Westinghouse Air Brake Technologies Corporation (NYSE:WAB) (NYSE:WAB) shares are trading lower after the company reported second-quarter FY24 results. Sales growth of 9.8% Y/Y to $2.644 billion, marginally beating the consensus of $2.643 billion. Sales growth was driven by higher sales in Freight (+13.1% Y/Y) and Transit (+2.0% Y/Y) segments. The adjusted gross margin expanded 290 basis points to 33.3%, and the adjusted operating margin was 19.3%, up 290 basis points.  At the end of the quarter, the total backlog stood at $22.08 billion, down 1.6% Y/Y. Adjusted EPS of $1.96 (+39.0% Y/Y) topped the consensus of $1.88. During the quarter, the company returned $235 million to sha

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.

In the latest quarter, 6 analysts provided ratings for Westinghouse Air Brake (NYSE:WAB), showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 2 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 0 3 1 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $177.83, along with a high estimate of $190.00 and a low estimate of $147.00. Surpassing the previous averag

B of A Securities analyst Ken Hoexter maintains Westinghouse Air Brake (NYSE:WAB) with a Buy and raises the price target from $183 to $184.

Walgreens expects to close a “significant” number of stores in the face of “headwinds,” but the pharmacy chain has not specified how many retail locations it plans to shutter. Parent company Walgreen Boots Alliance, Inc. (NASDAQ:WBA) announced the plan to close an undisclosed number of its roughly 8,700 stores on Thursday when it released earnings for this year’s third quarter. The Deerfield, Illinois-based retailer said it was “finalizing [a] significant multiyear footprint optimization program to close certain underperforming U.S. stores” as part of an update to a strategic review outlined in its earnings release. Walgreens did not make further mention of the planned closures in t

Westinghouse Air Brake (NYSE:WAB) has outperformed the market over the past 5 years by 5.26% on an annualized basis producing an average annual return of 18.73%. Currently, Westinghouse Air Brake has a market capitalization of $28.50 billion. Buying $100 In WAB: If an investor had bought $100 of WAB stock 5 years ago, it would be worth $237.23 today based on a price of $161.60 for WAB at the time of writing. Westinghouse Air Brake's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's

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.

Westinghouse Air Brake (NYSE:WAB) has outperformed the market over the past 20 years by 7.53% on an annualized basis producing an average annual return of 15.57%. Currently, Westinghouse Air Brake has a market capitalization of $28.88 billion. Buying $100 In WAB: If an investor had bought $100 of WAB stock 20 years ago, it would be worth $1,850.28 today based on a price of $163.74 for WAB at the time of writing. Westinghouse Air Brake's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzi

- Reuters

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

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

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

GAAP Diluted Earnings Per Share of $1.64, Up 54.7%; Adjusted Diluted Earnings Per Share of $1.96, Up 39.0% GAAP Operating Margin at 16.3%; Adjusted Operating Margin Up 2.9 pts to 19.3% Sales Growth of 9.8% to $2.64 billion; Freight Segment Sales Growth of 13.1% Returned $235 million to Shareholders via Share Repurchases and Dividends Raised and tightened 2024 Adjusted Diluted EPS guidance to be in the range of $7.20 to $7.50; up 24.2% from 2023 at the midpoint 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

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. 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 websi

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. 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: 1950853). About Wabtec Corporation Wabtec Corporation is focused on creating transportation solutions that move and improve the world. The company is a leading global pro

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. 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 website at

GAAP Earnings Per Share of $1.53, Up 64.5%; Adjusted Earnings Per Share of $1.89, Up 47.7% GAAP Operating Margin at 16.5%; Adjusted Operating Margin Up 3.4 pts to 19.8% Sales Growth of 13.8% to $2.50 billion; Freight Segment Sales Growth of 17.2% Returned $211 million to Shareholders via Share Repurchases and Dividends Raises 2024 Financial Guidance of Adjusted EPS to Between $7.00 to $7.40; Up 21.6% at the Mid-Point from 2023 (Increased from $6.50 to $6.90) 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 sam

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. 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: 9975952). About Wabtec Corporation Wabtec Corporation is focused on creating transportation solutions that move and improve the world. The company is a leading global pro

GAAP Earnings Per Share of $1.20, Up 39.5%; Adjusted Earnings Per Share of $1.54, Up 18.5% Behind Sales Growth of 9.5% GAAP Operating Margin at 12.2%; Adjusted Operating Margin Up 1.7 pts to 17.0% Fourth Quarter Operating Cash Flow of $686 Million; Full-Year Cash Flow from Operations up 15.7% to $1.20 Billion Announced $1.0 Billion Share Buyback Authorization and 17.6% Increase in Quarterly Dividend Issues 2024 Financial Guidance of Adjusted EPS Between $6.50 to $6.90; Up 13.2% at the Mid-Point Wabtec Corporation (NYSE:WAB) today reported fourth quarter 2023 GAAP earnings per diluted share of $1.20, up 39.5% versus the fourth quarter of 2022. Adjusted earnings per diluted sh

