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Last $91.63 USD
Change Today -0.31 / -0.34%
Volume 139.5K
WAB On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 11:54 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

wabtec corp (WAB) Snapshot

Open
$93.33
Previous Close
$91.94
Day High
$94.70
Day Low
$91.63
52 Week High
04/22/15 - $105.10
52 Week Low
10/15/14 - $70.20
Market Cap
8.9B
Average Volume 10 Days
640.9K
EPS TTM
$4.09
Shares Outstanding
96.7M
EX-Date
08/13/15
P/E TM
22.5x
Dividend
$0.32
Dividend Yield
0.28%
Current Stock Chart for WABTEC CORP (WAB)

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wabtec corp (WAB) Details

Westinghouse Air Brake Technologies Corp., doing business as Wabtec Corp., provides technology-based equipment and services for the rail industry worldwide. The company operates in two segments, Freight Group and Transit Group. Freight Group manufactures and services components for new and existing freight cars and locomotives, builds new switcher locomotives, and rebuilds freight locomotives. Transit Group primarily manufactures and services components for new and existing passenger transit vehicles, principally subway cars and buses; builds new commuter locomotives; and refurbishes subway cars. Its customers include railroads in North America, Britain, Australia, Europe, South Africa, and India. Westinghouse Air Brake Technologies was founded in 1869 and is headquartered in Wilmerding, Pa.

12,600 Employees
Last Reported Date: 02/20/15
Founded in 1869

wabtec corp (WAB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $700.0K
Executive Chairman
Total Annual Compensation: $890.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $360.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $360.0K
Senior Vice President and Group Executive
Total Annual Compensation: $353.0K
Compensation as of Fiscal Year 2014.

wabtec corp (WAB) Key Developments

Wabtec Names Stéphane Rambaud-Measson as Corporate Executive Vice-President and President and Chief Executive Officer of Wabtec's Faiveley Transport Group

Wabtec announced to acquire Faiveley Transport for a total purchase price of $1.8 billion, including assumed debt. The proposed combination would improve Faiveley Transport's operations in the long term. Following completion of the deal, Faiveley Transport chairman of the management board and chief executive officer - Stéphane Rambaud-Measson will join Wabtec as president and chief executive officer of Wabtec's Faiveley Transport group and as Wabtec corporate executive vice-president.

Faiveley Transport S.A., Westinghouse Air Brake Technologies Corporation - M&A Call

To discuss acquisition of Faiveley Transport S.A.

Wabtec Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Earnings Guidance for the Year 2015

Wabtec Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales were $847.03 million against $731.07 million a year ago, due to strong growth in the Freight segment. Income from operations was $155.86 million against $132.32 million a year ago. Income from operations before income taxes was $149.93 million against $128.04 million a year ago. Net income attributable to the company was $101.5 million against $88.705 million a year ago. Diluted earnings per share were $1.04 against $0.91 a year ago. Cash flow from operations in the quarter was $67 million. At June 30, 2015, the company had debt of $400 million. Capex for the quarter was $12.4 million versus $12 million in the comparable quarter last year. The company generated $67 million of cash from operations. For the six months, the company reported net sales were $1,665.62 million against $1,426.32 million a year ago. Income from operations was $304.28 million against $254.17 million a year ago. Income from operations before income taxes was $291.18 million against $245.42 million a year ago. Net income attributable to the company was $197.67 million against $168.84 million a year ago. Diluted earnings per share were $2.03 against $1.74 a year ago. The company generated $111 million of cash from operations. Based on the company's first half results and outlook for the rest of the year 2015, the company affirmed its 2015 guidance for earnings per diluted share of about $4.10, with revenues expected to be up about 10% for the year. This guidance for the year has about $145 million of FX headwinds for revenues and about $20 million in EBIT. The company expects continued operating margin expansion, no changes in foreign exchange rates from the current levels and tax rate of about 32% for the year. This is slightly higher than the company expected due to a greater percentage of sales coming from within the United States, which has a higher tax rate than some of international locations. Capex expected to be around $60 million.

 

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Industry Analysis

WAB

Industry Average

Valuation WAB Industry Range
Price/Earnings 24.5x
Price/Sales 2.8x
Price/Book 4.7x
Price/Cash Flow 22.9x
TEV/Sales 2.6x
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