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WILMERDING, PA, April 22, 2015 – Wabtec Corporation (NYSE: WAB) today reported record results for the 2015 first quarter, including the following:

  • First quarter sales were $819 million, 18 percent higher than the year-ago quarter, due to growth in the Freight Group.
  • Income from operations was a record $148 million, or 18.1 percent of sales, compared to 17.5 percent in the year-ago quarter.
  • Earnings per diluted share were a record 99 cents, which was 19 percent higher than the year-ago quarter.
  • At March 31, 2015, the company had cash of $249 million and debt of $421 million. Based on its first quarter results and outlook for the rest of the year, Wabtec increased its 2015 guidance for earnings per diluted share to about $4.10, with revenues expected to be up about 10 percent for the year.

 
Raymond T. Betler, Wabtec’s president and chief executive officer, said: “With a strong first quarter, we’re off to a good start for the year. We will continue to face challenges during the year, including global economic uncertainty and foreign currency exchange headwinds, but we expect to benefit from our strong backlog, and...

WILMERDING, PA, April 15, 2015 – Wabtec Corporation (NYSE: WAB) will report 2015 first quarter results before the U.S. financial markets open on Wednesday, April 22. The company will conduct a conference call to discuss those results with analysts and investors at 10 a.m. the same day. To listen to the call via webcast, please go to www.wabtec.com and click on the “Investor Relations” and “Webcasts” tabs of the site. An audio replay of the call will also be available by calling 412-317-0088 (passcode: 466#).
 
Wabtec Corporation is a global provider of value-added, technology-based products and services for the rail and transit industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services. Tim

WILMERDING, PA, May 13, 2015 – Wabtec Corporation (NYSE: WAB) today increased its regular quarterly dividend to 8 cents per share, from 6 cents per share. The new dividend rate will be payable initially Aug. 31, 2015 to shareholders of record Aug. 17, 2015.
 
Raymond T. Betler, Wabtec’s president and chief executive officer, said: “Based on our current financial performance and future outlook, the company has ample financial strength to invest in growth opportunities and to return a greater portion of our cash flow to shareholders. We intend to continue to review our policies periodically based on Wabtec’s ongoing performance and growth prospects.”
 
Also today, at the company’s annual meeting in Pittsburgh Wabtec shareholders elected three directors and approved other company proposals. Directors elected were: Brian P. Hehir, Michael W.D. Howell, and Nickolas W. Vande Steeg.
 
In addition, shareholders ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for the 2015 fiscal year and approved a non-binding proposal relating to executive compensation.
 
Wabtec Corporation is a global provider of value-added, technology-based...

WILMERDING, PA, February 18, 2015 – Wabtec Corporation (NYSE: WAB) today reported record results for 2014, including the following: In the fourth quarter, earnings per diluted share were a record 95 cents, 25 percent higher than the year-ago quarter.

  • Sales for the fourth quarter increased 20 percent to a record $821 million, driven by higher sales in both the Freight and Transit groups.
  • ncome from operations in the fourth quarter was a record $137 million or 16.7% of sales, compared to $111 million or 16.3% of sales in the year-ago fourth quarter.
  • For the full year, Wabtec had sales of $3.04 billion, income from operations of $527 million or 17.3% of sales, and earnings per diluted share of $3.62, all records. For the full year, the company generated cash flow from operations of $472 million, which exceeded net income of $352 million.
  • At year-end, the company had cash of $426 million and debt of $520 million.
  • In 2014, Wabtec repurchased 346,800 shares of its common stock for about $27 million.

 
Also today, Wabtec issued 2015 guidance for earnings per diluted share of about $4.05, with revenues expected to...

WILMERDING, PA, February 4, 2015 – Wabtec Corporation (NYSE: WAB) has acquired Railroad Controls L.P., a leading provider of railway signal construction services with annual revenues of about $75 million in 2014. Based in Benbrook, Texas, Railroad Controls L.P. was a subsidiary of RCL Services Group, LLC.
 
Railroad Controls provides railway signal construction services to freight and passenger railroads in North America. The company’s capabilities include installation of grade crossing warning signals, wayside and interlocking signals, and Positive Train Control-related equipment.
 
Raymond T. Betler, Wabtec’s president and chief executive officer, said: “In recent years we have expanded our presence in signal design, engineering, project management and construction through organic growth initiatives and the acquisitions of Xorail and C2CE. Railroad Controls further strengthens our turnkey capabilities in this key market segment and provides technical expertise that complements our existing electronics, signaling and train control offerings.”
 
Railroad Controls has about 500 employees, and its management team has extensive experience with Class I railroads in the U.S.
 
Wabtec Corporation is a global provider of value-added, technology-based products and services for rail...

