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The Latest Breaking News from Wabtec

Are Wall Street Analysts Predicting Westinghouse Air Brake Technologies Stock Will Climb or Sink?

Westinghouse Air Brake Technologies has significantly outperformed the broader market this year, and Wall Street analysts are moderately optimistic about the stock’s prospects.

Barchart

Westinghouse Air Brake Technologies Earnings Preview: What to Expect

Westinghouse Air Brake Technologies is all set to announce its second-quarter results this month, and analysts are projecting a double-digit earnings growth.

Barchart

Railroad industry is running late on Biden’s climate track - Roll Call

Decarbonizing diesel-powered locomotives will require major investments in a fleet of engines using an undetermined alternative power source.

Roll Call

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3 Railroad Stocks With 2024 Gain Potential

The railroad sector is well-positioned for robust growth, thanks to growing demand for cost-effective and economical transportation and several technological innovations. Thus, it could be wise to invest in quality railroad stocks West Japan Railway (WJRYY), Westinghouse (WAB), and L.B. Foster (FSTR) for substantial returns in 2024. Continue reading….

StockNews.com

Buy, Hold, or Sell These 4 Railroad Stocks?

The railroad industry is well-positioned for growth due to the rising demand for transporting raw materials amid the industrial sector’s revival. So, let’s analyze whether Central Japan Railway (CJPRY), West Japan Railway (WJRYY), Westinghouse Air Brake Technologies (WAB), and L.B. Foster (FSTR) are a Buy, Hold, or Sell.

StockNews.com

Workers striking for greener jobs

Unions are working together to push for better environmental standards and greener technology in the industry

Salon

3 Railroad Stocks You Don't Want to Miss

The railroad industry is expected to stay afloat with the increasing need for the transportation of raw materials, thanks to the revival of the industrial sector. Therefore, fundamentally strong railroad stocks Westinghouse Air Brake Technologies (WAB), West Japan Railway (WJRYY), and L.B. Foster (FSTR) might be solid buys now. Read…

StockNews.com

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Railroad industry sues to block new locomotive pollution rules in California

The railroad industry has sued to block new environmental rules in California

The Independent UK

Wabtec Stock Chugs Higher As Transport Sector Improves

Wabtec stock shows improving price performance, earning an upgrade to its IBD Relative Strength Rating.

Investors Business Daily

Wabtec (WAB) Beats Q2 Earnings Estimates, Ups 2022 EPS View

Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (NYSE: WAB), reported mixed second-quarter 2022 results wherein earnings surpassed the Zacks Consensus Estimate but revenues missed the same.

Benzinga

Union Pacific to spend $1B to upgrade 600 older locomotives

Union Pacific will spend more than $1 billion to upgrade 600 of its old diesel locomotives over the next three years and make them more efficient

The Independent UK

Wabtec Acquires Collins Aerospace's ARINC Rail Solutions Business

Westinghouse Air Brake Technologies Corp (NYSE:WAB) (Wabtec) has acquired Raytheon Technologies Corp's (NYSE:RTX) Collins Aerospace business segment ARINC rail solutions, a provider of intelligence-based rail dispatch and back-office solutions. Deal terms were not disclosed. "ARINC's rail solutions systems, coupled with Wabtec's digital and electronics portfolio, will accelerate the industry's journey of rail optimization," commented…

Benzinga

Wabtec Clocks 5% Sales Growth In Q1, Reiterates FY22 Guidance

Westinghouse Air Brake Technologies Corp (NYSE:WAB) (Wabtec) reported first-quarter FY21 net sales growth of 5.3% year-over-year to $1.93 billion, missing the consensus of $1.98 billion. Adjusted EPS of $1.13 (+27% Y/Y) topped the consensus of $1.12. The gross margin expanded by 170 bps to 30.9%. The adjusted gross margin was 31.1%, up by…

Benzinga

Wabtec Secures Multi-Year Order From Norfolk Southern To Modernize 330 Locomotives

Wabtec or Westinghouse Air Brake Technologies Corp (NYSE:WAB) received an additional multi-year order from Norfolk Southern Corp. (NYSE:NSC) to modernize 330 locomotives as part of its continued partnership. Financial terms were not disclosed. The deal marks the third significant modernization order from the railroad since 2015, with more than 950 locomotives upon completion in 2025. Wabtec will…

Benzinga

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Benzinga

Union Pacific Plans To Use Higher Biodiesel Blend In Wabtec Locomotives

Union Pacific Corp (NYSE:UNP) plans to begin using a higher biodiesel blend in locomotives acquired from Westinghouse Air Brake Technologies Corp (NYSE:WAB) (Wabtec) in its efforts to increase the percentage of low-carbon fuels consumed to 10% of its total diesel consumption by 2025 and 20% by 2030. Biofuel is a domestically produced, clean-burning, renewable substitute…

Liverpool Echo

Firm denies plan to 'fire and rehire' 130 workers with 'drastic' pay cuts

Wabtec said it has no plans to fire and rehire workers, or make any of them redundant

Liverpool Echo

Strike action threatened over company's plans to 'fire and rehire' 130 workers

Unite said the engineering giant is seeking to place the staff on "inferior" pay and conditions

Birmingham Post

Strike action threatened after global giant unveils plans to 'fire and rehire' 130 workers

Unite said the US group is seeking to place the staff on "inferior" pay and conditions

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Benzinga

Wabtec Reports Mixed Q4 Results, Boosts Dividend By 25%, Plans $750M Buyback

Westinghouse Air Brake Technologies Corp (NYSE:WAB) (Wabtec) reported fourth-quarter FY21 sales growth of 2.4% year-over-year to $2.07 billion, missing the consensus of $2.18 billion. Adjusted EPS $1.18 (+20.4% Y/Y), beating consensus of $1.17. The gross margin expanded by 650 bps to 31.5%. The adjusted gross margin was 31.7%, up by 570 bps. The…

Benzinga

Union Pacific To Buy Battery-Electric Locomotives From Caterpillar, Wabtec

Union Pacific Corp (NYSE:UNP) plans to purchase 20 battery-electric locomotives for testing in yard operations. The company expects the combined purchases and upgrades to yard infrastructure to exceed $100 million. The railroad will purchase the locomotives from Progress Rail, a Caterpillar Inc. (NYSE:CAT) company, and Westinghouse Air Brake Technologies Corp (NYSE:WAB) (Wabtec). Union Pacific anticipates the first…

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