Press Releases

PITTSBURGH, July 24, 2023 – Wabtec (NYSE: WAB) Digital Mine, a leading provider of innovative mining solutions, announced the company received a series of orders for 3,500 of its new Generation 3 Collision Avoidance System (Gen 3 CAS) from three major global mining companies. The capabilities of the new system will drive performance and safety improvements at the customers’ mining operations.

PITTSBURGH, July 20, 2023 – Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 17 cents per share, payable on August 28, 2023, to holders of record on August 14, 2023.

RIO DE JANEIRO, July 13, 2023 - Vale announced a partnership with Wabtec Corporation (NYSE: WAB) to advance the decarbonization of the company's rail operations. The deal includes an order for three of Wabtec’s FLXdrive battery locomotives and a collaboration to test ammonia as a potential clean, alternative fuel to replace diesel.

PITTSBURGH, July 10, 2023 — Wabtec Corporation (NYSE: WAB) entered into a multi-year parts agreement with PT Imeco Inter Sarana (PT IMECO) that will support PT Kereta Api Indonesia’s (PT KAI) 150 locomotive fleet. The $190 million dollar agreement provides service kits and training to PT KAI for efficient maintenance of its locomotive fleet in the region. This technical support allows PT KAI to focus on the improvement and expansion of their passenger and freight movement service.

PITTSBURGH, July 6, 2023 -- Wabtec Corporation (NYSE: WAB) won a prestigious contract to supply passenger information systems (PIS) and pantographs for up to 504 Stadler cars as part of the VDV Tram-Train project. The order will enhance the passenger experience and power the new train cars for the transit consortium led jointly by six transportation companies from German and Austria.

PERTH, Australia - The CBH Group (CBH) has entered into an agreement with Wabtec Corporation (NYSE: WAB) to acquire 17 narrow-gauge locomotives, marking a significant investment in expanding the co-operative’s rail fleet as part of the ‘Path to 2033 Strategy’

PITTSBURGH, June 28, 2023 – Wabtec Corporation (NYSE: WAB) announced it will report 2023 second quarter results before the U.S. financial markets open on July 27, 2023. The company will conduct a conference call to discuss those results with analysts and investors at 8:30 a.m. ET the same day.

Politecnico di Torino (Polytechnic University) and Wabtec Corporation signed an agreement to develop a strategic collaboration to define and implement shared research, innovation, and education projects. This synergistic partnership represents an important step forward in promoting academic excellence and technological innovation in rail transportation.

PITTSBURGH, June 27, 2023 — Wabtec Corporation (NYSE: WAB) announced today its largest certified pre-owned locomotive order from six Genesee & Wyoming Inc. (G&W) subsidiaries – Buffalo & Pittsburgh Railroad; Chicago, Ft. Wayne & Eastern Railroad; Connecticut Southern Railroad; Indiana & Ohio Railway; New England Central Railroad and Providence and Worcester Railroad.

PITTSBURGH and HIBBING, MINNESOTA, June 16, 2023 – Wabtec Corporation (NYSE: WAB) announced today it has acquired L&M Radiator, Inc., a leading manufacturer of heavy-duty equipment radiators and heat exchangers.

BRISBANE, June 06, 2023 – Wabtec (NYSE: WAB) Digital Mine is setting a new global industry benchmark for workplace safety with the launch of its latest Generation 3 Collision Avoidance System (CAS). The new system will enhance safety and productivity, as well as provide a new level of performance with a rules and intelligence capability.

MELBOURNE, May 30, 2023 — Wabtec today published its first Reconciliation Action Plan (Reflect RAP), a formal statement documenting how the company will support reconciliation with Aboriginal and Torres Strait Islander peoples in Australia. The plan is part of Wabtec’s people first approach to a diverse and inclusive workforce where all employees treat each other with respect and dignity.

PITTSBURGH, May 17, 2023 – Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 17 cents per share, payable on June 9, 2023 to holders of record on May 30, 2023.

PITTSBURGH, May 17, 2023 — Wabtec Corporation (NYSE: WAB) signed a deal to modernize 25 Mk3 Battery-Electric Locomotives for Hong Kong-based MTR Corporation. The order, valued at approximately £12 million, will extend the service life of the fleet, improve performance, and reliability.

PITTSBURGH, April 26, 2023 – Wabtec Corporation (NYSE: WAB) today reported first quarter 2023 GAAP earnings per diluted share of $0.93, up 16.3% versus the first quarter of 2022. Adjusted earnings per diluted share were $1.28, up 13.3% versus the same quarter a year ago. First quarter sales were $2.19 billion driven by strong sales across the portfolio.