Westinghouse Air Brake Technologies Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems. It serves publicly traded railroads; leasing companies; manufacturers of original equipment, including locomotives and freight cars; and utilities. The Transit segment manufactures and services components for new and existing passenger transit vehicles, such as regional trains, high speed trains, subway cars, light-rail vehicles, and buses; refurbishes subway cars; and provides heating, ventilation, and air conditioning equipment, as well as doors for buses and subways. It serves public transit authorities and municipalities, leasing companies, and manufacturers of subway cars and buses. The company also provides electronically controlled pneumatic braking products; railway electronics; freight car trucks; draft gears, couplers, and slack adjusters; air compressors and dryers; heat exchangers and cooling products; and track and switch products. In addition, it offers railway braking equipment and related components; friction products; new commuter and switcher locomotives; transit locomotive and car overhaul services; and freight locomotive overhaul and refurbishment services. Further, the company provides doors for buses and subway cars; platform screen doors; pantographs; window assemblies; couplers; accessibility lifts and ramps for buses and subway cars; and traction motors. Westinghouse Air Brake Technologies Corporation was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: wabteccorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/10/2025 | $175.00 | Neutral | Analyst |
| 4/25/2024 | $130.00 → $147.00 | Hold | TD Cowen |
| 2/15/2024 | $125.00 → $130.00 | Market Perform | TD Cowen |
| 2/15/2024 | $135.00 | Buy → Neutral | Redburn Atlantic |
| 1/16/2024 | $128.00 → $150.00 | Neutral → Buy | BofA Securities |
| 1/11/2024 | Hold → Buy | Jefferies | |
| 1/8/2024 | $137.00 | Overweight | Morgan Stanley |
| 12/1/2023 | $150.00 | Positive | Susquehanna |
| 7/28/2023 | $114.00 → $125.00 | Outperform → Market Perform | TD Cowen |
| 1/17/2023 | Underperform → Neutral | BofA Securities |
The United States District Court for the District of Delaware has dismissed all antitrust claims filed in a lawsuit challenging the merger between Wabtec (NYSE:WAB) and GE Transportation. The Court said no harmful effects on competition resulting from the merger had been shown and also dismissed remaining antitrust allegations. The Court did not grant Wabtec's motion to dismiss alleged breach of contract and other claims, which Wabtec intends to vigorously defend. Kyra Yates, Vice President of Investor Relations for Wabtec said: "We are pleased with the Court's ruling, which affirms the value and integrity of the Wabtec-GE Transportation merger for the industry and all its stakeholders."
Wabtec Corporation (NYSE:WAB) ("Wabtec") today announced that it has priced a public offering (the "Offering") of (i) $500 million aggregate principal amount of 4.900% Senior Notes due 2030 (the "2030 Notes") and (ii) $750 million aggregate principal amount of 5.500% Senior Notes due 2035 (the "2035 Notes" and, together with the 2030 Notes, the "Notes"). The Notes will be guaranteed by each of Wabtec's current and future subsidiaries that guarantee its indebtedness under its credit agreements or any other debt of Wabtec or any other guarantor. The Notes will pay interest semi-annually in arrears. The 2030 Notes will mature on May 29, 2030, and the 2035 Notes will mature on May 29, 2035, un
Wabtec Corporation (NYSE:WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 25 cents per share, payable on June 10, 2025, to holders of record on May 27, 2025. About Wabtec Wabtec Corporation (NYSE:WAB) is revolutionizing the way the world moves for future generations. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 155 years and has a vision to achieve a zero-emission rail system in the U.S. and worldwide. Visit Wabtec's website at w
