May 06, 2016 2:59 PM 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: 59
Executive Chairman
Age: 64
Chief Financial Officer and Senior Vice President
Age: 49
Senior Vice President and Group Executive
Age: 58
Managing Director of CoFren SRL
Compensation as of Fiscal Year 2015.

Wabtec Corporation Key Developments

Wabtec Corporation expected to report Q1 2016 results on May 6, 2016. This event was calculated by Capital IQ (Created on May 2, 2016).

Wabtec Corporation expected to report Q1 2016 results on May 6, 2016. This event was calculated by Capital IQ (Created on May 2, 2016).

Wabtec Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Provides Earnings Guidance for the Year 2016

Wabtec Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported net sales of $832,849,000 against $820,866,000 a year ago. Income from operations was $151,209,000 against $136,963,000 a year ago. Income from operations before income taxes was $149,398,000 against $131,206,000 a year ago. Net income attributable to the company shareholders was $101,779,000 or $1.05 per diluted share against $92,686,000 or $0.95 per diluted share a year ago. For the year, the company reported net sales of $3,307,998,000 against $3,044,454,000 a year ago. Income from operations was $607,567,000 against $527,109,000 a year ago. Income from operations before income taxes was $585,368,000 against $507,855,000 a year ago. Net income attributable to the company shareholders was $398,628,000 or $4.10 per diluted share against $351,680,000 or $3.62 per diluted share a year ago. For the year 2016, the company expects earnings per diluted share of between $4.30-$4.50, with revenues expected to be flat to slightly up. The company expects 2016 quarterly results to improve sequentially during the year as it realizes the benefits of ongoing cost reduction initiatives and as projects already in backlog begin to ramp up.

Wabtec Corporation Presents at Stifel Transportation and Logistics Conference, Feb-10-2016 08:45 AM

Wabtec Corporation Presents at Stifel Transportation and Logistics Conference, Feb-10-2016 08:45 AM. Venue: Ritz-Carlton, Key Biscayne, Florida, United States.

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