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) announced a significant milestone with its FLXdrive battery-electric locomotive, achieving over an 11% reduction in fuel consumption and greenhouse gas emissions during a three-month pilot with BNSF Railway. This success translates to savings of over 6,200 gallons of diesel and 69 tons of CO2 emissions. The initiative, backed by a $22.6 million grant, aims to accelerate the transition to low-emission locomotives, with a second-generation FLXdrive expected to enhance fuel savings by up to 30%. Wabtec is committed to shaping a clean energy future for the rail industry.
Wabtec Corporation (NYSE: WAB) reported Q1 2021 earnings per diluted share of $0.59, with adjusted earnings at $0.89, down from $0.58 and $0.97 a year ago. Total sales were $1.8 billion, while cash from operations totaled $292 million. The company anticipates 2021 sales between $7.7 billion and $7.9 billion, with adjusted EPS guidance of $4.05 to $4.30. Despite a decrease in Freight segment sales by 9%, a 3% increase in Transit sales was noted. The backlog rose to $21.7 billion, indicating positive long-term growth prospects.
Wabtec Corporation (NYSE: WAB) announced it will report its 2021 first quarter results on April 29, 2021, before U.S. markets open. A conference call is scheduled for the same day at 8:30 a.m. ET, where analysts and investors can discuss the results. An audio replay will be available for those unable to attend the live call. Wabtec is recognized as a leading global provider of solutions in the freight and transit rail sectors, emphasizing innovation and performance in transportation solutions.
Wabtec Corporation (NYSE: WAB) has entered into a definitive agreement to acquire Nordco for $400 million. Nordco is a major supplier of rail maintenance equipment, projected to generate over $175 million in sales and $40 million in EBITDA in 2021. This acquisition aims to enhance Wabtec's portfolio and expand its market presence both domestically and internationally. The deal is expected to create over $10 million in cost synergies and is financed through cash and a revolving credit facility. Regulatory approvals have been secured, and the acquisition will be immediately accretive to Wabtec's EBITDA margin, EPS, and cash flow in 2021.
Wabtec Corporation (NYSE: WAB) has received a substantial order exceeding $70 million from Siemens Mobility for the London Underground’s Piccadilly Upgrade Program. This contract involves supplying brakes, HVAC systems, passenger information systems, and third-rail current collectors for 94 new trains. Key benefits include a weight reduction of 250 kg per train, improved energy efficiency, enhanced safety features, and modernized passenger experience. This initiative supports London's transit infrastructure and aims to create job growth while modernizing aging systems.
Wabtec Corporation (NYSE: WAB) has declared a quarterly dividend of 12 cents per share, payable on May 21, 2021, to shareholders on record as of May 7, 2021. Known for its comprehensive range of rail and transit solutions, Wabtec leverages extensive industry experience to provide cutting-edge technological innovations. The company is committed to enhancing safety, efficiency, and passenger comfort within global transportation systems. This dividend announcement reflects Wabtec's ongoing commitment to delivering value to its shareholders.
Wabtec Corporation (NYSE: WAB) announced its fourth quarter and full year 2020 financial results, highlighting a solid operational performance despite pandemic challenges. For Q4, Wabtec reported sales of $2.0 billion and GAAP earnings per diluted share of $0.46. The total backlog stood at $21.6 billion as of December 31, 2020. Looking ahead, Wabtec provided 2021 sales guidance between $7.6 billion and $7.9 billion, with expected GAAP earnings per diluted share between $2.65 and $3.05. The company also plans to achieve run-rate savings of $250 million this year.
Wabtec Corporation (NYSE: WAB) announced that Erwan Faiveley will not seek re-election to the Board of Directors in May 2021 after serving since 2016. Faiveley cited the need to focus on expanding the family’s wine business as the reason for his decision but affirmed the family's ongoing commitment as significant shareholders. Chairman Al Neupaver acknowledged Faiveley’s leadership during the company’s growth and strategic merger with Faiveley Transport. Wabtec is searching for diverse candidates to enhance its leadership team in light of its evolving business needs.
Wabtec Corporation (NYSE: WAB) will report its fourth quarter results for 2020 before U.S. markets open on February 18, 2021. A conference call to discuss these results will take place at 8:30 a.m. ET the same day, accessible via webcast on Wabtec’s website. This event marks a key moment for investors and analysts to gain insights into the company’s performance and future outlook. Wabtec, a major player in the rail industry, focuses on innovation and digital solutions, supporting freight and transit sectors globally.
