Press Releases

PITTSBURGH, August 1, 2024 — Wabtec Corporation (NYSE: WAB) announced today that it was recognized as one of the 2024 top-scoring companies on the Disability Equality Index®, achieving an outstanding score of 90 in the U.S. for the second year in a row and a first-time score of 100 in its Brazil region. The high scores validate Wabtec’s progress on its formal commitment to advance opportunities for people with disabilities.

PITTSBURGH, July 30, 2024 - Wabtec Corporation (NYSE: WAB) today announced an order for Evolution Series ES43ACmi locomotives from SimFer, a joint venture among the Government of the Republic of Guinea, Rio Tinto, and Chalco Iron Ore Holdings (CIOH). The order, valued at $277 million, will provide a locomotive fleet to service the rail operations for the Simandou high-grade iron ore project, located in the east of Guinea.

GOOTY, Andhra Pradesh, July 25, 2024 — Wabtec Corporation (NYSE: WAB) and Indian Railways celebrated the start of locomotive service operations at the Gooty Maintenance Shed in Andhra Pradesh, India. The shed expands Wabtec’s locomotive service capabilities in the southern part of the country and marks a new service model in India by leveraging existing Indian Railways infrastructure and staff.

PITTSBURGH, July 24, 2024 – Wabtec Corporation (NYSE: WAB) today reported second quarter 2024 GAAP earnings per diluted share of $1.64, up 54.7% versus the second quarter of 2023. Adjusted earnings per diluted share were $1.96, up 39.0% versus the same quarter a year ago. Second quarter sales were $2.64 billion and cash from operations was $235 million.

PITTSBURGH, July 18, 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 August 28, 2024, to holders of record on August 14, 2024.

PITTSBURGH, June 27, 2024 – Wabtec Corporation (NYSE: WAB) announced it will report 2024 second quarter results before the U.S. financial markets open on July 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.

Wabtec Corporation has achieved the ISO 27001 certification covering the company’s headquarters in Pittsburgh and six European locations. The certification from DEKRA continues to demonstrate Wabtec’s commitment to risk management, cyber-resilience, and operational excellence. The ISO 27001 certification is a milestone for the company as it drives a digital transformation for the industries it serves.

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.

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.

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.

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.

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.

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.

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.

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.