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WILMERDING, PA, Oct. 13, 2015 – Wabtec Corporation (NYSE: WAB) will report 2015 third quarter results before the U.S. financial markets open on Thursday, Oct. 22. The company will conduct a conference call to discuss those results with analysts and investors at 10 a.m. the same day. To listen to the call via webcast, please go to www.wabtec.com and click on the “Investor Relations” and “Webcasts” tabs of the site. An audio replay of the call will also be available by calling 412-317-0088 (passcode: 466#).
 
Wabtec Corporation is a global provider of value-added, technology-based products and services for the rail and transit industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services.

WILMERDING, PA, October 12, 2015 – Wabtec Corporation (NYSE: WAB) has acquired the assets of Track IQ, a manufacturer of wayside sensor systems for the global rail industry, with annual sales of about $15 million.
 
Track IQ’s products use acoustic sensors on the tracks to monitor and measure the operating condition of bearings and wheels on freight and passenger rail vehicles. The products provide data used to improve preventive maintenance and safety performance. The company’s systems have been installed at more than 150 locations around the world.
 
Raymond T. Betler, Wabtec’s president and chief executive officer, said: “With its core sensor technology, Track IQ expands our capabilities into an important segment of the wayside market. We see opportunities to integrate the company’s sensors into Wabtec’s existing train control, signaling and electronics product offerings. In addition, we can leverage Track IQ’s technology and expertise as we develop enhancements and additional features for our train control products.”
 
Based in Australia, Track IQ has additional product support offices in the U.S. and Europe. Its customers include Class I railroads in the U.S., and other...

WILMERDING, PA, October 6, 2015 – Wabtec Corporation (NYSE: WAB) has signed a definitive share purchase agreement to acquire from members of the Faiveley family approximately 51% of Faiveley Transport S.A. (Euronext Paris: LEY), a leading global provider of value-added, integrated systems and services for the railway industry with annual sales of about $1.2 billion. On July 27, Wabtec announced that it had made an irrevocable offer to acquire these shares. Faiveley Transport has now completed required labor group consultations and the majority shareholders have accepted the Wabtec purchase offer.

Wabtec has also entered into a definitive tender offer agreement with Faiveley Transport and a definitive shareholders agreement with the majority shareholders of Faiveley Transport. Closing of the transactions is subject to various customary conditions, including completion of remaining regulatory requirements.

Under the share purchase agreement, Wabtec plans to purchase the shares for €100 per share, payable 25% in cash and 75% in Wabtec preferred stock, mandatorily convertible after three years into a total of approximately 6.5 million Wabtec common shares. Upon completing the share purchase, Wabtec will commence a tender offer for the remaining publicly traded Faiveley Transport shares....

Strategic Combination To Expand Geographic Presence, Broaden Capabilities and Enhance Product Innovation
 
WILMERDING, PA, July 27, 2015 – Wabtec Corporation (NYSE: WAB) plans to acquire Faiveley Transport S.A. (Euronext Paris: LEY), a leading global provider of value-added, integrated systems and services for the railway industry with annual sales of about $1.2 billion.
 
The transaction, which is subject to various conditions, including labor group consultations and other regulatory requirements, has been structured in three steps

  • Wabtec has made an irrevocable offer to the owners of approximately 51% of Faiveley Transport’s shares for a purchase price of €100 per share, payable 25% in cash and 75% in Wabtec preferred stock. The preferred stock will have a 1% annual dividend or, if greater, the dividend assuming full conversion into common shares, and must be converted after three years into Wabtec common shares at an implied ratio of one Faiveley Transport common share for 1.125 Wabtec common shares. Shareholders owning 51% of Faiveley Transport have entered into exclusive discussions with Wabtec.
  • Upon completion of required labor group consultations, Wabtec expects that the 51% shareholders will enter into
  • ...

