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Westinghouse Air Brake Technologies Corp - WAB STOCK NEWS

Welcome to our dedicated news page for Westinghouse Air Brake Technologies (Ticker: WAB), a resource for investors and traders seeking the latest updates and insights on Westinghouse Air Brake Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Westinghouse Air Brake Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Westinghouse Air Brake Technologies's position in the market.

Rhea-AI Summary
Wabtec reported strong first quarter 2024 results with GAAP earnings per share of $1.53, up 64.5%, and adjusted earnings per share of $1.89, up 47.7%. Sales grew by 13.8% to $2.50 billion. The company raised its full-year guidance for 2024, expecting adjusted EPS between $7.00 to $7.40, a 21.6% increase at the mid-point from 2023. Wabtec's President and CEO highlighted the momentum, increased earnings, and strong orders pipeline for profitable growth ahead.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.04%
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Rhea-AI Summary
Wabtec (NYSE: WAB) has secured a digital solutions agreement with Australian Rail Track (ARTC) to address the interoperability of rail systems in Australia. The collaboration aims to develop an interoperability standard between ARTC's Advanced Train Management System (ATMS) and European Rail Traffic Management System (ETCS) Level 2, enhancing safety and competitiveness in Australia's national rail network.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
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none
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Rhea-AI Summary
Wabtec (NYSE: WAB) will release its 2024 first quarter results on April 24, 2024, followed by a conference call with analysts and investors. The call can be accessed through the company's website or by phone for an audio replay.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.36%
Tags
Rhea-AI Summary
Wabtec Corporation appoints Kyra Yates as Vice President of Investor Relations, succeeding Kristine Kubacki. Yates brings extensive financial and operational experience to communicate the company's vision, strategy, and financial performance to shareholders and the financial community.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.07%
Tags
management
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Rhea-AI Summary
Wabtec (WAB) launches Shuttlewagon Commander NXT, a next-gen railcar mover offering improved performance and efficiency. The NXT series features advanced technology like ShuttleLaunch, narrow frame, and dual-rail wheel design for enhanced navigation in challenging terrains. With tractive efforts from 26,000 lbs to 41,300 lbs, the Commander NXT caters to diverse operational needs, marking a significant advancement in the railcar moving industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.01%
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none
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Rhea-AI Summary
Wabtec Corporation (WAB) announces a public offering of $500 million aggregate principal amount of 5.611% Senior Notes due 2034. The Notes will be guaranteed by current and future subsidiaries, paying interest semi-annually and maturing on March 11, 2034. Proceeds will be used to repay outstanding 4.15% Senior Notes due 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.01%
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none
Rhea-AI Summary
MRS Logística and Wabtec Corporation announce a R$500 million deal for 30 new Evolution Series locomotives, enhancing efficiency and sustainability in rail transport. The agreement strengthens their long-standing relationship, with deliveries starting in 2024. The advanced technology of the ES44ACi locomotives aims to reduce emissions and operating costs, aligning with global sustainability efforts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.24%
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none
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Rhea-AI Summary
Wabtec Corporation (NYSE: WAB) reported strong financial results for Q4 2023 with GAAP EPS of $1.20, up 39.5%, and adjusted EPS of $1.54, up 18.5%. Sales grew by 9.5% to $2.53 billion, with full-year 2023 sales reaching $9.68 billion. Operating cash flow for Q4 was $686 million, and the company announced a $1.0 billion share buyback program and a 17.6% dividend increase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
Tags
-
Rhea-AI Summary
Wabtec Corp. and CSX Corp. signed a deal for over 200 locomotive modernizations, enhancing fuel efficiency, reliability, and reducing carbon emissions. The agreement aims to improve operational performance and sustainability goals for CSX's fleet. Wabtec will provide innovative solutions to upgrade locomotives, leading to significant fuel savings and carbon reduction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
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none
Rhea-AI Summary
Wabtec Corporation secures a significant order to provide sustainable HVAC units and efficient door systems for Norske Tog's new regional trains in Norway. The order includes Green Air HVAC systems with natural refrigerant, offering industry-leading performance in comfort, cost-effectiveness, and environmental stewardship. The company will supply components to Alstom for up to 200 Coradia Stream™ trains, with deliveries starting in early 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
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none
Westinghouse Air Brake Technologies Corp

NYSE:WAB

WAB Rankings

WAB Stock Data

25.85B
174.95M
1.03%
94.38%
1.07%
Railroad Rolling Stock Manufacturing
Manufacturing
Link
US
Pittsburgh

About WAB

wabtec corporation is a transportation/trucking/railroad company headquarters at 1001 airbrake ave, wilmerding, pa 15148