WILMERDING, PA, February 3, 2015 – Wabtec Corporation (NYSE: WAB) declared its regular quarterly dividend of 6 cents per share, payable on Feb. 27, 2015 to holders of record on Feb. 13, 2015.
 
Wabtec also said it will report 2014 fourth quarter and full-year results before the U.S. financial markets open on Wednesday, Feb. 18. The company will conduct a conference call to discuss those results with analysts and investors at 10 a.m. the same day. To listen to the call via webcast, please go to www.wabtec.com and click on the “Investor Relations” and “Webcasts” tabs of the site. An audio replay of the call will also be available by calling 412-317-0088 (passcode: 466#).
 
Wabtec Corporation is a global provider of value-added, technology-based products and services for the rail and transit industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services.

WILMERDING, PA, Oct. 28, 2014 – Wabtec Corporation (NYSE: WAB) today reported record results for the 2014 third quarter, including the following:

  • Third quarter sales were a record $797 million, 26 percent higher than the year-ago quarter, with about half of the growth due to acquisitions. Income from operations was a record $136 million, or 17.1 percent of sales. Earnings per diluted share were a record 93 cents, which was 22 percent higher than the year-ago quarter.
  • Cash flow from operations in the quarter was $93 million, or 12 percent of sales, exceeding net income of $90 million. At Sept. 30, 2014, the company had cash of $213 million and debt of $522 million. During the quarter, the company repurchased 124,600 shares of company stock for $10 million.
  • Total, multi-year backlog increased to a record $2.18 billion, mainly due to new contracts for locomotive overhauls, freight car components and signaling projects; and acquisitions.

 
Based on Wabtec’s year-to-date results and outlook for the rest of the year, the company increased its 2014 guidance for earnings per diluted share to $3.58-$3.62, with revenues expected to be up about 18 percent...

WILMERDING, PA, October 15, 2014 – Wabtec Corporation (NYSE: WAB) declared its regular quarterly dividend of 6 cents per share, payable on Nov. 28, 2014 to holders of record on Nov. 14, 2014.
 
Wabtec also said it will report 2014 third quarter results before the U.S. financial markets open on Tuesday, Oct. 28. The company will conduct a conference call to discuss those results with analysts and investors at 10 a.m. the same day. To listen to the call via webcast, please go to www.wabtec.com and click on the “Investor Relations” and “Webcasts” tabs of the site. An audio replay of the call will also be available by calling 412-317-0088 (passcode: 466#).
 
Wabtec Corporation is a global provider of value-added, technology-based products and services for the rail and transit industry. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services.

WILMERDING, PA, September 3, 2014 – Wabtec Corporation (NYSE: WAB) has acquired C2CE Pty Ltd., a leading provider of railway signal design services in Australia. Based in Perth, Australia, C2CE has annual sales of about $35 million.
 
C2CE provides turnkey train control, signaling and communications solutions, including design, project management, and installation for railway markets in Australia and Southeast Asia. The company also designs and installs high- and low-voltage power distribution systems, and provides electrical and communications solutions for industrial markets such as mining and power generation.
 
Raymond T. Betler, Wabtec’s president and chief executive officer, said: “C2CE’s strong regional presence and technical resources will be an excellent fit with our electronics, signaling and train control capabilities. We expect to leverage the company’s existing customer relationships, as we pursue turnkey projects in this large and growing region.”
 
In addition to Perth, C2CE also has offices in Brisbane and Melbourne, Australia, and in Hong Kong. The company has about 200 employees.
 
Wabtec Corporation is a global provider of value-added, technology-based products and services for rail and other industrial markets....

WILMERDING, PA, August 21, 2014 – Wabtec Corporation (NYSE: WAB) has acquired Dia-Frag, a leading manufacturer of friction products in Brazil. Based in Monte Alto, Brazil, Dia-Frag has annual sales of about $40 million.
 
Dia-Frag manufactures friction products for various markets, with a focus on motorcycle braking equipment. The company’s capabilities include mixing and molding highly differentiated disc brake pads and drum brake shoes, and precision machining and aluminum die casting.
 
Raymond T. Betler, Wabtec’s president and chief executive officer, said: “Wabtec is a worldwide leader in friction products for rail and adjacent niche markets, and Dia-Frag will be a strong strategic addition to this portfolio. The company expands our existing footprint in Brazil with additional manufacturing capabilities, and we expect to leverage its market-leading product line to grow our platforms in other global regions.”
 
Dia-Frag has about 300 employees and a 15,000-square-meter production facility, which Wabtec intends to use as a manufacturing center of excellence for various product lines. The company has a strong aftermarket presence, and its customers also include leading original equipment manufacturers.
 
Wabtec Corporation...

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