Westinghouse Air Brake Technologies Corp
NYSE:WAB

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Westinghouse Air Brake Technologies Corp
NYSE:WAB
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Price: 198.72 USD 3.59% Market Closed
Market Cap: 34.2B USD

Westinghouse Air Brake Technologies Corp
Investor Relations

In the dynamic world of transportation and logistics, Westinghouse Air Brake Technologies Corporation, often recognized as Wabtec, stands as a formidable player. With its roots tracing back to the pioneering spirit of the Industrial Revolution, the company was founded by George Westinghouse in 1869. Established initially to enhance the safety and efficiency of rail systems, today Wabtec has evolved into a diversified global leader in rail and transit solutions. Its impressive portfolio comprises advanced freight car systems, locomotives, and digital electronics that enhance the functioning and safety of rail operations. The company leverages its vast engineering expertise to develop technologically sophisticated braking systems, air conditioning units, and energy-efficient power systems, which are crucial for modern rail infrastructure. These offerings help reduce operational costs for rail operators while improving their sustainability metrics—a pressing demand in contemporary logistics.

Wabtec's revenue streams are intricately woven through various sectors within the railway industry. By focusing on innovation and technology-driven solutions, the company generates significant income through the manufacturing and sale of equipment, provision of maintenance services, and the offering of digital solutions such as data analytics and optimization software. A significant part of its income stems from long-term service agreements that ensure steady, recurring revenue. Additionally, its merger with GE Transportation broadened its horizons, enhancing its capabilities and expanding its footprint in international markets. Through strategic partnerships and a commitment to innovation, Wabtec not only capitalizes on growing rail industry demands but also positions itself as an essential contributor to global mobility solutions. Whether it’s supplying components for high-speed trains or integrating smart technologies, Wabtec continues to engineer its path towards sustainable and advanced transportation solutions.

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Earnings Calls

2024 Q3
Oct 23, 2024
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Wabtec Q3 2024: Strong Growth and Positive Outlook
2024 Q3
Oct 23, 2024

Wabtec reported Q3 2024 sales of $2.66 billion, a 4.4% increase linked to positive performances in the Freight and Transit segments. Adjusted EPS rose nearly 18% to $2.00, supported by margin expansion driven by productivity and favorable mix. The backlog reached $7.6 billion, up 7.5%, reflecting continued demand. Looking ahead, Wabtec raised its adjusted EPS guidance to $7.45-$7.65, indicating a 27.5% growth. Although Q4 is expected to see a mix shift that may temper margins sequentially, the company anticipates continued mid-single-digit organic growth and a doubling of EPS in the planning horizon.

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Management

Mr. Rafael O. Santana
CEO, President & Director
No Bio Available
Mr. John A. Olin CPA
Executive VP & CFO
No Bio Available
Mr. Eric Gebhardt
Executive VP & Chief Technology Officer
No Bio Available
Mr. David L. DeNinno
Executive VP, General Counsel & Secretary
No Bio Available
Mr. Pascal Schweitzer
President of Transit
No Bio Available
Mr. Greg A. Sbrocco
Executive Vice President of Global Operations
No Bio Available
Mr. John A. Mastalerz Jr.
Senior VP of Finance & Chief Accounting Officer
No Bio Available
Rick Smith
Chief Information Officer
No Bio Available
Ms. Kyra Yates
Vice President of Investor Relations
No Bio Available
Ms. Gina Trombley
Executive VP of Sales & Marketing and Chief Commercial Officer of Americas
No Bio Available

Contacts

Address
PENNSYLVANIA
Pittsburgh
30 Isabella St
Contacts
+14128251000.0
www.wabteccorp.com