Press Releases

Wabtec Corporation (NYSE: WAB) today reported fourth quarter 2021 GAAP earnings per diluted share of $1.02, up 121.7% versus the fourth quarter of 2020. Adjusted earnings per diluted share were $1.18, up 20.4% versus the same quarter a year ago. Fourth quarter sales were $2.07 billion and cash from operations was $314 million. Full year 2021 earnings per diluted share was $2.96, up 36.4% versus full year 2020. Full year adjusted earnings per diluted share were $4.26, up 12.4% versus full year 2020. Total 2021 sales were $7.82 billion and cash from operations was a record high of $1.07 billion

Union Pacific Railroad (NYSE: UNP) today announced the purchase of 10 FLXdrive battery-electric locomotives from Wabtec Corporation (NYSE: WAB). The order, which marks the largest investment in battery technology by a North American railroad, will upgrade Union Pacific’s rail yard infrastructure and support its commitment to significantly reduce greenhouse gas emissions.

Wabtec continues to build upon the its commitment to foster a culture of diversity, inclusion and belonging as outlined in its 2021 Sustainability Report. For the second year in a row, the company was recognized in the Human Rights Campaign Foundation’s 2022 Corporate Equality Index (CEI), the standard for measuring policies and practices that promote a LGBTQ-inclusive workplace.

MELBOURNE, Australia and PITTSBURGH, January 17, 2022 — Wabtec Corporation (NYSE: WAB) announced an order from BHP Western Australia Iron Ore (WAIO) for two FLXdrive battery locomotives. The deal builds momentum in the market for the world’s first 100-percent, battery-powered locomotive and supports the Australia-based natural resource company’s plan to decarbonize its rail network.

Wabtec Corporation (NYSE: WAB) announced it will report 2021 fourth quarter results before the
U.S. financial markets open on February 16, 2022. The company will conduct a conference call to discuss those results with analysts and investors at
8:30 a.m. ET the same day.

PITTSBURGH, January 10, 2022 — Wabtec Corporation (NYSE: WAB) and Rio Tinto announced today an order for four FLXdrive battery-electric locomotives to support sustainable operations of the mining company’s rail network in the Pilbara region of Western Australia. The 100-percent, battery-powered locomotive will help Rio Tinto’s effort to achieve a 50-percent reduction in Scope 1 and 2 carbon emissions by 2030.

Hosur, Tamil Nadu, January 4, 2022 — Wabtec Corporation (NYSE: WAB) today announced it recently acquired the railway friction business from MASU, a leading manufacturer of friction products across the automotive and rail industry. The acquisition, which has received necessary regulatory approvals and is subject to customary closing conditions, will expand Wabtec’s installed base and accelerate growth across its brake product portfolio.

MUMBAI, December 15, 2020 – Wabtec Corporation (NYSE: WAB), announced today its locomotive plant in Marhowrah, Bihar was recognized for the Best Skill Development Program at the Tata Institute of Social Science (TISS)-Leapvault CLO Awards India. The award honors the investment Wabtec made in its employees through learning and skill development initiatives.

PITTSBURGH Dec 10, 2021 — Wabtec Corporation (NYSE: WAB) announced today the successful test of its Collision Awareness System (CAS) Vehicle Intervention Solution, with Komatsu, a global provider of mining equipment, technology and automated solutions. The test results are a significant safety milestone in the mining industry.

PARIS, December 1, 2021 - Lilian Leroux, Roberto Tione and Paolo Pagliero have officialized Wabtec's participation in Europe’s Rail Joint Undertaking (ERJU) as a founding member. A follow-up to the Shift2Rail initiative, ERJU is a partnership between Europe’s major railway players that aims to modernize and green the European railway system.

PITTSBURGH, November 25, 2021 -- Wabtec Corporation (NYSE: WAB) announced today it will supply SNCF, the French national railway company, with Cold Movement Detection (CMD) technology for the operator’s latest generation of high-speed trains. The technology is an important component of the onboard European Train Control System (ETCS), promoted by the European Commission to enable interoperability across the European Union.

Wabtec's India Engineering and Technology Center (WITEC) has received the Great Place to Work® certification. This endorsement recognizes Wabtec’s focus on building a great culture and an employer of choice in rail technologies.

Pittsburgh, Nov 15, 2021 – Wabtec Corporation (NYSE: WAB) released today its 2021 Sustainability Report, which highlights the company’s accomplishments and commitments to building a more sustainable future by developing innovative technologies, driving responsible operations, and empowering people and communities around the globe.

PITTSBURGH, Nov. 8, 2021 — Wabtec (NYSE: WAB) signed today contracts with Egyptian National Railways (ENR) to supply 100 ES30ACi Evolution Series Locomotives, as well as a multi-year service agreement to maintain the fleet. The agreement supports ENR’s continued modernization effort by providing the latest, fuel-efficient locomotives needed for the growing demands on Egypt’s rail infrastructure. The locomotive supply contract is funded by the European Bank for Reconstruction and Development.

CN (TSX: CNR) (NYSE: CNI) is proud to announce its purchase of Wabtec’s FLXdrive battery-electric freight locomotive, the first 100 percent battery heavy-haul locomotive for the region in support of CN’s sustainability goals. This new technology is a key component in achieving an effective transition to a lower carbon future.