$WAB (Westinghouse Air Brake Technologies Corporation)

$WAB {{ '2016-03-02T16:05:16+0000' | timeago}} • Announcement

Freight rail products company $WAB said its MotivePower subsidiary delivered a prototype locomotive, certified to meet the new Tier 4 emissions standards, to Metrolinx. MotivePower also signed a $97MM contract with Metrolinx to build 16 Tier 4 locomotives based on a similar platform and include AC propulsion. Delivery is expected to begin in 2017.

$WAB {{ '2017-05-18T17:35:33+0000' | timeago}} • Announcement

$WAB signed a contract worth about $40MM to design, install, test and commission Positive Train Control (PTC) for the South Florida Regional Transportation Authority (SFRTA), which operates the Tri-Rail commuter rail service. Installation is expected to be completed by the end of 2018.

$WAB {{ '2017-05-10T15:26:40+0000' | timeago}} • Announcement

$WAB lifted its regular quarterly dividend by 20% from 10 cents to 12 cents per share. The new dividend rate will be payable initially on Aug. 28, 2017 to shareholders of record on Aug. 14, 2017.

$WAB {{ '2017-05-10T15:25:06+0000' | timeago}} • Announcement

$WAB elected Albert Neupaver as chairman of its BoD. Raymond Betler remains president and CEO and a Board member. Stephane Rambaud-Measson has been named its EVP and COO and elected a Board member.

$WAB {{ '2017-04-13T11:56:17+0000' | timeago}} • Announcement

$WAB BoD declared its regular quarterly dividend of $0.10 per share, payable on May 26, 2017 to holders of record on May 12, 2017.

$WAB {{ '2017-03-14T15:16:38+0000' | timeago}} • Announcement

$WAB acquired Aero Transportation Products (ATP), a manufacturer of engineered freight car components. The company has annual sales of about $40MM. ATP's sales are mainly in the U.S., so it expects to benefit from $WAB's worldwide presence in key freight markets such as Australia and South America.

$WAB {{ '2017-03-01T17:41:54+0000' | timeago}} • Announcement

$WAB signed a $97MM contract to provide signaling and communication services, including a control and command center, for TEX Rail, a new commuter rail line being developed by the Fort Worth Transportation Authority. The authority expects to open the 27-mile, double-track line in 2018.

$WAB {{ '2017-01-25T16:43:59+0000' | timeago}} • Announcement

$WAB's BoD declared its regular quarterly dividend of 10 cents per share. The dividend is payable on Feb. 24, 2017 to shareholders of record on Feb. 10, 2017.

$WAB {{ '2016-12-20T16:35:13+0000' | timeago}} • Announcement

$WAB acquired Workhorse Rail LLC, a supplier of engineered freight car components.  The value of the deal was not revealed. The acquired company has annual sales of approx. $35MM.

$WAB {{ '2016-12-01T16:10:04+0000' | timeago}} • Announcement

$WAB now expects 2016 revenue to be down about 10% to about $2.95Bil and its GAAP EPS of $3.45-3.50. $WAB lowered its adjusted EPS outlook to $3.95-4.00 from $4.00-4.20. For 2017, $WAB expects revenue of about $4.2Bil, adjusted operating margin of about 15-16% and adjusted earnings to be about 8% higher than 2016.

$WAB {{ '2016-12-01T16:05:28+0000' | timeago}} • Announcement

$WAB acquired majority ownership of Faiveley Transport. $WAB now expects to realize at least $50MM in annual pre-tax synergies from the combination by year three, and the transaction will be accretive to $WAB's EPS in 2017.

$WAB {{ '2016-12-01T16:03:57+0000' | timeago}} • Announcement

$WAB acquired majority ownership of Faiveley Transport. Through tender offer, shareholders of Faiveley will have option to elect to receive EUR 100 per share of Faiveley in cash or 1.1538 $WAB common shares per Faiveley share. The total purchase price for 100% of Faiveley shares is about $1.7Bil, including assumed debt and net of cash acquired.

$WAB {{ '2016-12-01T16:00:33+0000' | timeago}} • Announcement

$WAB acquired majority ownership of Faiveley Transport after completing the purchase of the Faiveley family's stake, which represented about 51% of shares outstanding, for $212MM in cash and 6.3MM common shares of $WAB. $WAB plans to launch a tender offer for the remaining public shares in December.

$WAB {{ '2016-08-02T22:31:10+0000' | timeago}} • Announcement

$WAB said it has acquired Gerken Group SA, a leading manufacturer of specialty carbon and graphite products for rail and other industrial applications. The company has annual sales of about $40MM. Gerken's sales are mainly in the aftermarket and outside of North America.

