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Wabtec Corp. - WAB STOCK NEWS

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.

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Wabtec 's (NYSE: WAB) Green Friction braking technology is now set to begin commercial operations on the RER A rail line in Paris. This initiative, in collaboration with Île-de-France Mobilités (IDFM) and RATP, aims to improve air quality in rail tunnels by reducing braking particle emissions by up to 90%. The Green Friction brake linings will be installed on all MI09 trains servicing over one million daily passengers. Extensive testing over a year and one million kilometers has shown significant emission reductions without affecting safety or performance. Philippe Nogues-Cubelles, Wabtec's VP of Friction, highlighted the global challenge of particulate emissions and emphasized Wabtec's unique, cost-effective solution. Developed in 2019, Green Friction is designed to meet stringent air pollution standards, garnering interest from metro networks across France, Europe, and Asia.

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Wabtec (NYSE: WAB) announced that its Board of Directors has declared a regular quarterly common dividend of 20 cents per share. This dividend will be payable on June 11, 2024, to shareholders on record as of May 28, 2024.

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Wabtec reported strong first quarter 2024 results with GAAP earnings per share of $1.53, up 64.5%, and adjusted earnings per share of $1.89, up 47.7%. Sales grew by 13.8% to $2.50 billion. The company raised its full-year guidance for 2024, expecting adjusted EPS between $7.00 to $7.40, a 21.6% increase at the mid-point from 2023. Wabtec's President and CEO highlighted the momentum, increased earnings, and strong orders pipeline for profitable growth ahead.
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Wabtec (NYSE: WAB) has secured a digital solutions agreement with Australian Rail Track (ARTC) to address the interoperability of rail systems in Australia. The collaboration aims to develop an interoperability standard between ARTC's Advanced Train Management System (ATMS) and European Rail Traffic Management System (ETCS) Level 2, enhancing safety and competitiveness in Australia's national rail network.
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Wabtec (NYSE: WAB) will release its 2024 first quarter results on April 24, 2024, followed by a conference call with analysts and investors. The call can be accessed through the company's website or by phone for an audio replay.
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Wabtec Corporation appoints Kyra Yates as Vice President of Investor Relations, succeeding Kristine Kubacki. Yates brings extensive financial and operational experience to communicate the company's vision, strategy, and financial performance to shareholders and the financial community.
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Wabtec (WAB) launches Shuttlewagon Commander NXT, a next-gen railcar mover offering improved performance and efficiency. The NXT series features advanced technology like ShuttleLaunch, narrow frame, and dual-rail wheel design for enhanced navigation in challenging terrains. With tractive efforts from 26,000 lbs to 41,300 lbs, the Commander NXT caters to diverse operational needs, marking a significant advancement in the railcar moving industry.
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Wabtec Corporation (WAB) announces a public offering of $500 million aggregate principal amount of 5.611% Senior Notes due 2034. The Notes will be guaranteed by current and future subsidiaries, paying interest semi-annually and maturing on March 11, 2034. Proceeds will be used to repay outstanding 4.15% Senior Notes due 2024.
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MRS Logística and Wabtec Corporation announce a R$500 million deal for 30 new Evolution Series locomotives, enhancing efficiency and sustainability in rail transport. The agreement strengthens their long-standing relationship, with deliveries starting in 2024. The advanced technology of the ES44ACi locomotives aims to reduce emissions and operating costs, aligning with global sustainability efforts.
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Wabtec Corporation (NYSE: WAB) reported strong financial results for Q4 2023 with GAAP EPS of $1.20, up 39.5%, and adjusted EPS of $1.54, up 18.5%. Sales grew by 9.5% to $2.53 billion, with full-year 2023 sales reaching $9.68 billion. Operating cash flow for Q4 was $686 million, and the company announced a $1.0 billion share buyback program and a 17.6% dividend increase.
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Wabtec Corp.

NYSE:WAB

WAB Rankings

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29.22B
169.09M
1.09%
95.84%
1.3%
Railroads
Railroad Equipment
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United States
PITTSBURGH