Wabtec Corp. Stock Price, News & Analysis

Wabtec (NYSE: WAB) has announced its Board of Directors' declaration of a regular quarterly dividend. Shareholders will receive $0.25 per share as dividend payment. The dividend will be paid on March 7, 2025, to stockholders who are recorded as holders as of February 21, 2025.

Wabtec (NYSE: WAB) has secured an agreement to provide KinetiX Inspection Technologies to SNCF Voyageurs, France's national railway company. The deal expands KinetiX Systems' presence across 13 SNCF Technicentres in France, adding TreadView, WheelView, and BrakeView inspection systems to existing axle maintenance and acoustic bearing monitoring capabilities.

The KinetiX system provides real-time, automated contactless inspection monitoring of rail assets, capable of operating at speeds up to 120 km/h. The technology integrates machine vision, laser scanning, remote sensing with acoustic and thermal technology, load monitoring, and AI-driven analytics to evaluate key railcar components including wheels, brakes, bearings, air hoses, pantographs, and cross keys.

Wabtec will provide dedicated implementation support, guiding SNCF Voyageurs from installation through ongoing maintenance of the technology suite.

Wabtec (NYSE: WAB) has secured a $248 million order for Evolution Series ES43ACmi locomotives and services from Winning Consortium Simandou (WCS) for their iron ore operations in Guinea. This follows a previous order from SimFer, bringing the combined value to over half a billion dollars, marking one of Wabtec's largest international locomotive deals in five years.

The ES43ACmi locomotives feature a 4,500HP Evolution Series engine, dual-cab design, and meet UIC 3a and EPA Tier 3 emission standards. Deliveries will begin in 2025. The locomotives will operate on the 600-km TransGuinéen Railway, connecting the Simandou mine to the Port of Morebaya. The project involves WCS developing blocks #1 and #2 of the Simandou deposit, containing over 1.8 billion tonnes of estimated iron ore reserves.

Wabtec (NYSE: WAB) has announced a definitive agreement to acquire Evident's Inspection Technologies division for $1.78 billion (~$1.68 billion after tax benefits). The acquisition target, formerly part of Olympus , is expected to generate approximately $433 million in revenue for 2024, with EBITDA of $112 million (25.9% margin).

The deal represents a 12.0x multiple of projected 2025 EBITDA, with anticipated run-rate cost synergies of $25 million. Inspection Technologies brings a stable revenue base with approximately 68% recurring revenue and will double Wabtec's total addressable market from $8 billion to $16 billion.

The transaction is expected to close by the end of first half 2025, subject to regulatory approvals. The acquisition aligns with Wabtec's growth strategy, enhancing its Digital Intelligence business with advanced automated inspection capabilities and expanding its presence in rail, mining, and industrial sectors.

Wabtec (NYSE: WAB) has scheduled its fourth quarter 2024 earnings release for February 12, 2025, before U.S. markets open. The company will host a conference call with analysts and investors at 8:30 a.m. ET on the same day to discuss the results. Interested parties can access the webcast through Wabtec's website in the Investor Relations section under 'Events & Presentations'. An audio replay will be available via phone at 1-877-344-7529 or 1-412-317-0088 using access code 3404117.

Wabtec (NYSE: WAB) has acquired Bloom Engineering for $69 million in cash during Q4, strengthening its heat transfer and energy solutions portfolio. Bloom Engineering, a leader in industrial heating applications, will join Wabtec's Freight & Industrial Components Group, bringing expertise in burners, combustion systems, and services for industrial heating.

The acquisition, financed through cash on hand and a revolving credit facility, is expected to be immediately accretive to EPS excluding transaction costs, with synergies anticipated over the next three years. The combination aims to accelerate global growth in this profitable segment while providing enhanced value to customers through improved efficiency and sustainability solutions.

Wabtec (NYSE: WAB) announced strategic acquisitions of Fanox and Kompozitum for its Transit Business in a combined $110-million cash transaction. The Fanox acquisition enhances Wabtec's specialized relay production capabilities for train operations, while Kompozitum strengthens its pantograph portfolio manufacturing efficiency and opens new markets for carbon and graphite solutions. The acquisitions, financed through cash on hand and a revolving credit facility, are expected to be immediately accretive to EPS excluding transaction costs and drive strong synergies.

Wabtec (NYSE: WAB) reported strong Q3 2024 results with sales growth of 4.4% to $2.66 billion. The company achieved GAAP earnings per diluted share of $1.63, up 22.6%, and adjusted earnings per diluted share of $2.00, up 17.6% year-over-year. Operating performance improved with GAAP operating margin at 16.3% and adjusted operating margin up 1.8 points to 19.7%. The company generated $542 million in operating cash flow and returned $634 million to shareholders through share repurchases and dividends. Based on strong performance, Wabtec raised its 2024 adjusted EPS guidance to $7.45-$7.65, representing a 27.5% increase from 2023 at the midpoint.

Wabtec (NYSE: WAB) has secured a $405-million agreement with Kazakhstan Temir Zholy (KTZ) to supply Evolution Series ES44ACi locomotives. This deal aims to upgrade KTZ's aging fleet and support growing rail demand in the region. The locomotives feature a 12-cylinder, 4,500-horsepower engine, designed to operate in Kazakhstan's extreme weather conditions and mountainous terrain.

The ES44ACi offers improved efficiency, reliability, and operational savings, with longer periods between maintenance overhauls. The locomotives will be built at Wabtec's Lokomotiv Kurastyru Zauyty plant in Astana, which employs over 700 people and meets global quality standards. Delivery of the first locomotives is set to begin next year, joining KTZ's existing fleet of approximately 451 Evolution Series freight locomotives.