Press Releases

Wabtec Announces Third Quarter 2020 Earnings Release Date

PITTSBURGH – September 29, 2020 – Wabtec Corporation (NYSE: WAB) announced it will report third quarter 2020 results before the U.S. financial markets open on Oct. 29, 2020. The Company will conduct a conference call to discuss those results with analysts and investors at 8:30 a.m. ET the same day.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-announces-third-quarter-2020-earnings-release-date
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 Wins Federal Order for Advanced Marine Engines on New Multi-Use Ships

Wabtec Corporation (NYSE: WAB) announced today its first U.S. Government order for marine engines with advanced emissions reduction technology. The deal is worth more than $10 million and marks Wabtec’s 100th order for EPA Tier 4 compliant marine engines. The Wabtec 16V250 Series Marine Diesel Engines will be used aboard the U.S. Maritime Administration’s two new National Security Multi-Mission Vessels (NSMVs). The vessels represent the first two of a planned five-ship NSMV fleet.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-wins-federal-order-for-advanced-marine-engines-on-new-multi-use-ships
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 Announces Second Quarter 2020 Earnings Release Date

Wabtec Corporation (NYSE: WAB) announced it will report second quarter 2020 results before the U.S. financial markets open on July 28, 2020. The Company will conduct a conference call to discuss those results with analysts and investors at 8:30 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 (877) 344-7529 or (412) 317-0088 (access code: 10145576).

https://www.wabteccorp.com/newsroom/press-releases/wabtec-announces-second-quarter-2020-earnings-release-date
Wabtec’s Bids for Kids 2020 Event Raises $173,000 for Local Charities

Wabtec (NYSE: WAB) presented checks today to local charities totaling $173,000 from a successful 2020 Bids for Kids fundraiser. The funds support important community programs at Erie’s Boys & Girls Club, Make-A-Wish and Shriners Hospitals for Children.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-s-bids-for-kids-2020-event-raises-173000-for-local-charities
Wabtec Announces Pricing of Senior Notes Offering

Wabtec Corporation (NYSE: WAB) (“Wabtec”) announced that it has priced a public offering of $500 million aggregate principal amount of 3.200% Senior Notes due 2025 (the “Notes”). The Notes will be guaranteed by each of Wabtec’s current and future subsidiaries that guarantee its indebtedness under its credit agreement or any other debt of Wabtec or any other guarantor.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-announces-pricing-of-senior-notes-offering
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