GAAP Diluted Earnings Per Share of $1.88, Up 22.9%; Adjusted Diluted Earnings Per Share of $2.28, Up 20.6% GAAP Operating Margin at 18.2%; Adjusted Operating Margin Up 1.9 pts to 21.7% Sales Growth of 4.5% to $2.61 billion Returned $141 million to Shareholders via Dividends and Share Repurchases Increasing Adjusted Diluted Earnings Per Share Mid-Point guidance by $0.10 per share while widening the range to $8.35 - $8.95 driven by economic uncertainty Wabtec Corporation (NYSE:WAB) today reported first quarter 2025 GAAP earnings per diluted share of $1.88, up 22.9% versus the first quarter of 2024. Adjusted earnings per diluted share were $2.28, up 20.6% versus the same quarter a y
Wabtec Corporation (NYSE:WAB) announced it will report 2025 first quarter results before the U.S. financial markets open on April 23, 2025. The company will conduct a conference call to discuss those results with analysts and investors at 8:30 a.m. ET the same day. To listen to the call via webcast, visit Wabtec's website at www.WabtecCorp.com and click on "Events & Presentations" in the "Investor Relations" section. An audio replay of the call will be available by calling 1-877-344-7529 or 1-412-317-0088 (access code: 1346315). About Wabtec Corporation Wabtec Corporation is revolutionizing the way the world moves for future generations. The Company is a leading global provider of equipmen
Wabtec Corporation (NYSE:WAB) announced today a definitive agreement to acquire Dellner Couplers, a global leader in highly engineered safety-critical train connection systems and services for passenger rail rolling stock. The acquisition brings highly attractive and complementary technologies to Wabtec and positions the Company for accelerated, profitable growth, while strengthening its portfolio of mission critical passenger rail systems. "Dellner Couplers provides significant synergies by complementing our core Transit systems portfolio, servicing a joint customer base, and leveraging our strong service capabilities," said Rafael Santana, President and CEO of Wabtec. "This acquisition a
Announces 350+ bps of Adj. Operating Margin Expansion, Mid Single Digit Revenue Growth, and Double Digit Adj. EPS Growth CAGR with 5-Year Long-Term Guidance Update Announces 2025 Financial Guidance of Adjusted EPS Between $8.35 to $8.75; Up 13.1% at the Mid-Point 20% Orders Growth Compared to Prior Year, Including Q4 Orders for Over $1 Billion of New Locos & Mods Strong Full Year Cash from Operations up 52.7% or 117% Cash Conversion Board of Directors Increases Quarterly Dividend by 25%, Increased Share Buyback Authorization by $1.0 Billion in December Wabtec Corporation (NYSE:WAB) today reported fourth quarter 2024 GAAP earnings per diluted share of $1.23, up 2.5% versus th
Wabtec Corporation (NYSE:WAB) announced the appointment of Juan Perez to its Board of Directors, effective January 29, 2025. Mr. Perez also will be a nominee for election at Wabtec's annual meeting of stockholders in May 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250210408119/en/Juan Perez (Photo: Business Wire) Perez has extensive experience in information technology and corporate digital strategy as the Executive Vice President and Chief Information Officer for Salesforce. Prior to joining Salesforce in 2022, he was CIO and Engineering Officer for UPS and a member of the Executive Leadership Team. Perez led the compa
Wabtec Corporation (NYSE:WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 25 cents per share, payable on March 7, 2025, to holders of record on February 21, 2025. About Wabtec Wabtec Corporation (NYSE:WAB) is revolutionizing the way the world moves for future generations. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 150 years and has a vision to achieve a zero-emission rail system in the U.S. and worldwide. Visit Wabtec's websi
Order to Enhance Rail Network Safety and Increase Efficiency Wabtec Corporation (NYSE:WAB) announced today an agreement to provide KinetiX Inspection Technologies to Société Nationale des Chemins de Fer français (SNCF) Voyageurs. The order enables the French national railway company to enhance the safety, efficiency, and reliability of its rail network. "SNCF Voyageurs is a forward-thinking industry leader that is transforming its transit system by empowering its operations team with the latest inspection technologies," said Roopa Shenoy, Senior Director, Product Manager for Wabtec's KinetiX. "As one of the busiest rail networks in Europe, SNCF relies on us to support its efficient, r