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Press Release
  • WABTEC ANNOUNCES LAUNCH OF PUBLIC OFFERING BY SELLING STOCKHOLDER

    04/30/2019

    WILMERDING, PA – April 30, 2019: Wabtec Corporation (NYSE: WAB) (“Wabtec”) today announced the launch of an underwritten secondary offering of 12,500,000 shares of Wabtec common stock by General Electric Company (“GE”), as the sole selling stockholder. The selling stockholder expects to grant the underwriters a 30-day option to purchase up to an additional 1,875,000 shares.  Wabtec will not receive any proceeds from the sale of the shares by the selling stockholder in this offering.

    Morgan Stanley and Goldman Sachs & Co. LLC are acting as joint lead book-running managers…

  • Wabtec Reports 1Q Results, Affirms Adjusted Guidance

    04/25/2019

    WILMERDING, PA, April 25, 2019 – Wabtec Corporation (NYSE: WAB) today reported a loss per diluted share of $0.04 and adjusted earnings per diluted share of $1.06 in the 2019 first quarter (see reconciliation table).  The company said it generated cash from operations of
    $31 million for the quarter. Wabtec also affirmed its full-year guidance for sales and adjusted earnings per diluted share. 

    Raymond T. Betler, Wabtec’s president and chief executive officer, said:  “Our first-quarter adjusted results represent a solid start to the year, and we’re well positioned to meet our financial targets in…