Westinghouse Air Brake Technologies

Westinghouse Air Brake Technologies Corp. engages in the provision of equipment, systems, and value-added services for the rail industry. It operates through the Freight and Transit segments. The Freight segment builds new locomotives, manufactures and services components for new and existing freight cars and locomotives, rebuilds freight locomotives, supplies railway electronics, positive train control equipment, and signal design and engineering services, and provides related heat exchange and cooling systems. The Transit segment manufactures and services components for new and existing passenger transit vehicles, including regional trains, high speed trains, subway cars, light-rail vehicles, and buses, builds new commuter locomotives, refurbishes subway cars, and provides heating, ventilation, air conditioning equipment, and doors for buses and subway cars. The company was founded in 1869 and is headquartered in Pittsburgh, PA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Wabtec reports robust Q4 earnings, eyes growth in modernizations and technology

Wabtec's Q4 2022 performance reflects strong sales growth, a solid backlog, and a focus on resilience and predictable earnings. The company faces challenges in the supply chain environment and uncertainties in projecting price contribution to growth. However, opportunities in new business ventures, technology investments, and margin expansion present a positive outlook for Wabtec's future.

WAB reports strong Q1 performance, eyes growth in automation

WAB's Q1 2023 performance was strong, with sales and earnings showing significant growth.
The company faces challenges in managing costs and margins, but opportunities exist in automation and new markets.
With a focus on growth in modernizations, new sales, and digital solutions, WAB aims for continued success.
Optimism in transit segment and strategic orders in emerging markets position WAB for future growth.

Wabtec reports robust Q2 sales growth and optimistic outlook

Wabtec's Q2 performance reflects strong sales growth, a focus on efficiency, and a positive outlook. Challenges include supply chain disruptions and backlog fluctuations. The company's emphasis on new locomotives, modernizations, and acquisitions signals a strategic approach to driving growth and profitability.

Wabtec reports strong Q3 earnings, eyes growth in Kazakhstan

Wabtec Corporation's Q3 2023 showcased robust financial performance, operational efficiency, and strategic initiatives driving growth and profitability amidst a challenging macro environment.
The company's strengths lie in backlog growth, strategic partnerships, diversified revenue streams, and operational improvements, positioning it well for sustained expansion and market leadership.
While facing challenges in delivery timing clarity and macroeconomic conditions, WAB has opportunities in market expansion, deal conversions, and sector momentum to drive future growth and success.

Wabtec reports robust Q4 earnings, eyes international growth opportunities

Wabtec's Q4 performance reflects a resilient business model with strong sales growth, margin expansion, and strategic initiatives. While facing challenges in North American demand, the company is poised for international growth and cost optimization. Opportunities lie in capital allocation strategies, portfolio optimization, and enhanced operational efficiency to drive profitability and sustainable growth.

Westinghouse Air Brake Technologies (WAB) excels in Q1 performance and embraces sustainable growth strategies

Westinghouse Air Brake Technologies (WAB) delivered a strong Q1 performance, showcasing revenue growth, margin strength, and a focus on sustainable initiatives. The company's strategic orders, cost-saving efforts, and long-term growth outlook position it well for future success amidst evolving market dynamics.

Wabtec excels in Q2, boosts guidance on strong growth prospects

Wabtec's Q2 performance reflects strong sales growth, improved profitability, and a positive outlook for the remainder of 2024.
The company's strategic focus on innovation, customer needs, and financial discipline underpins its growth trajectory and shareholder value creation.
Despite potential challenges, Wabtec's solid financial position, market opportunities, and operational efficiency bode well for sustained success.

Wabtec excels in Q3, raises guidance amid international opportunities

Wabtec's Q3 results reflect a solid performance with revenue growth, margin improvement, and operational efficiencies. With a strong balance sheet and increased guidance, the company is well-positioned for future growth and value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

ERIE, Pa.--(BUSINESS WIRE)--Wabtec and its launch customer, Roy Hill, a leading iron ore miner majority owned by Australia's most successful private company, Hancock Prospecting, celebrated the debut of the FLXdrive battery locomotive, the world's first 100% battery-powered, heavy-haul locomotive for mainline service. The ceremony unveiled the unique, striking pink-colored locomotive at Wabtec's design and development center in Pennsylvania in front of employees, customer executives, and govern.

Wabtec and Roy Hill Unveil the First FLXdrive Battery Locomotive

Wabtec (WAB) third-quarter 2023 revenues grew 22.5% year over year on the back of higher sales of the Freight and Transit segments.

