Press Releases

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.

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.

Palm Tran is focusing on bus operator safety during COVID-19 by retrofitting its entire bus fleet with barriers that are affectionately called “bus operator office doors.” Each door installed provides a heavy-duty glass shield and lower door helping reduce contact between the bus operator and passengers. There was a special kick-off event held to celebrate the completed installation, where County Administrator Verdenia C. Baker demonstrated the use of the doors.

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).

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.

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.

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.

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.

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.

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.

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.

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.

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.

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).

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.