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
Founded in 1999
Wabtec Corporation Signs $22 Million Contract
Jun 7 17
Wabtec Corporation has signed a contract worth about $22 million to design, install, test and commission Positive Train Control (PTC) for the Belt Railway Company of Chicago (BRC). Under the contract, the company will provide its Interoperable Electronic Train Management System equipment for five locomotives, a back-office server, office hosting, wayside and communications design, a track database, construction, training, and system integration. The contract is expected to be completed in 2018.
Wabtec Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016; Provides Earnings Guidance for the Year 2017
Feb 21 17
Wabtec Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net sales of $759,982,000 against $832,849,000 a year ago. Income from operations was $62,800,000 against $151,209,000 a year ago. Income from operations before income taxes was $33,060,000 against $149,398,000 a year ago. Net income attributable to the company shareholders was $37,811,000 or $0.42 per diluted share against $101,779,000 or $1.05 per diluted share a year ago.
For the year, the company reported net sales of $2,931,188,000 against $3,307,998,000 a year ago. Income from operations was $458,361,000 against $607,567,000 a year ago. Income from operations before income taxes was $412,837,000 against $585,368,000 a year ago. Net income attributable to the company shareholders was $304,887,000 or $3.34 per diluted share against $398,628,000 or $4.10 per diluted share a year ago. The company generated cash flow from operations of $449 million for the full year, exceeding net income by about 45%.
The company provided earnings guidance for the year 2017. For the year, the company’s revenues expected to be about $4.1 billion and adjusted earnings per diluted share expected to be between $3.95 and $4.15 excluding expected restructuring and transaction charges, and non-controlling interest expense related to the Faiveley acquisition.
Wabtec Corporation Presents at Stifel 2017 Transportation & Logistics Conference, Feb-14-2017 11:40 AM
Feb 11 17
Wabtec Corporation Presents at Stifel 2017 Transportation & Logistics Conference, Feb-14-2017 11:40 AM. Venue: The Ritz-Carlton Key Biscayne, 455 Grand Bay Drive, Key Biscayne, FL, 33149, Florida, United States.