Press Releases

Wabtec Corporation announced today that its Board of Directors declared a regular quarterly common dividend of 15 cents per share, payable on August 29, 2022 to holders of record on August 15, 2022.

Wabtec Corporation has announced a contract to supply heating, ventilation, and air conditioning (HVAC) units for 56 new Stadler trains that will be operated by the Metropolitan Atlanta Rapid Transit Authority (MARTA). The state-of-the-art systems will provide passengers with a comfortable commute, especially during the hot and humid Atlanta summers.

Wabtec Corporation (NYSE: WAB) announced it will report 2022 second quarter results before the U.S. financial markets open on August 5, 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.

Wabtec Corporation announced the appointment of Beverley Babcock to its Board of Directors, effective today. Babcock, 61, has extensive financial and accounting experience having served as the former CFO of Imperial Oil Limited, one of Canada's largest integrated oil companies active in all phases of the petroleum industry.

Wabtec Corporation has acquired Collins Aerospace’s ARINC rail solutions business segment, a provider of intelligence-based rail dispatch and back office solutions. The financial terms of the acquisition were not disclosed.

Wabtec has launched its new Precision Dispatch System (PDS) with an order from CN. The Precision Dispatch deal marks a major step toward network automation for CN and the entire rail industry.

Wabtec Corporation has announced an agreement to modernise locomotives for Fortescue Metals Group (Fortescue), representing Wabtec’s delivery of the first fleet of modernised locomotives for an Australian customer.

Wabtec Corporation and Deutsche Bahn have signed an agreement to optimize the maintenance and operation of Wabtec equipment on board Deutsche Bahn trains. The agreement strengthens their longstanding partnership and helps both companies drive meaningful progress against their sustainable transportation goals.

Wabtec has won a major contract to supply on-board doors for passenger trains in Sao Paulo, Brazil’s largest city. This high-profile contract is Wabtec’s largest order in South America for on-board doors.

Wabtec Corporation reported first quarter 2022 GAAP earnings per diluted share of $0.80, up 35.6% versus the first quarter of 2021. Adjusted earnings per diluted share were $1.13, up 27.0% versus the same quarter a year ago. First quarter sales were $1.93 billion and cash from operations was $161 million.

Wabtec Corporation announced today the company has signed a definitive agreement to acquire Trimble’s Beena Vision business, a manufacturer of machine vision-based wayside inspection systems for the railroad industry. The acquisition is subject to customary closing conditions and financial terms were not disclosed.

Wabtec celebrated the 5,000th mining drive system wheel built at its plant in Fort Worth, TX. The milestone highlights the commercial success of the mining wheel for heavy-haul mining trucks, which set the standard for reliable and fuel-efficient performance in the mining industry.

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.