Wabtec (WAB) Q3 Earnings & Revenues Top Estimates, View Up

Westinghouse Air Brake Technologies Corporation. (NYSE:WAB ) Q3 2023 Earnings Conference Call October 25, 2023 8:30 AM ET Company Participants Kristine Kubacki - VP, IR Rafael Santana - CEO, President & Director John Olin - EVP & CFO Conference Call Participants Justin Long - Stephens Jerry Revich - Goldman Sachs Nathan Ho - Bank of America Ivan Yi - Wolfe Research Matthew Elkott - TD Cowen Saree Boroditsky - Jefferies Robert Wertheimer - Melius Research Steve Barger - KeyBanc Capital Markets Operator Good morning, and welcome to Wabtec Corporation Third Quarter 2023 Earnings Conference Call.

Westinghouse Air Brake Technologies Corporation (WAB) Q3 2023 Earnings Call Transcript

Westinghouse Air Brake Technologies (WAB) came out with quarterly earnings of $1.70 per share, beating the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.22 per share a year ago.

Westinghouse Air Brake Technologies (WAB) Q3 Earnings and Revenues Surpass Estimates

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) today reported third quarter 2023 GAAP earnings per diluted share of $1.33, up 51.1% versus the third quarter of 2022. Adjusted earnings per diluted share were $1.70, up 39.3% versus the same quarter a year ago. Third quarter sales were $2.55 billion, up 22.5% versus the third quarter a year ago, driven by strong sales across the Freight and Transit segments. The Company generated strong operating cash flow of $425 million resulting in.

Wabtec Delivers Strong Third Quarter 2023 Results; Raises Full-Year Guidance

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) will provide brakes and couplers for 640 MTA New York City Transit (NYCT) train cars via its client Kawasaki Rail Car, Inc. The multi-million-dollar order for service-proven equipment provides seamless interoperability with other subway fleets in the New York City Transit System (NYCTS). The commonality of brake control components across the fleets benefits the transit authority with maintainability and inventory advantages. “We are de.

Wabtec to Provide Brakes and Couplers for 640 New York City Metro System Train Cars

Westinghouse Air Brake Technologies Corp. is a global tech-driven solutions provider for freight rail and public transit. The company's financials show a market value of ~$19.04 billion and a Return on Invested Capital of 5%. Wabtec strategically utilized acquisitions, including the purchase of GE Transportation, to drive growth and expand its market presence.

Westinghouse Air Brake Technologies: Too Overvalued For My Liking

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced it will report 2023 third quarter results before the U.S. financial markets open on October 25, 2023. 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 availa.

Wabtec Announces Third Quarter 2023 Earnings Release Date

Canadian Pacific Kansas City Limited

J.B. Hunt Transport Services

Transportation stocks are typically viewed as moving in sync with the economy as a whole. Despite what the very stubborn bears say,  I would argue that this characteristic makes transportation stocks very attractive at the current time, as the Fed projects that the U.S. economy will grow at an extremely rapid 4.9% in the current quarter.

Road to Riches: 3 Transportation Stocks Set to Outpace the Market

Wabtec (WAB) raises its 2023 sales view in the range of $9.25-$9.50 billion (prior view: $8.7-$9 billion).

Here's Why You Should Add Wabtec (WAB) to Your Portfolio

Herc Hlds

Trinity Industries

Now that the United States FED has been applying pressure by raising interest rates and decreasing liquidity levels in the economy, investment dollars become more and more focused on healthy - and predictable - free cash flow alongside a healthy mix of growth.

Markets Are Loving These Stocks 'Firing On All Cylinders'

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation today released the following statement about the purported antitrust complaint filed last week by Progress Rail, a Caterpillar Inc. company: “We believe that Progress Rail's recent complaint against Wabtec at its core is an unsupported attack on the merger of Wabtec and GE Transportation, which was completed over four years ago. The merger has provided benefits to the entire industry, as well as Progress Rail itself. Progress Rail actively partici.

Wabtec Comment on Progress Rail Complaint

GATX

Triton International

The Zacks Industry Rank for the Transportation Equipment & Leasing industry paints a rosy picture. WAB, TRTN and GATX are well-positioned to make the most of the bullish scenario.

3 Stocks to Buy From Transport Equipment & Leasing Industry

Wabtec (WAB) second-quarter 2023 earnings benefit from higher sales.

