Press Releases

Wabtec Launches the Next-Generation Railcar Mover – the Commander NXT

PITTSBURGH, Feb. 27, 2024 – Wabtec (NYSE: WAB) launched today its Shuttlewagon Commander NXT, the next generation of railcar movers. The NXT series will provide the railcar moving industry improved performance, reliability, and efficiency.
Wabtec Announces Pricing of Senior Notes Offering

PITTSBURGH, Feb. 26, 2024 - Wabtec Corporation (NYSE: WAB) (“Wabtec”) today announced that it has priced a public offering of $500 million aggregate principal amount of 5.611% Senior Notes due 2034 (the “Notes”). The Notes will be guaranteed by each of Wabtec’s current and future subsidiaries that guarantee its indebtedness under its credit agreements or any other debt of Wabtec or any other guarantor.
MRS Orders 30 Wabtec Evolution Series Locomotives

RIO DE JANEIRO and PITTSBURGH, Feb 21, 2024 - MRS Logística (MRSA-MB) and Wabtec Corporation (NYSE: WAB) announced an agreement for 30 new Evolution Series locomotives. The deal is valued at approximately R$500 million with the first deliveries scheduled for 2024. The purchase is part of MRS’s railway fleet renewal strategy and reinforces the almost 30-year relationship between the two companies.
Wabtec Delivers Strong Fourth Quarter 2023 Results; Issues 2024 Full-Year Guidance

PITTSBURGH, February 14, 2024 – Wabtec Corporation (NYSE: WAB) today reported fourth quarter 2023 GAAP earnings per diluted share of $1.20, up 39.5% versus the fourth quarter of 2022. Adjusted earnings per diluted share were $1.54, up 18.5% versus the same quarter a year ago. Fourth quarter sales were $2.53 billion and cash from operations was $686 million. Full year 2023 GAAP earnings per diluted share was $4.53, up 30.9% versus full year 2022. Full year adjusted earnings per diluted share were $5.92, up 21.8% versus full year 2022. Total 2023 sales were $9.68 billion and cash from operations was a record high of $1.20 billion.
Wabtec and CSX Extend Deal to Modernize over 200 Locomotives

PITTSBURGH, Feb. 13, 2024 — Wabtec Corp. (NYSE: WAB) and CSX Corp. (NASDAQ: CSX) signed a deal for over 200 locomotive modernizations featuring a suite of digital solutions, innovations, and services. The agreement will transform the remaining AC4400 locomotives in CSX’s fleet providing improved fuel efficiency, reliability, utilization, and tractive effort.
Wabtec Wins Major Door and HVAC Contract for Norske Tog’s New Train Fleet

PITTSBURGH, February 12, 2024 -- Wabtec Corporation (NYSE: WAB) won a major order to supply sustainable heating, ventilation, and air-conditioning (HVAC) units and efficient door systems for Norway-based Norske Tog’s new regional trains. The new doors and Green Air HVAC systems provide the customer with improved cost savings, efficiency, sustainability, and an enhanced passenger experience.
Wabtec Awarded $157 Million Brake System Order from Siemens Limited

HOSUR, January 24, 2024 — Wabtec Corporation (NYSE: WAB) announced today a large brake system order from the Mobility Business of Siemens India Private Limited for the prestigious 9000HP locomotive project for Indian Railways. The $157 million (Rs.1300 crore) order will provide improved operating performance, efficiency, and safety with the latest technology for the new line of 1,200 electric locomotives.
Wabtec’s Trip Optimizer™ Surpasses 1 Billion Miles Significantly Reducing the Rail Industry’s Fuel Consumption and Emissions

PITTSBURGH, January 17, 2024 – Wabtec’s (NYSE: WAB) Trip Optimizer surpassed a major milestone as railroads used the energy-management software to efficiently operate their trains for more than 1 billion auto miles, the equivalent of more than 40,000 trips around the Earth. The 12,000 locomotives worldwide using the Trip Optimizer system accounted for significant reductions in fuel consumption and emissions for the rail industry.
Wabtec Announces Fourth Quarter 2023 Earnings Release Date

PITTSBURGH, January 10, 2024 – Wabtec Corporation (NYSE: WAB) announced it will report 2023 fourth quarter results before the U.S. financial markets open on February 14, 2024. The company will conduct a conference call to discuss those results with analysts and investors at 8:30 a.m. ET the same day.
Wabtec Announces Railcar Telematics Platform

PITTSBURGH, December 14, 2023 – Wabtec (NYSE: WAB) announced today its entrance into the railcar telematics market via an agreement with Intermodal Telematics B.V. (“IMT”), a Dutch company, under which Wabtec will create a railcar telematics platform using IMT technology. Wabtec’s new railcar telematics platform will deliver real-time information to railcar and tank container owners and operators, allowing them to turn rail cargo into smart, connected assets.
Wabtec Earns Top Score in Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index

PITTSBURGH, Dec 4, 2023 – Wabtec (NYSE: WAB) announced today that it received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. The recognition comes as Wabtec makes significant year-over-year progress on all diversity, equity, and inclusion targets.
Wabtec and Marinsa Secure Marine Engine Order for New Panama Canal Tugboats

PITTSBURGH, November 28, 2023 – Wabtec Corporation (NYSE: WAB) and Latin American Channel Partner, Marinsa International, recently signed a contract to supply the primary power for 10 new hybrid tractor tugboats for the Panama Canal Authority (ACP). Under the contract, Wabtec will deliver two 8L250MDA marine engines for each tugboat. The marine engines will provide maximum availability with the lowest life-cycle cost for the vessel operators.
Wabtec’s 2023 Sustainability Report Highlights Progress on Key Initiatives

PITTSBURGH, November 6, 2023 – Wabtec Corporation (NYSE: WAB) released today its 2023 Sustainability Report highlighting the company’s vision and progress on key environmental, social, and governance (ESG) commitments. The company’s strategy is to contribute to a better, more sustainable world through its unique business offerings, leading technologies, and sustainable business practices, while creating value for customers, employees, and other stakeholders.
Wabtec and Roy Hill Unveil the First 迪士尼3彩乐园 Battery Locomotive

ERIE, PA Oct. 31, 2023 – Wabtec and its launch customer, Roy Hill, a leading iron ore miner majority owned by Australia’s most successful private company, Hancock Prospecting, have celebrated the debut of the 迪士尼3彩乐园 battery locomotive, the world’s first 100% battery-powered, heavy-haul locomotive for mainline service. The ceremony unveiled the unique, striking pink-colored locomotive at Wabtec’s design and development center in Pennsylvania in front of employees, customer executives, and government and community officials.
Wabtec Delivers Strong Third Quarter 2023 Results; Raises Full-Year Guidance

PITTSBURGH, October 25, 2023 – Wabtec Corporation (NYSE: WAB) today reported third quarter 2023 GAAP earnings per diluted share of $1.33, up 51.1% versus the third quarter of 2022. Adjusted earnings per diluted share were $1.70, up 39.3% versus the same quarter a year ago. Third quarter sales were $2.55 billion, up 22.5% versus the third quarter a year ago, driven by strong sales across the Freight and Transit segments. The Company generated strong operating cash flow of $425 million resulting in a cash conversion of 116% for the third quarter 2023.