August 24, 2016 10:19 AM ET

Machinery

Company Overview of Wabtec Corporation

Company Overview

Wabtec Corporation manufactures and supplies technology-based products and components for freight and passenger rail, transit, power generation, off-highway equipment, and industrial markets globally. It offers brake subsystems and related products for locomotives, freight cars, and passenger transit vehicles; electronic train-control equipment; switcher, low-horsepower, commuter, and other locomotives; coupling, door control, and air conditioning systems for transit vehicles; heat-exchange equipment for rail, marine, power generation, off-highway, and industrial applications; and pneumatic, hydraulic, and electro-pneumatic brake equipment, car couplers, and current collectors. The company a...

1001 Air Brake Avenue

Wilmerding, PA 15148

United States

Founded in 1999

Phone:

412-825-1000

Fax:

412-825-1019

Key Executives for Wabtec Corporation

Chief Executive Officer, President and Director
Age: 60
Executive Chairman
Age: 65
Chief Financial Officer and Senior Vice President
Age: 50
Senior Vice President and Group Executive
Age: 59
Managing Director of CoFren SRL
Compensation as of Fiscal Year 2016.

Wabtec Corporation Key Developments

Wabtec Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Wabtec Corporation reported earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net income attributable to shareholders of $90.48 million, or $1 per diluted share, compared to $101.5 million, or $1.04 per diluted share, for the same quarter ended June 30, 2015. Net sales were $723.6 million, compared to $847.03 million a year ago. For the six months, the company reported net income attributable to shareholders for the first six months ended June 30, 2016 was $184.65 million, or $2.02 per diluted share, compared to $197.67 million, or $2.03 per diluted share, for the same period ended June 30, 2015. Net sales for the first six months ended June 30, 2016 were $1.49 billion, compared to $1.66 billion for the same period ended June 30, 2015.

Wabtec Corporation Signs Contract Worth $21 Million to Provide PTC Equipment/Services For TRRA

Wabtec Corporation has signed a contract worth about $21 million to design, install, test and commission Positive Train Control (PTC) for the Terminal Railroad Association of St. Louis (TRRA). Under the contract, the company will provide its Interoperable Electronic Train Management System equipment for 17 locomotives; wayside and communications design, construction and training; and system integration. The contract is expected to be completed in 2018. Several Wabtec divisions are involved in the project: Wabtec Integrated Systems, Xorail, Wabtec Railway Electronics, Railroad Controls and Wabtec Global Services.

Wabtec Corporation Presents at 2016 Avondale Partners Industrials One-on-One Conference, Jun-08-2016

Wabtec Corporation Presents at 2016 Avondale Partners Industrials One-on-One Conference, Jun-08-2016 . Venue: New York Athletic Club, New York, New York, United States.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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