Press Releases

VLI – a logistics solutions company that operates ports, railways and terminals –signed a contract today for nine Wabtec Evolution Series locomotives (ES43BBI model), which will join the company's premium fleet for the transport of cargo on the Ferrovia Centro-Atlântica (FCA ). The order, valued at approximately R$200 million, represents another investment by VLI in the national rolling stock industry. The first locomotives are expected to be delivered in about 18 months.

PITTSBURGH, February 27, 2023 — Wabtec Corporation (NYSE: WAB) announced today leadership moves aimed at accelerating the long-term growth strategy in the Services and Transit businesses, as well as the company’s overall sustainability, and business development initiatives.

PITTSBURGH, February 21, 2023 – Wabtec Corporation (NYSE: WAB) released today its 2022 Sustainability Report highlighting the company’s progress on key environmental, social, and governance (ESG) commitments. The company is focused on creating a sustainable future through innovative technologies, responsible operations, and empowering people and communities.

PATNA, India February 20, 2023 — Wabtec Corporation (NYSE: WAB) celebrated the delivery of the 500th Evolution Series Locomotive to Indian Railways. The celebration at Wabtec’s plant in Marhowra, Bihar marked another milestone in the 2015 $2.5 billion agreement as part of the Government of India’s Public Private Partnership ‘Make in India’ program to develop and supply 1,000 fuel-efficient, emission-compliant diesel-electric Evolution Series locomotives.

ARLES, France, Feb. 17, 2023 --Wabtec Corporation (NYSE: WAB), French national operator Fret SNCF and regional operator RDT13 (Régie des Transports des Bouches du Rhône) launched today the MONITOR Project, the first innovation project of the French Rail Freight of the Future (4F) coalition to accelerate the development of the rail freight industry in Europe.

PITTSBURGH, February 15, 2023 – Wabtec Corporation (NYSE: WAB) today reported fourth quarter 2022 GAAP earnings per diluted share of $0.86, down 15.7% versus the fourth quarter of 2021. Adjusted earnings per diluted share were $1.30, up 10.2% versus the same quarter a year ago. Fourth quarter sales were $2.31 billion and cash from operations was $410 million.

BANGALORE, January 19, 2023 — Wabtec Corporation announced today the winners of the company’s 2022-23 “Exceed Campus Challenge” in India. The winning teams developed innovative proposals for a range of technical challenges facing the rail industry.

Wabtec Corporation (NYSE: WAB) announced it will report 2022 fourth quarter results before the U.S. financial markets open on February 15, 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

Wabtec's site in Avellino, Italy has received International Railway Industry Standard's (IRIS) Gold certification for quality performance, The IRIS Gold is the highest level of excellence, and currently only two other rail industry sites have achieved 

PITTSBURGH, December 6, 2022 -- Wabtec Corporation’s (NYSE: WAB) DistanceMaster solution took a major step toward improving braking performance for transit rail operators with the certification of the company’s adaptive wheel slide protection (WSP) technology. The solution addresses the wheel and rail adhesion bottleneck enabling transit systems to improve efficiency and increase network capacity.

Wabtec Corporation is working to advance the electrification of vessels by participating in the HYPOBATT (Hyper powered vessel battery charging system) project. The HYPOBATT project, part of the EU-wide Horizon initiative, is focused on developing a megawatt-charging standard and infrastructure for ferries in European ports.

PITTSBURGH, November 16, 2022 – Wabtec Corporation announced today a definitive agreement to acquire Super Metal, a supplier of automated vehicles and equipment solutions that support rail operations. Super Metal is one of the leading Brazilian companies in the maintenance of way segment of the rail industry.

PITTSBURGH, Nov. 16, 2022 — The Wabtec Foundation, the philanthropic arm of Wabtec Corporation (NYSE: WAB), today announced a donation of $25,000 to support local relief efforts in Florida following Hurricanes Ian and Nicole. The donation is being made to the Red Cross.

PITTSBURGH, November 1, 2022 – Wabtec Corporation (NYSE: WAB) today reported third quarter 2022 GAAP earnings per diluted share of $0.88, up 27.5% versus the third quarter of 2021. Adjusted earnings per diluted share were $1.22, up 7.0% versus the same quarter a year ago. Third quarter sales were $2.08 billion, and cash from operations was $204 million.

Wabtec Corporation announced today that its Board of Directors declared a regular quarterly common dividend of 15 cents per share, payable on November 28, 2022 to holders of record on November 14, 2022.