Westinghouse Air Brake Q2 2024 Adj EPS $1.96 Beats $1.88 Estimate, Sales $2.644B Beat $2.643B Estimate

7/24/24 6:31:51 AM ET

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Westinghouse Air Brake (NYSE:WAB) reported quarterly earnings of $1.96 per share which beat the analyst consensus estimate of $1.88 by 4.26 percent. The company reported quarterly sales of $2.644 billion which beat the analyst consensus estimate of $2.643 billion by 0.05 percent. This is a 9.85 percent increase over sales of $2.407 billion the same period last year.

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Recent Analyst Ratings for
$WAB

Date	Price Target	Rating	Analyst
4/25/2024	$130.00 → $147.00	Hold	TD Cowen
2/15/2024	$125.00 → $130.00	Market Perform	TD Cowen
2/15/2024	$135.00	Buy → Neutral	Redburn Atlantic
1/16/2024	$128.00 → $150.00	Neutral → Buy	BofA Securities
1/11/2024		Hold → Buy	Jefferies
1/8/2024	$137.00	Overweight	Morgan Stanley
12/1/2023	$150.00	Positive	Susquehanna
7/28/2023	$114.00 → $125.00	Outperform → Market Perform	TD Cowen

More analyst ratings

Wabtec Reports Third Quarter 2024 Results; Raised and Tightened Adjusted EPS Guidance
GAAP Diluted Earnings Per Share of $1.63, Up 22.6%; Adjusted Diluted Earnings Per Share of $2.00, Up 17.6% GAAP Operating Margin at 16.3%; Adjusted Operating Margin Up 1.8 pts to 19.7% Sales Growth of 4.4% to $2.66 billion Returned $634 million to Shareholders via Share Repurchases and Dividends Raised and tightened 2024 Adjusted Diluted EPS guidance to be in the range of $7.45 to $7.65; up 27.5% from 2023 at the midpoint Wabtec Corporation (NYSE:WAB) today reported third quarter 2024 GAAP earnings per diluted share of $1.63, up 22.6% versus the third quarter of 2023. Adjusted earnings per diluted share were $2.00, up 17.6% versus the same quarter a year ago. Third quarter sa
10/23/24 6:30:00 AM ET
$WAB
Railroads
Industrials
Wabtec Declares Regular Quarterly Common Dividend
Wabtec Corporation (NYSE:WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 20 cents per share, payable on November 27, 2024, to holders of record on November 13, 2024. About Wabtec Wabtec Corporation (NYSE:WAB) is revolutionizing the way the world moves for future generations. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 150 years and has a vision to achieve a zero-emission rail system in the U.S. and worldwide. Visit Wabtec's webs
10/17/24 4:08:00 PM ET
$WAB
Railroads
Industrials
Wabtec Announces Third Quarter 2024 Earnings Release Date
Wabtec Corporation (NYSE:WAB) announced it will report 2024 third quarter results before the U.S. financial markets open on October 23, 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. To listen to the call via webcast, visit Wabtec's website at www.WabtecCorp.com and click on "Events & Presentations" in the "Investor Relations" section. An audio replay of the call will be available by calling 1-877-344-7529 or 1-412-317-0088 (access code: 7519289). About Wabtec Corporation Wabtec Corporation is focused on creating transportation solutions that move and improve the world. The company is a leading global pro
9/24/24 8:00:00 AM ET
$WAB
Railroads
Industrials

Wabtec Appoints Kyra Yates as Vice President of Investor Relations
Wabtec Corporation (NYSE:WAB) announced today the appointment of Kyra Yates as Vice President of Investor Relations effective March 18, 2023. In this role, Yates will be responsible for communicating Wabtec's vision, strategy, financial performance, and future expectations to our shareholders and the financial community. She will succeed Kristine Kubacki, who has held the role since 2019. "Kyra is a well-respected leader with a deep understanding of the company's financials, operations and growth strategy," said John Olin, Executive Vice President and CFO of Wabtec. "Having held diverse leadership roles in our Finance organization over the years, Kyra's in-depth experience in transportati
3/11/24 1:00:00 PM ET
$WAB
Railroads
Industrials
Wabtec Appoints Beverley Babcock to Board of Directors
Wabtec Corporation (NYSE:WAB) announced the appointment of Beverley Babcock to its Board of Directors, effective today. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220701005050/en/Wabtec Corporation announced the appointment of Beverley Babcock to its Board of Directors. (Photo: Business Wire) 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. Prior to this role, Babcock held a variety of leadership roles at ExxonMobil including Vice President of Corporate Financi
7/1/22 7:00:00 AM ET
$WAB
Railroads
Industrials
L.B. Foster Announces the Appointment of Raymond T. Betler as Chairman of the Board of Directors
PITTSBURGH, June 15, 2022 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ:FSTR), a leading manufacturer and distributor of products and provider of services for transportation and energy infrastructure, announced today that Raymond T. Betler has been appointed as the Chairman of the Company's Board of Directors effective June 2, 2022. Mr. Betler was previously appointed to the Board of Directors on August 3, 2020, where he brought a wide range of knowledge and skills to the board. He is replacing Lee B. Foster II as Chairman of the Board of Directors for L.B. Foster Company who retired on June 2, 2022. Mr. Betler's experience includes more than four decades in the transportation industry
6/15/22 11:56:48 AM ET
$FSTR
$WAB
Metal Fabrications
Industrials
Railroads

