Westinghouse Air Brake Technologies Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems. It serves publicly traded railroads; leasing companies; manufacturers of original equipment, including locomotives and freight cars; and utilities. The Transit segment manufactures and services components for new and existing passenger transit vehicles, such as regional trains, high speed trains, subway cars, light-rail vehicles, and buses; refurbishes subway cars; and provides heating, ventilation, and air conditioning equipment, as well as doors for buses and subways. It serves public transit authorities and municipalities, leasing companies, and manufacturers of subway cars and buses. The company also provides electronically controlled pneumatic braking products; railway electronics; freight car trucks; draft gears, couplers, and slack adjusters; air compressors and dryers; heat exchangers and cooling products; and track and switch products. In addition, it offers railway braking equipment and related components; friction products; new commuter and switcher locomotives; transit locomotive and car overhaul services; and freight locomotive overhaul and refurbishment services. Further, the company provides doors for buses and subway cars; platform screen doors; pantographs; window assemblies; couplers; accessibility lifts and ramps for buses and subway cars; and traction motors. Westinghouse Air Brake Technologies Corporation was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: wabteccorp.com
| 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 |
| 1/17/2023 | Underperform → Neutral | BofA Securities | |
| 8/18/2022 | $103.00 | Outperform | Raymond James |
4 - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Issuer)
3 - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Issuer)
4 - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Issuer)
4 - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Issuer)
4 - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Issuer)
4 - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Issuer)
4 - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Issuer)
4/A - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Issuer)
4 - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Issuer)
4 - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Issuer)
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
8-K - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Filer)
8-K - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Filer)
8-K - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Filer)
10-Q - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Filer)
8-K - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Filer)
10-Q - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Filer)
8-K - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Filer)
11-K - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Filer)
SD - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Filer)
8-K - WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (0000943452) (Filer)
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)
Wabtec Corporation (NYSE:WAB) 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. "As the world's largest untapped high grade iron ore deposit, Simandou represents a transformat
Aims to Install an Independent Slate and Legendary CEO Committed to Abandoning the Blocked Nippon Deal, Collecting the $565 Million Breakup Fee and Making U.S. Steel Great Again in the Public Market Believes the Board's Decision to Pursue a Risky Sale to Nippon – an Overseas Bidder Paying Just $1 Per Share More Than the Top Domestic Bidder – Has Led to a Dead End Contends the Board and CEO David Burritt, Who Collectively Stood to Receive $100+ Million if the Sale Proceeded, Prioritized Deal Advocacy at the Expense of Financial Health and Operational Performance Expresses Concern About the Board and Mr. Burritt Continuing to Devote Immense Resources to Litigation Despite Legal Headwind
Attractive purchase multiple of 12.0x 2025 Projected Adj. EBITDA supported by high single-digit revenue growth outlook, accretive Adj. EBIT margins and accretive ROIC Accelerates the growth of Digital Intelligence by leveraging scalable technologies that drive customer productivity, reliability and safety Expands offerings with Wabtec's existing customers in rail, mining & industrial sectors Wabtec Corporation (NYSE:WAB) announced a definitive agreement to acquire Evident's Inspection Technologies division (Inspection Technologies), formerly part of the Scientific Solutions Division of Olympus Corporation, a global leader in Non-Destructive Testing, Remote Visual Inspection an
Wabtec Corporation (NYSE:WAB) announced it will report 2024 fourth quarter results before the U.S. financial markets open on February 12, 2025. 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: 3404117). About Wabtec Corporation Wabtec Corporation is focused on creating transportation solutions that move and improve the world. The company is a leading global p
Wabtec Corporation (NYSE:WAB) announced today it has acquired Bloom Engineering, Inc., a leading provider in industrial heating applications. This acquisition strengthens Wabtec's portfolio of heat transfer and energy solutions, integrating Bloom Engineering's advanced technologies in burners, combustion systems, and overall services for industrial and process heating applications. The combination of Bloom Engineering with Wabtec's existing portfolio of products and services will accelerate global growth in this highly profitable segment, while providing increased value to its worldwide customer base. "This is another exciting addition to Wabtec," said Mike Fetsko, President of Wabtec's F
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) 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
Aims to Install an Independent Slate and Legendary CEO Committed to Abandoning the Blocked Nippon Deal, Collecting the $565 Million Breakup Fee and Making U.S. Steel Great Again in the Public Market Believes the Board's Decision to Pursue a Risky Sale to Nippon – an Overseas Bidder Paying Just $1 Per Share More Than the Top Domestic Bidder – Has Led to a Dead End Contends the Board and CEO David Burritt, Who Collectively Stood to Receive $100+ Million if the Sale Proceeded, Prioritized Deal Advocacy at the Expense of Financial Health and Operational Performance Expresses Concern About the Board and Mr. Burritt Continuing to Devote Immense Resources to Litigation Despite Legal Headwind
Attractive purchase multiple of 12.0x 2025 Projected Adj. EBITDA supported by high single-digit revenue growth outlook, accretive Adj. EBIT margins and accretive ROIC Accelerates the growth of Digital Intelligence by leveraging scalable technologies that drive customer productivity, reliability and safety Expands offerings with Wabtec's existing customers in rail, mining & industrial sectors Wabtec Corporation (NYSE:WAB) announced a definitive agreement to acquire Evident's Inspection Technologies division (Inspection Technologies), formerly part of the Scientific Solutions Division of Olympus Corporation, a global leader in Non-Destructive Testing, Remote Visual Inspection an
Wabtec Corporation (NYSE:WAB) announced it will report 2024 fourth quarter results before the U.S. financial markets open on February 12, 2025. 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: 3404117). About Wabtec Corporation Wabtec Corporation is focused on creating transportation solutions that move and improve the world. The company is a leading global p
Wabtec Corporation (NYSE:WAB) announced today it has acquired Bloom Engineering, Inc., a leading provider in industrial heating applications. This acquisition strengthens Wabtec's portfolio of heat transfer and energy solutions, integrating Bloom Engineering's advanced technologies in burners, combustion systems, and overall services for industrial and process heating applications. The combination of Bloom Engineering with Wabtec's existing portfolio of products and services will accelerate global growth in this highly profitable segment, while providing increased value to its worldwide customer base. "This is another exciting addition to Wabtec," said Mike Fetsko, President of Wabtec's F
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