Press Releases

Wabtec’s Green Friction Technology Begins Commercial Operations in Paris, Improving Air Quality in Rail Tunnels

PARIS, June 11, 2024 – Wabtec Corporation’s (NYSE: WAB) Green Friction braking solution is ready to begin commercial fleet operations on the RER A rail line in the greater Paris metropolitan area, in association with Île-de-France Mobilités (IDFM) and RATP. The innovative brake friction material will improve air quality in the transit authority’s tunnels and underground network by reducing particle emissions from braking.

http://qnahhh.elsesa.com/newsroom/press-releases/wabtec-s-green-friction-technology-begins-commercial-operations-in-paris-improving-air-quality-in-rail-tunnels
Vale and Wabtec Sign an R$1.8B Services Agreement to Enhance Carajás Railway Locomotive Fleet

SÃO LUÍS (MA), Jun 4, 2024 - Vale and Wabtec Corporation (NYSE: WAB) announced today a master service agreement (MSA) to further increase the efficiency and operations of the Evolution Series (EVO) locomotive fleet on the Estrada de Ferro Carajás (EFC). The strategic 10-year deal, valued at R$1.8 billion, will optimize the maintenance services for Vale’s fleet increasing performance, reliability, and the potential for expanded freight transport on the EFC connecting the southeast of Pará to the capital of Maranhão, São Luís.

http://qnahhh.elsesa.com/newsroom/press-releases/vale-and-wabtec-sign-an-r18b-services-agreement-to-enhance-caraj-s-railway-locomotive-fleet
Wabtec Inaugurates New Manufacturing Campus in Rohtak India

ROHTAK, Haryana, May 20, 2024 — Today, Wabtec Corporation (NYSE: WAB) inaugurated its new manufacturing campus in Rohtak, India. The new plant represents a $18 million (Rs. 150 crore) investment and will initially manufacture transit rail components and subsystems followed by other Wabtec product lines in the coming years.

http://qnahhh.elsesa.com/newsroom/press-releases/wabtec-inaugurates-new-manufacturing-campus-in-rohtak-india
Wabtec Declares Regular Quarterly Common Dividend

PITTSBURGH, May 17, 2024 – Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 20 cents per share, payable on June 11, 2024, to holders of record on May 28, 2024.

http://qnahhh.elsesa.com/newsroom/press-releases/wabtec-declares-regular-quarterly-common-dividend-8
Wabtec Achieves Certification, Enhancing Cybersecurity for Its Customers

PITTSBURGH, May 6, 2024 -- Wabtec Corporation (NYSE: WAB) announced today that it achieved the IEC 62443-4-1 certification, a benchmark for cybersecurity development lifecycle processes used on industrial automation and control systems (IACS) products. The certification from LCIE - Bureau Veritas attests to Wabtec’s secure product development processes for customers in the rail, transit, mining, industrial, and marine industries.

http://qnahhh.elsesa.com/newsroom/press-releases/wabtec-achieves-certification-enhancing-cybersecurity-for-its-customers
Wabtec Delivers First Quarter 2024 Results; Raises Full-Year Guidance

PITTSBURGH, April 24, 2024 – Wabtec Corporation (NYSE: WAB) today reported first quarter 2024 GAAP earnings per diluted share of $1.53, up 64.5% versus the first quarter of 2023. Adjusted earnings per diluted share were $1.89, up 47.7% versus the same quarter a year ago. First quarter sales were $2.50 billion and cash from operations was $334 million.

http://qnahhh.elsesa.com/newsroom/press-releases/wabtec-delivers-first-quarter-2024-results-raises-full-year-guidance
Wabtec Secures Systems and Software Deal with ARTC to Support the Interoperability of Australia’s National Rail Network

PITTSBURGH, April 17, 2024 – Wabtec Corporation (NYSE: WAB) announced today a digital solutions agreement with Australian Rail Track Corporation (ARTC). The two companies will collaborate on developing one of the few approaches being considered to address interoperability of rail systems in Australia.

http://qnahhh.elsesa.com/newsroom/press-releases/wabtec-secures-systems-and-software-deal-with-artc-to-support-the-interoperability-of-australia-s-national-rail-network
Wabtec Announces First Quarter 2024 Earnings Release Date

PITTSBURGH, March 27, 2024 – Wabtec Corporation (NYSE: WAB) announced it will report 2024 first quarter results before the U.S. financial markets open on April 24, 2024. The company will conduct a conference call to discuss those results with analysts and investors at 8:30 a.m. ET the same day.