WILMERDING, PA, July 23, 2015 – Wabtec Corporation (NYSE: WAB) today reported record results for the 2015 second quarter, including the following:

  • Second quarter sales were a record $847 million, 16 percent higher than the year-ago quarter, due to strong growth in the Freight segment.
  • Income from operations was a record $156 million, or 18.4 percent of sales, compared to 18.1 percent in the year-ago quarter.
  • Earnings per diluted share were a record $1.04, which was 14 percent higher than the year-ago quarter.
  • Cash flow from operations in the quarter was $67 million. At June 30, 2015, the company had cash of $265 million and debt of $400 million.

 
Based on Wabtec’s first half results and outlook for the rest of the year, the company affirmed its 2015 guidance for earnings per diluted share of about $4.10, with revenues expected to be up about 10 percent for the year.
 
Raymond T. Betler, Wabtec’s president and chief executive officer, said: “We had another strong operating quarter, with record sales, earnings and margins, driven by the performance of our Freight Group. We continue to execute...

WILMERDING, PA, July 21, 2015 – Wabtec Corporation (NYSE: WAB) will celebrate its 20th anniversary as a New York Stock Exchange (NYSE) listed company by ringing the Closing Bell today. Shares of Wabtec officially began trading on the exchange on June 16, 1995.
 
President and Chief Executive Officer Ray Betler will do the honors of ringing the bell. Mr. Betler will be joined by members of Wabtec’s executive management team and the company’s board of directors, including Executive Chairman Al Neupaver and Lead Director Bill Kassling.
 
In addition to celebrating 20 years on the exchange, Wabtec holds the distinction of being the only company on the NYSE, or any U.S. stock exchange, whose year-end stock price has increased every year for the past 14 years.
 
Headquartered in Wilmerding, PA, Wabtec has a rich history with the Pittsburgh region dating back to 1869 when its founder, George Westinghouse, revolutionized the rail industry with the invention of the air brake. Today Wabtec supplies highly engineered components and systems for rail and power generation markets in more than 100 countries around the world.
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WILMERDING, PA, July 15, 2015 – Wabtec Corporation (NYSE: WAB) will report 2015 second quarter results before the U.S. financial markets open on Thursday, July 23. The company will conduct a conference call to discuss those results with analysts and investors at 10 a.m. the same day. To listen to the call via webcast, please go to www.wabtec.com and click on the “Investor Relations” and “Webcasts” tabs of the site. An audio replay of the call will also be available by calling 412-317-0088 (passcode: 466#).
 
Wabtec Corporation is a global provider of value-added, technology-based products and services for the rail and transit industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services.

WILMERDING, PA, June 17, 2015 – Wabtec Corporation (NYSE: WAB) has acquired Metalocaucho, a European-based manufacturer of transit products, primarily rubber components for suspension and vibration control systems. Based in northern Spain, the company has annual sales of about $25 million.
 
Metalocaucho provides a variety of rubber-to-metal components used mainly on high-speed, inter-city and metro passenger transit cars. Its customers include original equipment manufacturers and transit agencies throughout Europe, and in China and India.
 
Raymond T. Betler, Wabtec’s president and chief executive officer, said: “Metalocaucho expands our geographic footprint in key markets with key customers and broadens our existing portfolio of specialty rubber components. We see opportunities to grow the business by integrating its products into our distribution channels, especially in North America, and by leveraging its existing customer relationships.”
 
Metalocaucho has about 100 employees, with facilities in Spain, China and India.
 
Wabtec Corporation is a global provider of value-added, technology-based products and services for rail and other industrial markets. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles....

WILMERDING, PA, April 28, 2015 – Wabtec Corporation (NYSE: WAB) declared its regular quarterly dividend of 6 cents per share, payable on May 29, 2015 to holders of record on May 15, 2015.
 
Wabtec Corporation is a global provider of value-added, technology-based products and services for the rail and transit industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services.

WILMERDING, PA, April 28, 2015 – Wabtec Corporation (NYSE: WAB) declared its regular quarterly dividend of 6 cents per share, payable on May 29, 2015 to holders of record on May 15, 2015.
 
Wabtec Corporation is a global provider of value-added, technology-based products and services for the rail and transit industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services.

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