$WAB {{ '2016-07-25T17:54:57+0000' | timeago}} • Webcast

KeyBanc analyst Steve Barger questions $WAB on cost control, asking where the company will go in future. Executive Chairman Albert Neupaver says that every year, poorly performing businesses have contingency plans that are in phases. So, $WAB is taking actions in cutting hedge and increasing activity related to performance system.

$WAB {{ '2016-07-25T17:39:11+0000' | timeago}} • Webcast

BB&T Capital Markets analyst Willard Milby questions $WAB whether the $80MM target for SG&A for the rest of the year is a good number. CFO Patrick Dugan says that a conservative estimate would be about $78-80MM of SG&A per quarter.

$WAB {{ '2016-07-25T17:05:54+0000' | timeago}} • Webcast

Longbow Research analyst Matthew Brooklier questions $WAB whether the decline in Freight revenue guidance of $200MM is within the railcar and locomotive side of business. Executive Chairman Albert Neupaver says that the $200MM includes the whole headwind from the Freight market and also the impact on the aftermarket business.

$WAB {{ '2016-07-25T16:47:25+0000' | timeago}} • Webcast

Stephens analyst Justin Long questions $WAB about its potential to grow organically in 2017. CFO Patrick Dugan says that the company is focused on PTC where the spending will continue. $WAB will see growth in the applications of enhancements once the computer is on board the locomotive, and international opportunities will be seen in train control.

$WAB {{ '2016-07-25T16:23:46+0000' | timeago}} • Webcast

During 2Q16, $WAB's sales fell 15% to $724MM vs. 2Q15, hurt by difficult market conditions, especially in Freight segment. Freight sales fell 26% or about $145MM due to lower sales from PTC, Freight OVM, Freight aftermarkets and other segment products. Transit sales rose in 2Q16, driven by organic sales growth of about 14% & acquisitions of $6MM.

$WAB {{ '2016-07-25T16:06:19+0000' | timeago}} • Webcast

$WAB said that it saw traffic decline during 2Q16, due to which it is lowering its naphtha assumption for freight cars and locomotives to about 60,000 cars and about 900 locomotives. These along with decreased traffic, represent a headwind of about $200MM in revenue. According to $WAB, the transit markets remain stable both in US and abroad.

$WAB {{ '2016-07-25T15:46:02+0000' | timeago}} • Webcast

$WAB said that during 2Q16, it continued to make progress on its planned acquisition of Faiveley Transport, a provider of value-added integrated systems and services for the railway industry. The company expects to obtain competition authority approvals late in 3Q16 and to close the acquisition in 4Q16.

Recent Transcripts

KSU (Kansas City Southern)
Friday, July 21 2017 - 12:45pm
GE (General Electric Company)
Friday, July 21 2017 - 12:30pm
IIIN (Insteel Industries Inc.)
Thursday, July 20 2017 - 2:00pm
UNP (Union Pacific Corporation)
Thursday, July 20 2017 - 12:45pm
ABB (ABB Ltd.)
Thursday, July 20 2017 - 12:00pm
CP (Canadian Pacific Railway Limited)
Wednesday, July 19 2017 - 8:30pm
LMT (Lockheed Martin Corporation)
Tuesday, July 18 2017 - 3:00pm
GBX (The Greenbrier Companies, Inc.)
Thursday, June 29 2017 - 3:00pm
UQM (UQM Technologies Inc.)
Thursday, May 11 2017 - 8:30pm
RAIL (FreightCar America Inc.)
Thursday, May 4 2017 - 3:00pm
TSLA (Tesla, Inc.)
Wednesday, May 3 2017 - 9:30pm
STRL (Sterling Construction Co. Inc.)
Wednesday, May 3 2017 - 1:00pm
EMR (Emerson Electric Co.)
Tuesday, May 2 2017 - 6:00pm
LBY (Libbey Inc.)
Tuesday, May 2 2017 - 3:00pm
GWR (Genesee & Wyoming Inc.)
Tuesday, May 2 2017 - 3:00pm
AME (Ametek Inc.)
Tuesday, May 2 2017 - 12:30pm
STS (Supreme Industries Inc.)
Monday, May 1 2017 - 1:00pm
GM (General Motors Company)
Friday, April 28 2017 - 2:00pm
ZEUS (Olympic Steel Inc.)
Friday, April 28 2017 - 1:00pm
F (Ford Motor Co.)
Thursday, April 27 2017 - 1:00pm

AlphaGraphics you may like