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Wabtec Corporation (WAB) delivers innovative solutions for freight rail and passenger transportation systems worldwide. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, technological advancements, and strategic initiatives shaping the future of rail transportation.
Access authoritative information on earnings announcements, product innovations, and operational milestones. Our curated collection includes press releases covering locomotive modernization programs, safety system enhancements, and sustainability efforts within the rail sector. Track partnership announcements and regulatory developments impacting global transit infrastructure.
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Wabtec (NYSE: WAB) reported strong Q1 2025 results with significant growth across key metrics. Sales increased 4.5% to $2.61 billion, while GAAP earnings per share rose 22.9% to $1.88 and adjusted EPS grew 20.6% to $2.28.
The company demonstrated robust performance in both segments: Freight sales increased 4.2% to $1,901 million, driven by a 16.9% growth in Services, while Transit sales grew 5.3% to $709 million. Operating margins improved significantly, with adjusted operating margin expanding 1.9 points to 21.7%.
The company maintains a strong backlog position with 12-month backlog up 6.3% to $8,196 million and total backlog increasing 1.0% to $22,302 million. In response to strong performance, Wabtec increased its 2025 adjusted EPS guidance mid-point by $0.10, with a new range of $8.35-$8.95, while maintaining revenue guidance at $10.725-$11.025 billion.
Wabtec (NYSE: WAB) has scheduled its first quarter 2025 earnings release for April 23, 2025, before U.S. financial markets open. The company will host a conference call with analysts and investors at 8:30 a.m. ET on the same day to discuss the results.
Interested parties can access the webcast through Wabtec's website in the Investor Relations section under Events & Presentations. An audio replay will be available via phone at 1-877-344-7529 or 1-412-317-0088 using access code 1346315.
Wabtec (NYSE: WAB) has announced a definitive agreement to acquire Dellner Couplers, a global leader in train connection systems, for $960 million in cash. The Sweden-based company brings 84 years of expertise in safety-critical train connection systems with a global installed base of approximately 100,000 couplers and 12,500 gangways.
The acquisition will be financed through cash on hand and short-term debt, with expected revenue of $250 million in 2025. Projected run-rate cost synergies of $22 million are anticipated over three years. The purchase price represents a 12.5x multiple of projected 2025 EBITDA.
Dellner Couplers operates in 13 countries, serving over 200 customers with production, assembly, and aftermarket services. The transaction is expected to be accretive to adjusted EBIT margins, EPS in the first year, and ROIC over time.
Wabtec (NYSE: WAB) reported strong Q4 2024 results with sales of $2.58 billion and record full-year performance. Fourth quarter adjusted EPS reached $1.68, up 9.1% year-over-year, while GAAP EPS was $1.23, up 2.5%. Full-year 2024 sales totaled $10.39 billion with record operating cash flow of $1.83 billion.
The company saw 20% order growth compared to the prior year, including Q4 orders exceeding $1 billion for new locomotives and modifications. Cash from operations increased 52.7% with 117% cash conversion. The Board approved a 25% increase in quarterly dividend and authorized an additional $1.0 billion for share buybacks.
Looking ahead, Wabtec provided 2025 guidance with expected sales between $10.725-11.025 billion and adjusted EPS of $8.35-8.75, representing a 13.1% increase at the mid-point. The company also updated its 5-year guidance, projecting mid-single digit revenue growth CAGR and 350+ bps of adjusted operating margin expansion through 2029.
Wabtec (NYSE: WAB) has announced the appointment of Juan Perez to its Board of Directors, effective January 29, 2025. Perez, currently serving as Executive Vice President and Chief Information Officer at Salesforce, brings extensive experience in information technology and corporate digital strategy. Prior to Salesforce, he was CIO and Engineering Officer at UPS, where he led the implementation of advanced technologies including AI, virtual assistants, and virtual reality solutions.
Perez will be nominated for election at Wabtec's annual meeting in May 2025. He currently serves on the board of the Hershey Company and holds advisory positions at the University of Southern California's School of Industrial and Systems Engineering and Georgia Tech's School of Business. He is also a senior member of the Institute of Industrial Engineers and a program evaluator for the Accreditation Board of Engineering and Technology.
Wabtec (NYSE: WAB) has announced its Board of Directors' declaration of a regular quarterly dividend. Shareholders will receive $0.25 per share as dividend payment. The dividend will be paid on March 7, 2025, to stockholders who are recorded as holders as of February 21, 2025.
Wabtec (NYSE: WAB) has secured an agreement to provide KinetiX Inspection Technologies to SNCF Voyageurs, France's national railway company. The deal expands KinetiX Systems' presence across 13 SNCF Technicentres in France, adding TreadView, WheelView, and BrakeView inspection systems to existing axle maintenance and acoustic bearing monitoring capabilities.
The KinetiX system provides real-time, automated contactless inspection monitoring of rail assets, capable of operating at speeds up to 120 km/h. The technology integrates machine vision, laser scanning, remote sensing with acoustic and thermal technology, load monitoring, and AI-driven analytics to evaluate key railcar components including wheels, brakes, bearings, air hoses, pantographs, and cross keys.
Wabtec will provide dedicated implementation support, guiding SNCF Voyageurs from installation through ongoing maintenance of the technology suite.
Wabtec (NYSE: WAB) has secured a $248 million order for Evolution Series ES43ACmi locomotives and services from Winning Consortium Simandou (WCS) for their iron ore operations in Guinea. This follows a previous order from SimFer, bringing the combined value to over half a billion dollars, marking one of Wabtec's largest international locomotive deals in five years.
The ES43ACmi locomotives feature a 4,500HP Evolution Series engine, dual-cab design, and meet UIC 3a and EPA Tier 3 emission standards. Deliveries will begin in 2025. The locomotives will operate on the 600-km TransGuinéen Railway, connecting the Simandou mine to the Port of Morebaya. The project involves WCS developing blocks #1 and #2 of the Simandou deposit, containing over 1.8 billion tonnes of estimated iron ore reserves.
Wabtec (NYSE: WAB) has announced a definitive agreement to acquire Evident's Inspection Technologies division for $1.78 billion (~$1.68 billion after tax benefits). The acquisition target, formerly part of Olympus , is expected to generate approximately $433 million in revenue for 2024, with EBITDA of $112 million (25.9% margin).
The deal represents a 12.0x multiple of projected 2025 EBITDA, with anticipated run-rate cost synergies of $25 million. Inspection Technologies brings a stable revenue base with approximately 68% recurring revenue and will double Wabtec's total addressable market from $8 billion to $16 billion.
The transaction is expected to close by the end of first half 2025, subject to regulatory approvals. The acquisition aligns with Wabtec's growth strategy, enhancing its Digital Intelligence business with advanced automated inspection capabilities and expanding its presence in rail, mining, and industrial sectors.
Wabtec (NYSE: WAB) has scheduled its fourth quarter 2024 earnings release for February 12, 2025, before U.S. markets open. The company will host a conference call with analysts and investors at 8:30 a.m. ET on the same day to discuss the results. Interested parties can access the webcast through Wabtec's website in the Investor Relations section under 'Events & Presentations'. An audio replay will be available via phone at 1-877-344-7529 or 1-412-317-0088 using access code 3404117.
