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April 28, 2015 12:58 AM ET

Machinery

Company Overview of Wabtec Corporation

Company Overview

Wabtec Corporation, through its subsidiaries, manufactures technology-based products and components for original equipment and aftermarket usage in rail, transit, and other industrial markets worldwide. It offers brake subsystems and related products for locomotives, freight cars, and passenger transit vehicles; electronic train-control equipment; new switcher and commuter locomotives; coupling, door control, and air conditioning systems for transit vehicles; heat-exchange equipment for rail, marine, power generation, off-highway, and industrial applications; pneumatic, hydraulic, and electro-pneumatic brake equipment, car couplers and current collectors; and intercity and metro cars, commut...

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 and President
Age: 58
Executive Chairman
Age: 63
Chief Financial Officer and Senior Vice President
Age: 48
Senior Vice President, General Counsel and Secretary
Age: 58
Senior Vice President and Group Executive
Age: 57
Compensation as of Fiscal Year 2014.

Wabtec Corporation Key Developments

Wabtec Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year 2014

Wabtec Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $797,271,000 against $631,398,000 a year ago. Income from operations was $135,977,000 against $109,871,000 a year ago. Income from operations before income taxes was $131,229,000 against $104,384,000 a year ago. Net income attributable to the company shareholders was $90,155,000 or $0.93 per diluted share against $73,943,000 or $0.76 per diluted share a year ago. Cash flow from operations in the quarter was $93 million, or 12% of sales, exceeding net income of $90 million. For the nine months, the company reported net sales of $2,223,588,000 against $1,884,910,000 a year ago. Income from operations was $390,146,000 against $326,092,000 a year ago. Income from operations before income taxes was $376,649,000 against $313,545,000 a year ago. Net income attributable to the company shareholders was $258,994,000 or $2.67 per diluted share against $218,194,000 or $2.25 per diluted share a year ago. At Sept. 30, 2014, the company had debt of $522 million. For 2014, based on year-to-date results and outlook for the rest of the year, the company increased its 2014 guidance for earnings per diluted share to $3.58-$3.62, with revenues expected to be up about 18% for the year.

Wabtec Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014

Wabtec Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported income from operations of $132,323,000, income from operations before income taxes of $128,041,000 and net income attributable to shareholders of $88,705,000 or $0.91 per diluted share on net sales of $731,068,000 against income from operations of $112,554,000, income from operations before income taxes of $109,689,000 and net income attributable to shareholders of $74,638,000 or $0.77 per diluted share on net sales of $638,002,000 reported for the same period a year ago. Cash flow from operations in the quarter was $111 million, or 15% of sales. For the six months period, the company reported income from operations of $254,169,000, income from operations before income taxes of $245,420,000 and net income attributable to shareholders of $168,839,000 or $1.74 per diluted share on net sales of $1,426,317,000 against income from operations of $216,221,000, income from operations before income taxes of $209,161,000 and net income attributable to shareholders of $144,251,000 or $1.49 per diluted share on net sales of $1,253,512,000 reported for the same period a year ago. Based on its first half results and outlook for the rest of the year, the company increased its 2014 guidance for earnings per diluted share to about $3.52, with revenues expected to be up about 15% for the year.

Wabtec Corporation to Report Q2, 2014 Results on Jul 24, 2014

Wabtec Corporation announced that they will report Q2, 2014 results Pre-Market on Jul 24, 2014

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