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

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

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

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

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

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. SimFer Managing Director Chris Aitchison said: "Our new partnership with Wabtec represents an important milestone for the Simandou project and brings us even closer to the delivery of the TransGuinéen railway - critical infrastructure that can support economic development across the country. "This

GAAP Diluted Earnings Per Share of $1.64, Up 54.7%; Adjusted Diluted Earnings Per Share of $1.96, Up 39.0% GAAP Operating Margin at 16.3%; Adjusted Operating Margin Up 2.9 pts to 19.3% Sales Growth of 9.8% to $2.64 billion; Freight Segment Sales Growth of 13.1% Returned $235 million to Shareholders via Share Repurchases and Dividends Raised and tightened 2024 Adjusted Diluted EPS guidance to be in the range of $7.20 to $7.50; up 24.2% from 2023 at the midpoint 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

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. 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 websi

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. 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: 1950853). About Wabtec Corporation Wabtec Corporation is focused on creating transportation solutions that move and improve the world. The company is a leading global pro

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. Green Friction brake linings will be deployed on all MI09 trains operating on the RER A line starting this year, benefiting more than one million daily passengers. This commercial launch follows extensive testing in association with RATP and IDFM. Wabtec tested its Green Friction materials on t

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

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

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

Wabtec Corporation (NYSE:WAB) today announced John Olin will be named Executive Vice President and Chief Financial Officer of the company, effective October 1, 2021. Olin will succeed Pat Dugan, who is leaving the company in the fourth quarter. Rafael Santana, Wabtec President and CEO, said: "John is a seasoned finance leader who has built his career on delivering results through dynamic market cycles, and is committed to delivering long-term shareholder value. With his wide range of expertise, he is the ideal person to lead our finance organization forward and will bring a compelling blend of strategic financial discipline, well-honed operating skills, and leadership abilities. We look fo

Wabtec Corporation (NYSE:WAB) announced today the appointment of Byron Foster to its Board of Directors, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210708005099/en/Byron Foster joins Wabtec's Board of Directors (Photo: Business Wire) Foster, 52, is President of the Light Vehicle Drive Systems business of Dana Incorporated, a Fortune 500 global leader in the design and manufacturing of propulsion and energy-management solutions for the mobility industry. Prior to this role, Foster was Senior Vice President and Chief Commercial, Marketing and Communications Officer for Dana. Throughout his 30-year career,

BRENTWOOD, Tenn., Jan. 20, 2021 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek US") today announced the appointment of Laurie Z. Tolson to the Board of Directors effective January 20, 2021. "We are pleased to welcome Laurie to our board," said Uzi Yemin, Chairman, President and Chief Executive Officer of Delek US. "Laurie's background in technology adds yet another aspect of diversity and perspective to our Board and complements the company's drive to utilize technology to enhance operations. To highlight our recent progress in technology implementation, I would encourage shareholders to view this short video link, also posted to the Delek website, Technology - Leading the Fut

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced today the appointment of Lee Banks to its Board of Directors. Banks, 57, is President and Chief Operating Officer for Parker Hannifin Corporation, a Fortune 500 global manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. Prior to this role, Banks was an operating officer responsible for numerous product groups, as well as driving the growth and development of Parker Hannifin’s position in emerging markets. Banks has been the champion of Parker Hannifin’s lean transformation, as well as a driving force

TD Cowen reiterated coverage of Wabtec with a rating of Hold and set a new price target of $147.00 from $130.00 previously

TD Cowen reiterated coverage of Wabtec with a rating of Market Perform and set a new price target of $130.00 from $125.00 previously

Redburn Atlantic downgraded Wabtec from Buy to Neutral and set a new price target of $135.00

BofA Securities upgraded Wabtec from Neutral to Buy and set a new price target of $150.00 from $128.00 previously

Jefferies upgraded Wabtec from Hold to Buy

Morgan Stanley initiated coverage of Wabtec with a rating of Overweight and set a new price target of $137.00

Susquehanna initiated coverage of Wabtec with a rating of Positive and set a new price target of $150.00

TD Cowen downgraded Wabtec from Outperform to Market Perform and set a new price target of $125.00 from $114.00 previously

BofA Securities upgraded Wabtec from Underperform to Neutral

Raymond James initiated coverage of Wabtec with a rating of Outperform and set a new price target of $103.00

SC 13G/A - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Subject)

SC 13G/A - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Subject)

SC 13G - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Subject)

SC 13G/A - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Subject)

SC 13G/A - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Subject)

SC 13G/A - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Subject)

SC 13G/A - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Subject)

SC 13G/A - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Subject)

SC 13G/A - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Subject)

SC 13G - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Subject)