Press Releases

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.

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.

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.

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.

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

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.

Wabtec Corporation (NYSE: WAB) celebrated the groundbreaking of a 20,000-sqm, state-of-the-art green factory for developing and manufacturing brakes, as well as maintaining brakes and couplers for transit vehicles. Once complete, the new facility in Bochum will be a DGNB Gold-certified property, in recognition of its sustainable and innovative design

Wabtec Corporation (NYSE: WAB) announced it will report 2019 fourth quarter results before the U.S. financial markets open on Feb. 18, 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: 10138395).

Wabtec Corporation (NYSE: WAB) announced today it has acquired RELCO Locomotives, a long-established player in the locomotive overhaul and maintenance industry. The acquisition expands Wabtec’s freight services capabilities and capacity to support growth in the remanufacturing and repair business.

Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 12 cents per share, payable on February 21, 2020 to holders of record on February 7, 2020.

Wabtec Corporation (NYSE: WAB), a leading technology supplier for the freight and transit rail industries, inaugurated today the Wabtec India Engineering and Technology Center (WITEC) in Bengaluru. The company’s new center is a world-class facility designed to support growth and innovation.

Wabtec (NYSE: WAB) and infrastructure company Megha Engineering & Infrastructure Limited (MEIL) announced an agreement for 143 AC drill motors to support an upcoming onshore rig replacement project for India’s state-owned petroleum explorer, Oil and Natural Gas Corporation’s (ONGC). The deal will support ONGC in its efforts to replace their aging fleet of onshore drilling rigs.

Wabtec Corporation (NYSE: WAB) today announced a strategic initiative with Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, to transition business-critical applications of the global logistics leader, to cloud. This is part of Wabtec’s recent merger with GE Transportation.

Wabtec Corporation (NYSE: WAB) today reported earnings per diluted share of $0.48 and adjusted earnings per diluted share of $1.03 in the 2019 third quarter (see reconciliation table). The company generated GAAP cash from operations of $124 million for the quarter and affirmed its 2019 GAAP cash from operations guidance of about $900 million. Wabtec also updated its full-year guidance for adjusted sales of about $8.2 billion and adjusted earnings per diluted share to between $4.15 to $4.20.

Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 12 cents per share, payable on November 29, 2019 to holders of record on November 15, 2019.