Press Releases

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 Launches BlueFilter® to Provide Clean Air for Transit Rail Passengers

Wabtec Corporation (NYSE: WAB) launched an air-filtration innovation, called BlueFilter®, to provide a clean, healthy environment for passengers on metro and trains. The TÜV-tested filter continuously provides fresh and clean air onboard metro and railcars by removing more than 90 percent of contaminants per air cycle.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-launches-bluefilter-to-provide-clean-air-for-transit-rail-passengers
Wabtec Shareholders Approve Company Proposals at Annual Meeting

Wabtec (NYSE: WAB) shareholders elected two Directors and approved other company proposals at its Annual Meeting in Pittsburgh. Directors elected were: Rafael Santana and Lee Foster, II.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-shareholders-approve-company-proposals-at-annual-meeting
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 to Move to Virtual-Only Format for 2020 Annual Meeting

Wabtec Corporation (NYSE: WAB) announced today that due to continued public health precautions, including current restrictions on in-person gatherings as a result of the coronavirus (COVID-19) outbreak and to support the health and well-being of Wabtec shareholders, employees and the community, the Company's 2020 Annual Meeting of Shareholders (Annual Meeting) has been changed to a virtual-only format via a live audio webcast. There will be no physical location for the Annual Meeting and shareholders will not be able to attend in person. The Annual Meeting will continue be held on May 15, 2020 at 11:30 am Eastern Time.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-to-move-to-virtual-only-format-for-2020-annual-meeting
Wabtec Announces Launch of Public Offering by Selling Stockholder

Wabtec Corporation (NYSE: WAB) (“Wabtec”) today announced the launch of an underwritten secondary offering of 12,500,000 shares of Wabtec common stock by General Electric Company (“GE”), as the sole selling stockholder. The selling stockholder expects to grant the underwriters a 30-day option to purchase up to an additional 1,875,000 shares. Wabtec will not receive any proceeds from the sale of the shares by the selling stockholder in this offering.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-announces-launch-of-public-offering-by-selling-stockholder-0
Wabtec Declares Regular Quarterly Common Dividend

Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 12 cents per share, payable on May 22, 2020 to holders of record on May 8, 2020.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-declares-regular-quarterly-common-dividend
Wabtec Announces First Quarter 2020 Earnings Release Date

Wabtec Corporation (NYSE: WAB) announced it will report first quarter 2020 results before the U.S. financial markets open on May 4, 2020. The Company will conduct a conference call to discuss those results with analysts and investors at 10 a.m. ET the same day. To listen to the call via webcast, visit Wabtec’s website at www.WabtecCorp.com and click on “Events & Presentations” in the “Investor Relations” section. An audio replay of the call will be available by calling 1-877-344-7529 or 1-412-317-0088 (access code:10142434).

https://www.wabteccorp.com/newsroom/press-releases/wabtec-announces-first-quarter-2020-earnings-release-date
Wabtec and Tronix3D Partner to Provide PPE for Local Health System

Wabtec Corporation (NYSE: WAB) and Tronix3D are partnering to provide much needed personal protective equipment (PPE) for Excela Health, a leading health system provider of advanced medical care in Pennsylvania. The partnership is leveraging additive technology to produce 1,000 face shields for the hospital this week, which are critical for frontline healthcare workers responding to the COVID-19 pandemic.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-and-tronix3d-partner-to-provide-ppe-for-local-health-system
Wabtec to Provide NHL With Electric Drive Systems for New Order in Australia

Wabtec (NYSE: WAB), announced today it will supply Inner Mongolia North Hauler Joint Stock Co., Ltd. (NHL), a leading mining truck manufacturer in China, with 28 360-ton premium integrated electric drive systems, to support the company’s 360T mining truck contract with Yancoal in Australia. The systems will help Yancoal’s mining fleet achieve increased productivity and speed on grade performance and help reduce fuel costs and equipment wear.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-to-provide-nhl-with-electric-drive-systems-for-new-order-in-australia
Wabtec Holds 2020 Investor Conference

Wabtec Corporation (NYSE: WAB) will host its 2020 Investor Conference via webcast starting at 8:30 a.m., ET, today. The webcast of the event can be accessed on the investor relations section of the company’s website: www.WabtecCorp.com.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-holds-2020-investor-conference
Wabtec to Webcast Its Investor Conference on March 10

Wabtec Corporation (NYSE: WAB) announced today it is transitioning its scheduled 2020 Investor Conference to a webcast format. The online conference with investors and analysts will take place on Tuesday, March 10 at 8:30 am to 12:30 pm Eastern.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-to-webcast-its-investor-conference-on-march-10
Company Release - Wabtec Files Form 8-K Bridge Reconciliation

Wabtec Corporation (NYSE: WAB) today filed a Form 8-K providing an unaudited pro forma condensed combined statement of income for the year ended December 31, 2019 Financial Statements relating to the combination of Wabtec and GE Transportation which occurred on February 25, 2019. Also included with the Form 8-K is a bridge which provides a reconciliation of Wabtec’s pro forma results to Wabtec’s previously reported 2019 financial results.

https://www.wabteccorp.com/newsroom/press-releases/company-release-wabtec-files-form-8-k-bridge-reconciliation
Wabtec Announces $500 Million Share Buyback Authorization

Wabtec Corporation (NYSE: WAB) announced that its Board of Directors authorized a share buyback program up to $500 million.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-announces-500-million-share-buyback-authorization
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