Wabtec Acquisitions Expand Capabilities of its Transit Business
Additions of Fanox and Kompozitum to Provide Long-Term Profitable Growth Wabtec Corporation (NYSE:WAB) announced today a strategic investment in its Transit Business with the acquisitions of Fanox and Kompozitum. These additions position Wabtec's business unit for long-term profitable growth by expanding its capabilities, product portfolio, and customer base. "We are excited about bringing the capabilities of Fanox and Kompozitum to our Transit Business," said Pascal Schweitzer, President Wabtec Transit. "These acquisitions align with our strategy by bringing in technologies that are complementary to our product portfolio, positioning the business for accelerated, profitable revenue gro
11/12/24 7:00:00 AM ET
$WAB
Railroads
Industrials
Wabtec Reports Third Quarter 2024 Results; Raised and Tightened Adjusted EPS Guidance
GAAP Diluted Earnings Per Share of $1.63, Up 22.6%; Adjusted Diluted Earnings Per Share of $2.00, Up 17.6% GAAP Operating Margin at 16.3%; Adjusted Operating Margin Up 1.8 pts to 19.7% Sales Growth of 4.4% to $2.66 billion Returned $634 million to Shareholders via Share Repurchases and Dividends Raised and tightened 2024 Adjusted Diluted EPS guidance to be in the range of $7.45 to $7.65; up 27.5% from 2023 at the midpoint Wabtec Corporation (NYSE:WAB) today reported third quarter 2024 GAAP earnings per diluted share of $1.63, up 22.6% versus the third quarter of 2023. Adjusted earnings per diluted share were $2.00, up 17.6% versus the same quarter a year ago. Third quarter sa
10/23/24 6:30:00 AM ET
$WAB
Railroads
Industrials
Wabtec Finalizes $405-Million Locomotive Deal with Kazakhstan Temir Zholy
Wabtec (NYSE:WAB) announced today a $405-million agreement to supply Evolutions Series ES44ACi locomotives to Kazakhstan Temir Zholy (KTZ). The new locomotives will upgrade KTZ's aging fleet and support growing rail demand in the region. "Kazakhstan has a progressive and open-thinking local government that understands the importance of railways in driving the local economy," said Gokhan Bayhan, Wabtec's Regional Senior Vice President, Operations for CIS, Europe, Middle East, and Africa. "KTZ serves as a critical link for the transportation of freight between China and the West. These Evolution Series locomotives will provide the efficiency, reliability, and operational savings to effective
10/21/24 7:00:00 AM ET
$WAB
Railroads
Industrials

Westinghouse Air Brake Q2 2024 Adj EPS $1.96 Beats $1.88 Estimate, Sales $2.644B Beat $2.643B Estimate

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Recent Analyst Ratings for $WAB

$WAB Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Westinghouse Air Brake Technologies Corporation

Amendment: SEC Form SC 13G/A filed by Westinghouse Air Brake Technologies Corporation

SEC Form SC 13G filed by Westinghouse Air Brake Technologies Corporation

$WAB Analyst Ratings

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TD Cowen reiterated coverage on Wabtec with a new price target

TD Cowen reiterated coverage on Wabtec with a new price target

Wabtec downgraded by Redburn Atlantic with a new price target

$WAB Financials

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$WAB Leadership Updates

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Wabtec Reports Third Quarter 2024 Results; Raised and Tightened Adjusted EPS Guidance

Wabtec Declares Regular Quarterly Common Dividend

Wabtec Announces Third Quarter 2024 Earnings Release Date

Wabtec Appoints Kyra Yates as Vice President of Investor Relations

Wabtec Appoints Beverley Babcock to Board of Directors

L.B. Foster Announces the Appointment of Raymond T. Betler as Chairman of the Board of Directors

$WAB Market Insights

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Wabtec Reports Solid Gains In Freight And Transit, Raises EPS Outlook Despite Slight Backlog Decline

Wabtec Revised FY24 Guidance For Adjusted EPS To $7.20 to $7.50 (Prior $7-$7.40 ) Vs. $7.39 Consensus, Reaffirmed Sales Outlook Of $10.25B-$10.55B Vs. $10.375B Consensus

Westinghouse Air Brake Q2 2024 Adj EPS $1.96 Beats $1.88 Estimate, Sales $2.644B Beat $2.643B Estimate

$WAB Press Releases

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$WAB SEC Filings

Wabtec Acquisitions Expand Capabilities of its Transit Business

Wabtec Reports Third Quarter 2024 Results; Raised and Tightened Adjusted EPS Guidance

Wabtec Finalizes $405-Million Locomotive Deal with Kazakhstan Temir Zholy

SEC Form 10-Q filed by Westinghouse Air Brake Technologies Corporation

Westinghouse Air Brake Technologies Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 10-Q filed by Westinghouse Air Brake Technologies Corporation

$WAB Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

President - Services Group Hammersmith Alicia covered exercise/tax liability with 467 shares, decreasing direct ownership by 8% to 5,139 units (SEC Form 4)

Director Neupaver Albert J sold $2,020,001 worth of Common Stock - Direct (10,000 units at $202.00), decreasing direct ownership by 2% to 604,447 units (SEC Form 4)

SVP Fin, Corp Controller, CAO Mastalerz John A Jr sold $558,396 worth of Common Stock - Direct (2,796 units at $199.71), decreasing direct ownership by 33% to 5,683 units (SEC Form 4)

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