Profile
Sector:
IndustrialsIndustry:
RailroadsCountry:
United StatesIPO:
16 June 1995Website:
http://www.wabteccorp.comNext earnings report:
14 February 2025Last dividends:
13 November 2024Next dividends:
N/APrice
after hours | 30 min agoAnalysts recommendations
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WAB Latest News
Wabtec (WAB) has received a Zacks Rank #1 (Strong Buy) upgrade, indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price soon.
The inclusion of Fanox and Kompozitum is expected to improve WAB's profits, expand its range of products, and increase its customer base.
Wabtec benefits from its solid performance in different areas, which supports its overall revenue. Additionally, their initiatives to improve connectivity are promising.
Wabtec (WAB) has the potential to deliver impressive returns due to its strong growth characteristics.
Westinghouse Air Brake Technologies, also known as Wabtec, performed better than I anticipated after I recommended to "Hold" on July 30, 2024.
In the third quarter of 2024, WAB's revenues increased due to stronger sales in the Freight and Transit sectors.
While the revenue and earnings per share (EPS) for Wabtec (WAB) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced that for the third quarter of 2024, their GAAP earnings per diluted share reached $1.63, which is a 22.6% increase compared to the same period in 2023. Their adjusted earnings per diluted share were $2.00, reflecting a 17.6% rise from last year. The company reported sales of $2.66 billion and generated $542 million in cash from operations, showcasing strong performance in sales, margins, earnings, and cash flow, according to Rafael.
Westinghouse Air Brake Technologies Corporation (NYSE:WAB) will hold its Q3 2024 Earnings Call on October 23, 2024, at 8:30 AM ET. Key company participants include Kyra Yates, Rafael Santana, John Olin, and John Mastelers. The call will also feature analysts from various financial institutions, and it is important to note that the event is being recorded.
PITTSBURGH--(BUSINESS WIRE)--Wabtec (NYSE: WAB) has revealed a $405-million deal to provide Evolutions Series ES44ACi locomotives to Kazakhstan Temir Zholy (KTZ). These new locomotives will modernize KTZ's old fleet and help meet the increasing demand for rail services in the area. Gokhan Bayhan, Wabtec's Regional Senior Vice President for CIS, Europe, and Mi, noted that Kazakhstan's forward-thinking government recognizes the vital role of railways in boosting the local economy.
What type of business is Westinghouse Air Brake Technologies?
Wabtec Corporation is an American company formed as a result of the merger of Westinghouse Air Brake Company (WABCO) and MotivePower Industries Corporation in 1999. The headquarters is located in Pittsburgh, Pennsylvania, USA. The company's history dates back to 1869 when Westinghouse Air Brake Company was founded. Wabtec manufactures products for locomotives, freight cars, and passenger vehicles, as well as builds new locomotives with a power of up to 4,000 horsepower (3 MW). The company merged with GE Transportation on February 25, 2019.
What sector is Westinghouse Air Brake Technologies in?
Westinghouse Air Brake Technologies is in the Industrials sector
What industry is Westinghouse Air Brake Technologies in?
Westinghouse Air Brake Technologies is in the Railroads industry
What country is Westinghouse Air Brake Technologies from?
Westinghouse Air Brake Technologies is headquartered in United States
When did Westinghouse Air Brake Technologies go public?
Westinghouse Air Brake Technologies initial public offering (IPO) was on 16 June 1995
What is Westinghouse Air Brake Technologies website?
https://www.wabteccorp.com
Is Westinghouse Air Brake Technologies in the S&P 500?
Yes, Westinghouse Air Brake Technologies is included in the S&P 500 index
Is Westinghouse Air Brake Technologies in the NASDAQ 100?
No, Westinghouse Air Brake Technologies is not included in the NASDAQ 100 index
Is Westinghouse Air Brake Technologies in the Dow Jones?
No, Westinghouse Air Brake Technologies is not included in the Dow Jones index
When was Westinghouse Air Brake Technologies the previous earnings report?
No data
When does Westinghouse Air Brake Technologies earnings report?
The next expected earnings date for Westinghouse Air Brake Technologies is 14 February 2025