Wabtec (WAB) Tops on Q2 Earnings & Revenues, Raises View

Westinghouse Air Brake Technologies (WAB) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.23 per share a year ago.

Westinghouse Air Brake Technologies (WAB) Q2 Earnings and Revenues Beat Estimates

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) today reported second quarter 2023 GAAP earnings per diluted share of $1.06, up 16.5% versus the second quarter of 2022. Adjusted earnings per diluted share were $1.41, up 14.6% versus the same quarter a year ago. Second quarter sales were $2.41 billion, up 17.5% versus the second quarter a year ago, driven by strong sales across the Freight and Transit segments. The Company generated $115 million in operating cash flow during the seco.

Wabtec Delivers Strong Second Quarter 2023 Results; Raises Full-Year Guidance

PITTSBURGH--(BUSINESS WIRE)--Wabtec (NYSE: WAB) Digital Mine, a leading provider of innovative mining solutions, announced the company received a series of orders for 3,500 of its new Generation 3 Collision Avoidance System (Gen 3 CAS) from three major global mining companies. The capabilities of the new system will drive performance and safety improvements at the customers' mining operations. "These orders demonstrate the Gen 3 CAS's value and rapid market adoption since we launched the system.

Wabtec Digital Mine Secures Deals with Global Mining Companies for 3,500 Gen 3 Collision Avoidance Systems

Westinghouse Air Brake Technologies Corporation has seen steady continuation of sales and earnings growth. The company continues to benefit from long-term tailwinds, accompanied by occasional bolt-on dealmaking. I like this strategy, although the current valuations look largely fair.

Wabtec: Railing Along On A Long-Term Growth Trajectory

RIO DE JANEIRO--(BUSINESS WIRE)--Vale announced a partnership with Wabtec Corporation (NYSE: WAB) to advance the decarbonization of the company's rail operations. The deal includes an order for three of Wabtec's FLXdrive battery locomotives and a collaboration to test ammonia as a potential clean, alternative fuel to replace diesel. The three 100% battery powered FLXdrive locomotives will be used on the Carajás Railroad (EFC), which runs the world's largest iron ore train consisting of 330 rail.

Vale partners with Wabtec on alternative fuels study and orders three FLXdrive battery electric locomotives

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) won a prestigious contract to supply passenger information systems (PIS) and pantographs for up to 504 Stadler cars as part of the VDV Tram-Train project. The order will enhance the passenger experience and power the new train cars for the transit consortium led jointly by six transportation companies from Germany and Austria. The company is responsible for the design, manufacturing, and delivery of the advanced PIS and pantograph syst.

Wabtec Wins Significant Component Order for Major German-Austrian Transit Consortium Project

PERTH, Australia--(BUSINESS WIRE)--The CBH Group (CBH) has entered into an agreement with Wabtec Corporation (NYSE: WAB) to acquire 17 narrow-gauge locomotives, marking a significant investment in expanding the co-operative's rail fleet as part of the ‘Path to 2033 Strategy'. Wabtec, a leading global provider of equipment, systems and digital solutions for the freight and transit rail sectors, will build 17 CM20ACi dual-cab, diesel-electric locomotives for CBH. The first tranche of five locomot.

CBH Acquires Narrow-Gauge Locomotives From Wabtec

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced it will report 2023 second quarter results before the U.S. financial markets open on July 27, 2023. 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 availabl.

Wabtec Announces Second Quarter 2023 Earnings Release Date

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced today its largest certified pre-owned locomotive order from six Genesee & Wyoming Inc. (G&W) subsidiaries – Buffalo & Pittsburgh Railroad; Chicago, Ft. Wayne & Eastern Railroad; Connecticut Southern Railroad; Indiana & Ohio Railway; New England Central Railroad and Providence and Worcester Railroad. The order of 69 locomotives builds upon Wabtec's certified pre-owned program and enables G&W to further.

Wabtec's Certified Pre-Owned Program Wins Its Largest Order for 69 Locomotives from Six Genesee & Wyoming Railroads

Wabtec (WAB) gains from robust growth across its Freight segment's revenues and strategic acquisition. Its shareholder-friendly approach is commendable.

Here's Why Investors Should Retain Wabtec (WAB) Stock Now

Wabtec (WAB) acquires L&M Radiator for $230 million to expand its Mining portfolio. Management expects this buyout to boost its EPS (excluding transaction costs) with immediate effect.

News for Westinghouse Air Brake Technologies Stock (WAB)