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Westinghouse Air Brake Technologies Corporation (NYSE: WAB) |
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Price: $188.8600
$4.08 
2.208%
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| Day's High:
| $189.14
| Week Perf:
| 3.91 %
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| Day's Low: |
$ 185.88 |
30 Day Perf: |
2.29 % |
| Volume (M): |
846 |
52 Wk High: |
$ 210.88 |
| Volume (M$): |
$ 159,832 |
52 Wk Avg: |
$176.78 |
| Open: |
$186.06 |
52 Wk Low: |
$141.85 |
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| Market Capitalization (Millions $) |
33,019 |
| Shares
Outstanding (Millions) |
175 |
| Employees |
29,000 |
| Revenues (TTM) (Millions $) |
10,387 |
| Net Income (TTM) (Millions $) |
1,067 |
| Cash Flow (TTM) (Millions $) |
95 |
| Capital Exp. (TTM) (Millions $) |
207 |
Westinghouse Air Brake Technologies Corporation
Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, is a Delaware corporation headquartered in Wilmerding, Pennsylvania. Established in 1990 with the acquisition of certain assets from American Standard, Inc. Wabtec merged with MotivePower Industries, Inc. in 1999.
Wabtec is recognized as one of the largest global providers of technology-based equipment and services for the rail industry, boasting approximately a 50% market share for primary braking-related equipment in North America. Its products aim to enhance safety, boost productivity, and reduce maintenance costs, and are utilized on nearly all U.S. locomotives, freight cars, subway cars, and buses, as well as in numerous vehicles globally.
Wabtec primarily serves the freight rail and passenger transit industries. The companys performance is closely tied to the health and investment activities of these sectors, influenced by factors such as economic conditions, freight tonnage, passenger ridership, and government spending on public transportation. The global market for railway products and services is substantial'exceeding $100 billion'and is expected to experience steady growth driven by ongoing urbanization and increasing mobility needs.
Various statistics reveal the scale of the rail industry, with significant installed bases of locomotives, freight cars, and transit cars distributed across global markets, including North America, Europe, and Asia-Pacific. In North America, railroads are pivotal to the transportation ecosystem, with substantial figures in freight capacity. The passenger sector relies heavily on governmental funding and fare revenues, with major urban areas depending on efficient rail and bus services.
Internationally, countries like China, India, and Brazil are investing in rail infrastructure, creating further opportunities for Wabtecs products and technologies. The company has a legacy of innovation in braking technology since its founding and continues to expand its offerings, maintaining a leading position with a diverse product range across both original equipment and aftermarket segments.
Wabtecs key strengths include its established market presence, extensive product range, advanced design capabilities, compliance with industry regulatory requirements, and an experienced management team driven by continuous improvement initiatives like the Wabtec Performance System (WPS). This framework emphasizes lean manufacturing and operational efficiency, positioning Wabtec for sustainable growth.
Looking forward, Wabtec aims to expand globally, enhance aftermarket sales, and accelerate new product development, targeting markets that utilize U.S.-style rail systems and exploring opportunities in other industrial sectors aligned with their expertise in technology and equipment.
Company Address: 30 Isabella Street Pittsburgh 15212 PA
Company Phone Number: 825-1000 Stock Exchange / Ticker: NYSE WAB
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Customers Net Income fell by |
WAB's Customers Net Profit Margin fell to |
-43.32 % |
20.85 %
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| Stock Performances by Major Competitors |
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| Westinghouse Air Brake Technologies Corporation
Strong Growth and Resilience: Westinghouse Air Brake Technologies Corporation's Impressive Fiscal PerformanceAs the fiscal time-frame ending September 30, 2024, comes to a close, Westinghouse Air Brake Technologies Corporation (WAB) has once again proven its mettle in the competitive landscape of the Railroads sector. With a remarkable bottom line reflecting a 22.56% growth, translating to earnings of $1.63 per share compared to $1.33 in the same quarter last year, WAB stands out as a beacon of stability and innovation.Despite facing challenges, the company?s earnings did see a slight decrease of 0.61% from the previous quarter?s $1.64 per share. However, this minor setback does not overshadow the significant year-over-year growth that underscores the company?s robust business model and strategic initiatives. Navigating Revenue Growth Amidst Sector CompetitionWAB reported a moderate yet commendable revenue increase of 4.43%, reaching $2.66 billion up from $2.55 billion in the same quarter last year. Sequentially, revenue saw a slight rise of 0.72% from $2.64 billion, showcasing the company's sustained momentum. While other players in the Railroads sector have reported a more modest revenue advancement of just 1.32%, WAB?s performance clearly positions it as a leader among its peers.
