Press Releases

Wabtec Corporation has been awarded a contract from Central Organisation For Modernisation Of Workshops (COFMOW), Indian Railways for its Online Monitoring of Rolling Stock (OMRS) project. The new automated OMRS system is part of Indian Railways’ “SMART Yard” initiative and will improve the availability of the railway’s fleet of coaches, wagons, and locomotives by detecting and addressing defects, preventing in-service failures.

Wabtec Corporation (NYSE: WAB) is introducing a new locomotive model to Brazil’s freight rail market with deliveries to Suzano, MRS and Rumo in late March and early April. The introduction of the ES44ACi diesel-electric locomotive provides Brazil’s railroads improved performance on their decarbonization journey.

Wabtec Corporation announced today an additional multi-year order from Norfolk Southern (NYSE: NSC) to modernize 330 locomotives as part of its continued partnership. The deal is part of Norfolk Southern’s ongoing efforts to further improve fuel efficiency and reduce emissions from its fleet.

Wabtec Corporation is hosting its virtual 2022 Investor Day meeting today, beginning at 8 a.m. ET. During the event, Wabtec leadership will provide updates on the industry and the company’s five-year outlook, including its long-term growth strategy, margin expansion drivers, and capital allocation plans.

Wabtec and BNSF Railway are partnering to advance sustainability in the rail industry with a new biofuel project aimed at quantifying the impact of alternative fuels on emissions, durability, and performance in Wabtec locomotives.

The Wabtec Foundation, the philanthropic arm of Wabtec Corporation (NYSE: WAB), today announced a donation of $100,000 to support Ukrainian refugee relief efforts. The donation will be split equally between the International Rescue Committee (IRC) and World Central Kitchen, which are in the region helping the growing number of civilians leaving Ukraine.

Union Pacific Railroad (NYSE: UP) will begin using a higher biodiesel blend in locomotives it acquired from Wabtec (NYSE: WAB). The new collaboration helps Union Pacific as it works to increase the percentage of low-carbon fuels consumed to 10% of its total diesel consumption by 2025 and 20% by 2030.

Wabtec Corporation (NYSE: WAB) today reported fourth quarter 2021 GAAP earnings per diluted share of $1.02, up 121.7% versus the fourth quarter of 2020. Adjusted earnings per diluted share were $1.18, up 20.4% versus the same quarter a year ago. Fourth quarter sales were $2.07 billion and cash from operations was $314 million. Full year 2021 earnings per diluted share was $2.96, up 36.4% versus full year 2020. Full year adjusted earnings per diluted share were $4.26, up 12.4% versus full year 2020. Total 2021 sales were $7.82 billion and cash from operations was a record high of $1.07 billion

Union Pacific Railroad (NYSE: UNP) today announced the purchase of 10 FLXdrive battery-electric locomotives from Wabtec Corporation (NYSE: WAB). The order, which marks the largest investment in battery technology by a North American railroad, will upgrade Union Pacific’s rail yard infrastructure and support its commitment to significantly reduce greenhouse gas emissions.

Wabtec continues to build upon the its commitment to foster a culture of diversity, inclusion and belonging as outlined in its 2021 Sustainability Report. For the second year in a row, the company was recognized in the Human Rights Campaign Foundation’s 2022 Corporate Equality Index (CEI), the standard for measuring policies and practices that promote a LGBTQ-inclusive workplace.

MELBOURNE, Australia and PITTSBURGH, January 17, 2022 — Wabtec Corporation (NYSE: WAB) announced an order from BHP Western Australia Iron Ore (WAIO) for two FLXdrive battery locomotives. The deal builds momentum in the market for the world’s first 100-percent, battery-powered locomotive and supports the Australia-based natural resource company’s plan to decarbonize its rail network.

Wabtec Corporation (NYSE: WAB) announced it will report 2021 fourth quarter results before the
U.S. financial markets open on February 16, 2022. The company will conduct a conference call to discuss those results with analysts and investors at
8:30 a.m. ET the same day.

PITTSBURGH, January 10, 2022 — Wabtec Corporation (NYSE: WAB) and Rio Tinto announced today an order for four FLXdrive battery-electric locomotives to support sustainable operations of the mining company’s rail network in the Pilbara region of Western Australia. The 100-percent, battery-powered locomotive will help Rio Tinto’s effort to achieve a 50-percent reduction in Scope 1 and 2 carbon emissions by 2030.

Hosur, Tamil Nadu, January 4, 2022 — Wabtec Corporation (NYSE: WAB) today announced it recently acquired the railway friction business from MASU, a leading manufacturer of friction products across the automotive and rail industry. The acquisition, which has received necessary regulatory approvals and is subject to customary closing conditions, will expand Wabtec’s installed base and accelerate growth across its brake product portfolio.

MUMBAI, December 15, 2020 – Wabtec Corporation (NYSE: WAB), announced today its locomotive plant in Marhowrah, Bihar was recognized for the Best Skill Development Program at the Tata Institute of Social Science (TISS)-Leapvault CLO Awards India. The award honors the investment Wabtec made in its employees through learning and skill development initiatives.