Welcome to our dedicated page for Wabtec news (Ticker: WAB), a resource for investors and traders seeking the latest updates and insights on Wabtec stock.
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.
This resource serves as your centralized reference for understanding Wabtec's market position through verified financial disclosures and operational updates. Regular updates ensure timely awareness of maintenance service expansions, digital control system deployments, and international market entries. Stay informed about initiatives driving efficiency in freight logistics and urban transit networks.
Bookmark this page for streamlined access to Wabtec's evolving corporate narrative. Combine strategic insights with technical expertise through our maintained repository of official communications and industry analysis.
Wabtec Corporation (NYSE: WAB) reported Q2 2021 earnings per share of $0.66, adjusted EPS of $1.06, and total sales of $2.0 billion, up from $1.7 billion a year ago. Strong cash flow of $223 million was achieved despite pandemic disruptions. Wabtec raised its full-year guidance, expecting sales between $7.9 billion and $8.2 billion, with adjusted EPS guidance between $4.15 and $4.35. The company’s backlog grew to $5.8 billion, the highest since March 2019, supported by increased orders, while year-to-date cash from operations reached $515 million, significantly up from $229 million in 2020.
Wabtec Corporation (NYSE: WAB) has declared a regular quarterly common dividend of 12 cents per share, with payment scheduled for August 27, 2021. Shareholders of record on August 13, 2021 will receive this dividend. This announcement reflects Wabtec's commitment to returning value to its investors and showcases its ongoing financial stability and performance in the freight and transit rail industries.
Wabtec Corporation (NYSE: WAB) has appointed Byron Foster to its Board of Directors. Foster, 52, brings over 30 years of experience in the transportation industry, previously serving as President of Light Vehicle Drive Systems at Dana Incorporated and holding senior roles at Johnson Controls and Adient. His background encompasses operations, engineering, marketing, and supply chain management. Wabtec's Chairman, Al Neupaver, highlighted Foster's potential to enhance the company's leadership in the rail sector, particularly in growth and technical innovation.
Wabtec Corporation (NYSE: WAB) will announce its 2021 second quarter results before the stock market opens on July 29, 2021. A conference call is scheduled for 8:30 a.m. ET that day to discuss the results with analysts and investors. Interested parties can join the call via webcast on Wabtec's website or listen to the audio replay by calling the provided numbers.
Wabtec is a leader in transportation solutions for the rail and industrial sectors and aims for low- to zero-emission systems globally.
CSX and Wabtec are collaborating to enhance sustainability in rail operations through locomotive modernization and advanced digital technologies. This partnership aims to help CSX achieve a 37% reduction in greenhouse gas emissions intensity by 2030. Key initiatives include implementing Wabtec’s Trip Optimizer Zero-to-Zero system, expected to save over 400 million gallons of fuel, and upgrading older locomotives with Tier 4 technology for 20% better fuel efficiency and 90% emissions reduction. The modernizations could lower CO2 emissions by 250 tons per locomotive annually.
Wabtec Corporation (NYSE: WAB) and General Motors (NYSE: GM) are collaborating to develop GM's Ultium battery and HYDROTEC hydrogen fuel cell technologies for Wabtec locomotives. This partnership aims to promote a zero-emission future in rail transportation. Wabtec's FLXdrive locomotive can reduce carbon emissions by 30% and is the world's first fully battery-powered locomotive. The nonbinding memorandum of understanding signifies both companies' commitment to advancing sustainable rail solutions using advanced propulsion technologies.
Wabtec Corporation (NYSE: WAB) has partnered with General Motors (NYSE: GM) to develop and commercialize GM's Ultium battery technology and HYDROTEC hydrogen fuel cell systems for locomotives. This collaboration aims to advance sustainable transformation in the rail industry, targeting a zero-emission future. Wabtec’s FLXdrive locomotive, the world’s first fully battery-powered unit, can significantly reduce carbon emissions. The companies signed a nonbinding memorandum of understanding to capitalize on their expertise in technology and energy management, further validating GM's advanced battery and fuel cell systems.
Wabtec Corporation (NYSE:WAB) has priced a public offering of €500 million aggregate principal amount of 1.250% Senior Notes due 2027. The Notes will have a fixed interest rate of 1.250% annually, maturing on December 3, 2027. Wabtec plans to use the net proceeds for Eligible Green Projects under its Green Finance Framework. The offering is expected to close on June 3, 2021, subject to customary conditions. The Notes will be guaranteed by Wabtec and are set to be listed on Euronext Dublin.
