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.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-donates-30000-to-support-texas-storm-relief-efforts
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).

https://www.wabteccorp.com/newsroom/press-releases/wabtec-reports-fourth-quarter-and-full-year-2020-results-issues-2021-financial-guidance
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.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-and-keolis-group-sign-a-global-cooperation-agreement
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.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-appoints-lee-banks-to-board-of-directors
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.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-receives-tuv-sud-certification-for-the-new-metroflexx-brake-system
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.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-and-port-of-gothenburg-partner-to-increase-throughput-and-improve-efficiency
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

https://www.wabteccorp.com/newsroom/press-releases/wabtec-to-pilot-smart-windows-on-shenzhen-metro-line
Wabtec Releases 2020 Sustainability Report

Wabtec Corporation (NYSE: WAB) released today its 2020 Sustainability Report, which highlights the company’s accomplishments and commitments to building a more sustainable future by developing innovative technologies, driving responsible operations, and empowering people and communities around the globe.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-releases-2020-sustainability-report
Wabtec Begins Trial of Transit Rail Industry’s First Environmentally Friendly Air Conditioning System

GENNEVILLIERS, France Oct. 1, 2020 — Wabtec (NYSE: WAB) begins trial of the transit rail industry’s first air conditioning system using natural R290 refrigerant, a clean and environmentally friendly option. This Wabtec Green Air technology is part of the company’s initiative to bring clean, sustainable solutions to the transit market.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-begins-trial-of-transit-rail-industry-s-first-environmentally-friendly-air-conditioning
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 Appoints Eric Gebhardt as Executive Vice President and Chief Technology Officer

Wabtec Corporation (NYSE: WAB) today announced the appointment of Eric Gebhardt to Executive Vice President and Chief Technology Officer, effective September 14. In this role, Gebhardt will lead Wabtec’s global technology and investment strategy, new product development, and global engineering organization.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-appoints-eric-gebhardt-as-executive-vice-president-and-chief-technology-officer
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