Westinghouse Air Brake Technologies Corporation Common Stock (WAB)
179.27
+1.62 (0.91%)
Wabtec Corporation is a leading global provider of technology-based equipment and services for the freight and transit rail industries
The company specializes in producing a wide range of products, including locomotives, braking systems, and electronic controls, along with aftermarket services that enhance the efficiency and safety of rail operations. Wabtec is dedicated to innovation and sustainability, offering solutions that help its customers optimize performance, reduce emissions, and improve overall productivity in rail transportation. With a strong presence in both domestic and international markets, Wabtec plays a crucial role in advancing the future of rail transportation.
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Shares of rail equipment company Westinghouse Air Brake Technologies (NYSEWAB)
fell 11.1% in the morning session after the company delivered a weaker-than-expected quarter, with both revenue and EPS missing estimates and guidance for both metrics coming in below Wall Street's expectations. Growth was weighed down by the Freight segment, where sales were nearly flat. The Transit segment, however, grew 7.1%, helping lift overall revenue by 2.3%. Wabtec also introduced a new five-year forecast, targeting mid-single-digit annual revenue growth and 3.5 percentage points of adjusted operating margin expansion. The stock's reaction suggests investors were looking for stronger guidance.
Rail equipment company Westinghouse Air Brake Technologies (NYSEWAB) fell short of the market’s revenue expectations in Q4 CY2024 as sales rose 2.3% year on year to $2.58 billion. The company’s full-year revenue guidance of $10.88 billion at the midpoint came in 1.5% below analysts’ estimates. Its non-GAAP profit of $1.68 per share was 3% below analysts’ consensus estimates.
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Wabtec Corporation (NYSEWAB) today reported fourth quarter 2024 GAAP earnings per diluted share of $1.23, up 2.5% versus the fourth quarter of 2023. Fourth quarter adjusted earnings per diluted share were $1.68, up 9.1% versus the same quarter a year ago. Fourth quarter sales were $2.58 billion and cash from operations was $723 million. Full year 2024 GAAP earnings per diluted share were $6.04, up 33.3% versus full year 2023. Full year adjusted earnings per diluted share were $7.56, up 27.7% versus full year 2023. Total 2024 sales were $10.39 billion and cash from operations was a record $1.83 billion.
Wabtec Corporation (NYSEWAB) announced the appointment of Juan Perez to its Board of Directors, effective January 29, 2025. Mr. Perez also will be a nominee for election at Wabtec’s annual meeting of stockholders in May 2025.
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Wabtec Corporation (NYSEWAB) announced today that its Board of Directors declared a regular quarterly common dividend of 25 cents per share, payable on March 7, 2025, to holders of record on February 21, 2025.
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Wabtec Corporation (NYSEWAB) announced today an agreement to provide KinetiX Inspection Technologies to Société Nationale des Chemins de Fer français (SNCF) Voyageurs. The order enables the French national railway company to enhance the safety, efficiency, and reliability of its rail network.
Wabtec Corporation (NYSEWAB) today announced a US$248 million order for Evolution Series ES43ACmi locomotives and services from Winning Consortium Simandou (WCS, a Baowu & Winning joint venture) to support their rail operations at the high-grade iron ore project, located in the east of Guinea. The agreement follows a locomotive order a few months earlier from SimFer (a Rio Tinto joint venture) to serve its operations at Simandou. The combined orders for the project, valued at more than half a billion, represent one of Wabtec’s largest international locomotive agreements in the past five years.
