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Latest Wabtec Stories

2014-07-24 08:22:23

WILMERDING, Pa., July 24, 2014 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) today reported record results for the 2014 second quarter, including the following: -- Second quarter sales were a record $731 million, 15 percent higher than the year-ago quarter, due to strong growth in both the Freight and Transit segments. -- Income from operations was a record $132 million, or 18.1 percent of sales, compared to 17.6 percent in the year-ago quarter. --...

2014-07-10 08:20:37

WILMERDING, Pa., July 10, 2014 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) today announced that it will report 2014 second quarter results before the U.S. financial markets open on Thursday, July 24. The company will conduct a conference call to discuss those results with analysts and investors at 10 a.m. the same day. To listen to the call via webcast, please go to www.wabtec.com and click on the "Investor Relations" and "Webcasts" tabs of the site. An audio replay of the call...

2014-06-06 08:21:02

WILMERDING, Pa., June 6, 2014 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) has completed the previously announced acquisition of Fandstan Electric Group Ltd., a leading rail and industrial equipment manufacturer, for about $220 million. Based in London, England, Fandstan Electric has annual sales of about $245 million. Fandstan Electric designs, manufactures and installs electrical current and data collection products for a variety of markets, including rail and tram...

2014-05-14 16:21:49

WILMERDING, Pa., May 14, 2014 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) named Albert J. Neupaver executive chairman and promoted Raymond T. Betler to president and chief executive officer, effective today. Betler was also appointed to the Wabtec Board of Directors. Neupaver, 63, has served as Wabtec's chairman and CEO for the past year, after joining the company as president and CEO in 2006. Betler, 58, joined Wabtec in 2008 and has served as president and chief operating...

2014-05-14 16:21:47

WILMERDING, Pa., May 14, 2014 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) today increased its regular quarterly dividend to 6 cents per share, from 4 cents per share. The new dividend rate will be payable initially Aug. 29, 2014 to shareholders of record Aug. 15, 2014. Albert J. Neupaver, Wabtec's chairman and chief executive officer, said: "Our current financial performance and future outlook provides ample financial strength to invest in growth opportunities and to return a...

2014-04-30 08:21:37

WILMERDING, Pa., April 30, 2014 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) declared its regular quarterly dividend of 4 cents per share, payable on May 30, 2014 to holders of record on May 16, 2014. Wabtec Corporation is a global provider of value-added, technology-based products and services for rail and other industrial markets. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company...

2014-04-23 08:22:14

WILMERDING, Pa., April 23, 2014 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) today reported record results for the 2014 first quarter, including the following: -- First quarter sales were a record $695 million, 13 percent higher than the year-ago quarter, due mainly to growth in the Freight Group. -- Income from operations was a record $122 million, or 17.5 percent of sales, compared to 16.8 percent in the year-ago quarter. -- Earnings per diluted share...

2014-04-10 12:20:35

WILMERDING, Pa., April 10, 2014 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) today announced that it will report 2014 first quarter results before the U.S. financial markets open on Wednesday, April 23. The company will conduct a conference call to discuss those results with analysts and investors at 10 a.m. the same day. To listen to the call via webcast, please go to www.wabtec.com and click on the "Investor Relations" and "Webcasts" tabs of the site. An audio replay of the...

2014-04-02 08:21:53

WILMERDING, Pa., April 2, 2014 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) has signed contracts for $16.6 million with Alaska Railroad Corporation to provide Positive Train Control (PTC) equipment and services, including computer-aided dispatch and back office systems. The systems will be installed on the railroad's 525 miles of controlled track, which are used for both freight and regularly scheduled passenger service. Under the contracts, Wabtec will provide its Interoperable...

2014-02-19 08:21:18

WILMERDING, Pa., Feb. 19, 2014 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) today reported record results for 2013, including the following: -- In the fourth quarter, earnings per diluted share were 76 cents, 13 percent higher than the year-ago quarter. The 2013 fourth quarter was impacted by after-tax expenses of 3 cents per diluted share, or $3.8 million pre-tax, primarily for restructuring actions. -- Sales for the fourth quarter increased 12 percent...


Word of the Day
holluschickie
  • A 'bachelor seal'; a young male seal which is prevented from mating by its herd's older males (mated bulls defending their territory).
This comes from the Russian word for 'bachelors.'
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