northern Railway’s entire locomotive fleet.

https://www.wabteccorp.com/newsroom/press-releases/iowa-northern-railway-deal-demonstrates-the-power-of-wabtec-s-combined-digital-and-electronics
Wabtec Selected to Provide PTC System Integration for New Mexico Rail Runner Express

Wabtec (NYSE: WAB) was selected to implement the Positive Train Control (PTC) system for the New Mexico Rail Runner Express (NMRX), in an order worth $55 million. Building on ongoing design work, Wabtec will provide full system integration for deployment of PTC on NMRX’s full fleet of 18 locomotives/cab cars and nearly 100 miles of track extending from Belen to Santa Fe.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-selected-to-provide-ptc-system-integration-for-new-mexico-rail-runner-express
Wabtec Completes Successful Merger With GE Transportation

Wabtec Corporation (NYSE: WAB) announced today it has completed its merger with GE Transportation, a former business unit of GE (NYSE: GE). This merger establishes Wabtec as a Fortune 500, global transportation and logistics leader by combining Wabtec’s broad range of freight, transit and electronics products with GE Transportation’s best-in-class equipment, services and digital solutions in the locomotive, mining, marine, stationary power and drilling industries. Wabtec has also been notified that it will now be included in the S&P 500 Index.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-completes-successful-merger-with-ge-transportation
Wabtec Reports 4Q Results, Including Strong Cash Flow; Issues 2019 Financial Guidance

Wabtec Corporation (NYSE: WAB) today reported results for its 2018 fourth quarter, including strong cash flow, and issued 2019 financial guidance. The company also announced the completion of its merger with GE Transportation today, and said it has been notified that it will now be included in the S&P 500 Index.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-reports-4q-results-including-strong-cash-flow-issues-2019-financial-guidance
Wabtec AND GE Announce U.S. Department of Justice has Closed its Review of Pending Merger of Wabtec and GE Transportation

Wabtec Corporation (NYSE: WAB) and General Electric Company (NYSE: GE) announced today that the U.S. Department of Justice (DOJ) has closed its review of the pending merger of Wabtec and GE Transportation, a business unit of GE. The merger is expected to create a stronger, more diversified transportation and logistics company.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-and-ge-announce-us-department-of-justice-has-closed-its-review-of-pending-merger-of-wabtec