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Westinghouse Air Brake Technologies Corp (WAB.N)

WAB.N on New York Stock Exchange

101.42USD
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Change (% chg)

$-1.19 (-1.16%)
Prev Close
$102.61
Open
$102.35
Day's High
$102.42
Day's Low
$101.28
Volume
20,000
Avg. Vol
172,200
52-wk High
$104.11
52-wk Low
$69.22

Latest Key Developments (Source: Significant Developments)

Wabtec And GE Transportation To Merge in $11.1 Bln Deal
Monday, 21 May 2018 

May 21 (Reuters) - Wabtec Corp ::WABTEC AND GE TRANSPORTATION TO MERGE.WABTEC - TRANSACTION IS VALUED AT APPROXIMATELY $11.1 BILLION.WABTEC - GE WILL BE PAID A $2.9 BILLION UP-FRONT CASH PAYMENT.WABTEC - WHEN ADJUSTED FOR NET TAX BENEFIT OF $1.1 BILLION ACCRUING TO COMBINED COMPANY, THE TRANSACTION VALUE IS $10 BILLION.WABTEC - WABTEC CHAIRMAN, ALBERT J. NEUPAVER HAS BEEN RE-APPOINTED EXECUTIVE CHAIRMAN.WABTEC - GE, SHAREHOLDERS WILL RECEIVE ABOUT 50.1% OF THE FULLY DILUTED OUTSTANDING SHARES OF WABTEC.WABTEC - CEO RAYMOND T. BETLER WILL REMAIN PRESIDENT AND CEO OF THE MERGED COMPANY.WABTEC - GE HAS THE RIGHT TO INCREASE PORTION OF MERGED COMPANY OWNED BY GE SHAREHOLDERS.WABTEC - TRANSACTION IS EXPECTED TO BE TAX FREE TO COS' RESPECTIVE SHAREHOLDERS.WABTEC - UPON DEAL CLOSING, WABTEC SHAREHOLDERS WILL OWN ABOUT 49.9% OF FULLY DILUTED OUTSTANDING SHARES OF WABTEC.WABTEC - FOLLOWING COMPLETION OF TRANSACTION, WABTEC’S CORPORATE HEADQUARTERS WILL REMAIN IN WILMERDING, PENNSYLVANIA - SEC FILING.WABTEC - DEAL TO GENERATE ANNUAL RUN-RATE SYNERGIES OF $250 MILLION.WABTEC - FOLLOWING DEAL CLOSE, CO'S FREIGHT SEGMENT WILL BE HEADQUARTERED IN CHICAGO.WABTEC - FOLLOWING DEAL CLOSE, CO'S TRANSIT SEGMENT HEADQUARTERS WILL REMAIN IN PARIS.WABTEC - AS PART OF DEAL, GE TO SELL PORTION OF ASSETS OF GE TRANSPORTATION TO WABTEC.WABTEC - AS PART OF DEAL, GE TO ALSO COMPLETE SPIN-OFF OR SPLIT-OFF OF PORTION OF GE TRANSPORTATION TO GE SHAREHOLDERS.  Full Article

Wabtec Sees 2018 Revenue To Be About $4.1 Billion
Monday, 7 May 2018 

May 7 (Reuters) - Westinghouse Air Brake Technologies Corp ::WABTEC PLANS TO AFFIRM 2018 FINANCIAL GUIDANCE AND LONG-TERM FINANCIAL TARGETS AT INVESTOR DAY.SEES FY 2018 REVENUE ABOUT $4.1 BILLION.FY2018 EARNINGS PER SHARE VIEW $3.87, REVENUE VIEW $4.19 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Wabtec Acquires Annax
Monday, 26 Mar 2018 

March 26 (Reuters) - Westinghouse Air Brake Technologies Corp ::WABTEC ACQUIRES ANNAX, A LEADING SUPPLIER OF PUBLIC ADDRESS AND PASSENGER INFORMATION SYSTEMS FOR TRANSIT VEHICLES.  Full Article

Wabtec Signs Contract Worth $5 Mln To Provide Yard Train Control For RUMO In Brazil
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Westinghouse Air Brake Technologies Corp ::WABTEC SIGNS CONTRACT WORTH $5 MILLION TO PROVIDE YARD TRAIN CONTROL FOR RUMO IN BRAZIL.WABTEC CORP - INSTALLATION UNDER CONTRACT IS EXPECTED TO BE COMPLETED BY END OF 2018.  Full Article

WESTINGHOUSE AIR BRAKE TECHNOLOGIES Q3 ADJ SHR $0.88 EXCLUDING ITEMS
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Westinghouse Air Brake Technologies Corp ::WABTEC REPORTS RESULTS FOR 3Q, UPDATES GUIDANCE.Q3 ADJUSTED EARNINGS PER SHARE $0.88 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE $0.70.Q3 EARNINGS PER SHARE VIEW $0.84 -- THOMSON REUTERS I/B/E/S.SEES FY 2017 EARNINGS PER SHARE $3.45 TO $3.50 EXCLUDING ITEMS.SEES FY 2017 REVENUE ABOUT $3.8 BILLION.Q3 SALES $958 MILLION VERSUS I/B/E/S VIEW $946 MILLION.FY2017 EARNINGS PER SHARE VIEW $3.53, REVENUE VIEW $3.84 BILLION -- THOMSON REUTERS I/B/E/S.WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP - ‍COMPANY'S 12-MONTH BACKLOG, A SUBSET OF TOTAL, INCREASED 5 PERCENT TO $2.2 BILLION​ AT QUARTER-END.WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP SAYS ‍ADJUSTED OPERATING MARGIN TARGET IN Q4 IS ABOUT 15 PERCENT​.  Full Article

Faiveley Transport signs contracts to provide components for new Paris trains
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Westinghouse Air Brake Technologies Corp :Faiveley Transport signs contracts to provide components/systems for new Paris trains.Says ‍subsidiary has been awarded contracts worth more than $100 million by Alstom and Bombardier Transportation​.Says ‍deliveries are expected to start by September 2018 and to be completed by 2022​.  Full Article

Wabtec reports Q3 results 2016
Tuesday, 25 Oct 2016 

Westinghouse Air Brake Technologies Corp : Wabtec reports 3q results, updates guidance, modifies terms for acquisition of faiveley transport . Q3 adjusted earnings per share $0.94 excluding items . Q3 earnings per share $0.91 . Sees fy 2016 revenue down about 12 percent . Q3 sales $676 million versus I/B/E/S view $720.9 million . Q3 earnings per share view $0.99 -- Thomson Reuters I/B/E/S . Westinghouse air brake technologies corp - fy earnings per diluted share are now expected to be between $4.00-$4.04 . Fy2016 earnings per share view $4.13 -- Thomson Reuters I/B/E/S . Westinghouse air brake technologies corp says expects to complete purchase of Faiveley family stake in November . Westinghouse air brake technologies corp says Wabtec, Faiveley have extended term of agreements to Dec. 31, 2016, from original date of Oct. 27, 2016 .Westinghouse air brake technologies corp says Wabtec will acquire faiveley family stake for Eur 100 per share.  Full Article

UPDATE 3-GE cannot guarantee dividend, still fixing some units, CEO says

NEW YORK, May 23 General Electric Co cannot guarantee its 2019 dividend and is still fixing its power and capital units, Chief Executive John Flannery said on Wednesday, sending the industrial conglomerate's stock down nearly 8 percent.