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| Business Update
Published Tue, Jul 30 2024 7:47 PM UTC
In a significant move to bolster its position in the rail sector, Pittsburgh-based Wabtec Corporation announced a noteworthy $277 million order for Evolution Series ES43ACmi locomotives from SimFer, a joint venture involving the Government of Guinea, Rio Tinto, and Chalco Iron Ore Holdings (CIOH). This deal predominantly aims to support the Simandou iron ore project, a high-...
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| Westinghouse Air Brake Technologies Corporation
Financial News Report: Wabtec Corporation Reports Significant Earnings Growth and Declares Quarterly Dividend
nPittsburgh, PA ? July 30, 2024n ? Wabtec Corporation (NYSE: WAB), a global leader in the freight and transit rail industry, has released its financial results for the second quarter of 2024, revealing an impressive increase in both earnings per share (EPS) and revenue. The company reported a staggering EPS of $1.64, reflecting a remarkable 54.7% growth compared to the same quarter last year. This performance continues to build on a positive income trajectory, with the EPS increasing from $1.53 in the prior year?s quarter.
Revenue for the quarter surged to $2.64 billion, a 9.8% increase from $2.41 billion in the year-ago period. When compared to the first quarter of 2024, revenue grew by 5.89% from $2.50 billion. The net income for the April to June timeframe stood at $291 million, representing a 50.8% leap over net earnings of $193 million recorded during the same period in the previous year.
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| Dividend
Published Fri, Jul 19 2024 4:57 AM UTC
Wabtec Corporation, a leading global provider of equipment, systems, and digital solutions for the freight and transit rail industry, recently announced a regular quarterly common dividend and showcased positive growth trends. This article will examine the details of the press release and assess their impact on the company s shares.
Facts from the Press Release...
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| Dividend
Published Thu, Jul 18 2024 8:57 PM UTC
Wabtec Declares Regular Quarterly Common Dividend: A Promising Sign of Growth in the Rail Industry
PITTSBURGH - Wabtec Corporation (NYSE: WAB) made a significant announcement today that its Board of Directors has declared a regular quarterly common dividend of 20 cents per share. This dividend is payable on August 28, 2024, to shareholders of record as of August 14, 2024...
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| Per Share |
Current |
| Earnings (TTM) |
6.04 $ |
| Revenues (TTM) |
59.41 $
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| Cash Flow (TTM) |
0.54 $ |
| Cash |
-
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| Book Value |
57.96 $
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| Dividend (TTM) |
0.8 $ |
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| Per Share |
|
| Earnings (TTM) |
6.04 $
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| Revenues (TTM) |
59.41 $ |
| Cash Flow (TTM) |
0.54 $ |
| Cash |
-
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| Book Value |
57.96 $ |
| Dividend (TTM) |
0.8 $ |
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| Freight Segment |
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 72.47 % |
of total Revenue |
| Transit Segment |
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27.53 % |
of total Revenue |
| Corporate Activities and Elimination |
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-1.31 % |
of total Revenue |
| Corporate Activities and Elimination Freight Segment |
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0.45 % |
of total Revenue |
| Corporate Activities and Elimination Transit Segment |
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0.86 % |
of total Revenue |
| Services |
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18.48 % |
of total Revenue |
| Services Freight Segment |
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34.43 % |
of total Revenue |
| Equipment Freight Segment |
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19.26 % |
of total Revenue |
| Components Freight Segment |
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11.12 % |
of total Revenue |
| Digital Intelligence Freight Segment |
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7.66 % |
of total Revenue |
| Original Equipment Manufacturer Transit Segment |
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13.11 % |
of total Revenue |
| Aftermarket Transit Segment |
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14.42 % |
of total Revenue |
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On February 12 2025 the Westinghouse Air Brake Technologies provided following guidance
nnWestinghouse Air Brake Technologies Corporation (Wabtec) Reports Strong Q4 2024 Performance; Provides Forward-Looking Guidance for 2025nn
PITTSBURGH ? On February 12, 2025, Westinghouse Air Brake Technologies Corporation (Wabtec Corporation), listed on the NYSE under the ticker WAB, announced its financial results for the fourth quarter of 2024. The company reported a GAAP earnings per diluted share of $1.23, marking an increase of 2.5% compared to the same period in the previous year. Adjusted earnings per diluted share for the fourth quarter were reported at $1.68, reflecting a robust growth of 9.1% year over year.
In terms of revenue, Wabtec generated fourth-quarter sales totaling $2.5...
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1.68% 