| Market Capitalization (Millions $) |
48,149 |
| Shares
Outstanding (Millions) |
171 |
| Employees |
31,000 |
| Revenues (TTM) (Millions $) |
11,507 |
| Net Income (TTM) (Millions $) |
1,219 |
| Cash Flow (TTM) (Millions $) |
-167 |
| Capital Exp. (TTM) (Millions $) |
262 |
Business Description
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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