Press Releases

SHENZHEN, China Nov. 9, 2020 — Wabtec (NYSE: WAB) is partnering with Shenzhen Metro Company and CRRC Nanjing Puzhen Co., Ltd. on a pilot to test Smart Windows on transit rail cars. Featuring multi-touch technology, the highly Transparent Organic LED Smart Window will provide a view outside, while serving as an interactive information source for passengers. This pilot project supports Shenzhen’s “smart city smart transport” initiative

PITTSBURGH, November 5, 2020 – Wabtec Corporation (NYSE: WAB) has been notified of an unsolicited “mini-tender offer” by TRC Capital Investment Corporation, a private Canadian investment company, to purchase up to two million shares of Wabtec’s common stock at a price of $59.25 per share in cash. TRC Capital’s offer price is approximately 4.53% lower than the $62.06 closing price of Wabtec’s common stock on October 23, 2020, the last trading day prior to the date of the offer (October 26, 2020).

Wabtec Corporation (NYSE: WAB) released today its 2020 Sustainability Report, which highlights the company’s accomplishments and commitments to building a more sustainable future by developing innovative technologies, driving responsible operations, and empowering people and communities around the globe.

Pittsburgh, PA, October 15, 2020 – Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 12 cents per share, payable on November 27, 2020 to holders of record on November 13, 2020.

Wabtec Corporation (NYSE: WAB) announced today that it will join Neighborhood 91, the additive manufacturing production campus at Pittsburgh’s International Airport Innovation Campus. Neighborhood 91 is the first development in the world to both condense and connect all components of the additive manufacturing and 3D printing supply chain into one powerful production ecosystem.

GENNEVILLIERS, France Oct. 1, 2020 — Wabtec (NYSE: WAB) begins trial of the transit rail industry’s first air conditioning system using natural R290 refrigerant, a clean and environmentally friendly option. This Wabtec Green Air technology is part of the company’s initiative to bring clean, sustainable solutions to the transit market.

PITTSBURGH – September 29, 2020 – Wabtec Corporation (NYSE: WAB) announced it will report third quarter 2020 results before the U.S. financial markets open on Oct. 29, 2020. 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 (NYSE: WAB) has signed an agreement with the New Mexico Rail Runner Express (NMRX) to upgrade the wireless network of NMRX’s commuter fleet, in cooperation with Wabtec’s strategic networking technology partner, Rajant Corporation. This order is the first for Wabtec and Rajant since forming their strategic partnership to accelerate wireless technology for the global rail industry.

Wabtec Corporation (NYSE: WAB) today announced the appointment of Eric Gebhardt to Executive Vice President and Chief Technology Officer, effective September 14. In this role, Gebhardt will lead Wabtec’s global technology and investment strategy, new product development, and global engineering organization.

Wabtec Corporation (NYSE: WAB) announced today its first U.S. Government order for marine engines with advanced emissions reduction technology. The deal is worth more than $10 million and marks Wabtec’s 100th order for EPA Tier 4 compliant marine engines. The Wabtec 16V250 Series Marine Diesel Engines will be used aboard the U.S. Maritime Administration’s two new National Security Multi-Mission Vessels (NSMVs). The vessels represent the first two of a planned five-ship NSMV fleet.

Wabtec Corporation (NYSE: WAB) today reported second quarter 2020 earnings per diluted share of $0.46 and adjusted earnings per diluted share of $0.87, versus earnings per diluted share of $0.54 and adjusted earnings per diluted share of $1.33 a year ago. Wabtec also provided full-year guidance for sales in a range of $7.3 billion to $7.6 billion, adjusted earnings per diluted share to between $3.50 and $3.80 and strong cash conversion of greater than 90 percent.

Wabtec Corporation’s (NYSE: WAB) Trip Optimizer system surpassed a milestone as railroads utilized the energy management system to operate their trains for more than 500 million auto miles. The system greatly reduces emissions and fuel costs for railroads worldwide.