http://qnahhh.elsesa.com/newsroom/press-releases/wabtec-announces-first-quarter-2024-earnings-release-date
Wabtec Signs First Locomotive Deal with Grupo RAS in Uruguay

CONTAGEM, Brazil – March 12, 2024 – Grupo RAS, a Uruguay-based multinational integrated logistics leader with over 30 years of experience, announced today an order for three C23EMP locomotives from Wabtec Corporation (NYSE: WAB). This deal marks a crucial step for Grupo RAS as it enters the Uruguayan railway market.

http://qnahhh.elsesa.com/newsroom/press-releases/wabtec-signs-first-locomotive-deal-with-grupo-ras-in-uruguay
Wabtec Appoints Kyra Yates as Vice President of Investor Relations

PITTSBURGH, March 11, 2024 – Wabtec Corporation (NYSE: WAB) announced today the appointment of Kyra Yates as Vice President of Investor Relations effective March 18, 2023. In this role, Yates will be responsible for communicating Wabtec’s vision, strategy, financial performance, and future expectations to our shareholders and the financial community. She will succeed Kristine Kubacki, who has held the role since 2019.

http://qnahhh.elsesa.com/newsroom/press-releases/wabtec-appoints-kyra-yates-as-vice-president-of-investor-relations
Wabtec Launches the Next-Generation Railcar Mover – the Commander NXT

PITTSBURGH, Feb. 27, 2024 – Wabtec (NYSE: WAB) launched today its Shuttlewagon Commander NXT, the next generation of railcar movers. The NXT series will provide the railcar moving industry improved performance, reliability, and efficiency.

http://qnahhh.elsesa.com/newsroom/press-releases/wabtec-launches-the-next-generation-railcar-mover-the-commander-nxt
Wabtec Announces Pricing of Senior Notes Offering

PITTSBURGH, Feb. 26, 2024 - Wabtec Corporation (NYSE: WAB) (“Wabtec”) today announced that it has priced a public offering of $500 million aggregate principal amount of 5.611% Senior Notes due 2034 (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.

http://qnahhh.elsesa.com/newsroom/press-releases/wabtec-announces-pricing-of-senior-notes-offering-1
MRS Orders 30 Wabtec Evolution Series Locomotives

RIO DE JANEIRO and PITTSBURGH, Feb 21, 2024 - MRS Logística (MRSA-MB) and Wabtec Corporation (NYSE: WAB) announced an agreement for 30 new Evolution Series locomotives. The deal is valued at approximately R$500 million with the first deliveries scheduled for 2024. The purchase is part of MRS’s railway fleet renewal strategy and reinforces the almost 30-year relationship between the two companies.

http://qnahhh.elsesa.com/newsroom/press-releases/mrs-orders-30-wabtec-evolution-series-locomotives
Wabtec Delivers Strong Fourth Quarter 2023 Results; Issues 2024 Full-Year Guidance

PITTSBURGH, February 14, 2024 – Wabtec Corporation (NYSE: WAB) today reported fourth quarter 2023 GAAP earnings per diluted share of $1.20, up 39.5% versus the fourth quarter of 2022. Adjusted earnings per diluted share were $1.54, up 18.5% versus the same quarter a year ago. Fourth quarter sales were $2.53 billion and cash from operations was $686 million. Full year 2023 GAAP earnings per diluted share was $4.53, up 30.9% versus full year 2022. Full year adjusted earnings per diluted share were $5.92, up 21.8% versus full year 2022. Total 2023 sales were $9.68 billion and cash from operations was a record high of $1.20 billion.

http://qnahhh.elsesa.com/newsroom/press-releases/wabtec-delivers-strong-fourth-quarter-2023-results-issues-2024-full-year-guidance
Wabtec and CSX Extend Deal to Modernize over 200 Locomotives

PITTSBURGH, Feb. 13, 2024 — Wabtec Corp. (NYSE: WAB) and CSX Corp. (NASDAQ: CSX) signed a deal for over 200 locomotive modernizations featuring a suite of digital solutions, innovations, and services. The agreement will transform the remaining AC4400 locomotives in CSX’s fleet providing improved fuel efficiency, reliability, utilization, and tractive effort.

http://qnahhh.elsesa.com/newsroom/press-releases/wabtec-and-csx-extend-deal-to-modernize-over-200-locomotives