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WILMERDING, PA, July 9, 2013 – Wabtec Corporation (NYSE: WAB) today announced that it will report 2013 second quarter results before the U.S. financial markets open on Thursday, July 25. 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, June 26, 2013 – MotivePower, a unit of Wabtec Corporation (NYSE: WAB), signed a contract with the Massachusetts Bay Transportation Authority (MBTA) to supply 13 additional, next-generation HSP46 passenger locomotives to be delivered in 2014. The locomotives, which will be compliant with EPA Tier 3 and FTA Buy America, are manufactured in Boise, Idaho with major components supplied by GE Transportation of Erie, Pa.
 
The new contract follows previous orders for 27 locomotives and is valued at over $70 million including training, manuals and spare parts. GE has worked closely with MotivePower on design, integration and testing. Major components supplied by GE from its Erie and Grove City, Pa. facilities include diesel engines, head-end power systems, computer control systems and its unique individual-axle AC traction systems.
 
The new HSP46 design provides dramatically improved fuel efficiency, reduced emissions and lower life-cycle costs compared to the existing MBTA locomotives. The new locomotives include the following components and systems manufactured by Wabtec units: FastBrake® electronic air brakes, air compressors, event recorders, tread brake units, brake shoes, aftercoolers and radiators.
 
Albert J. Neupaver,...

WILMERDING, PA, June 5, 2013 – Wabtec Corporation (NYSE: WAB) said its MotivePower subsidiary has received an order to build six additional locomotives for CFCLA Rail JV Pty Ltd., a joint venture of CFCL Australia Pty. Limited and Marubeni Corporation of Tokyo, Japan. In 2012, the company ordered 10 MotivePower locomotives.
 
CFCL Australia is the leading locomotive and freight car lessor in Australia, and Marubeni is a Japanese company with interests in transportation and a variety of other industries.
 
The six additional locomotives, to be delivered in 2014, will be MotivePower’s standard gauge MP33C international model, the same type as the initial 10 units. The locomotives, which are among the most fuel-efficient and environmentally friendly in the world, will include components from a number of other Wabtec divisions.
 
Albert J. Neupaver, Wabtec’s chairman and chief executive officer, said: “This additional order demonstrates CFCLA’s confidence in our locomotive product, and builds on Wabtec’s strong presence in Australia. These locomotives will meet our customers’ needs for more-efficient equipment, and will position Wabtec for similar opportunities globally.”
 
Through its Wabtec Australia...

WILMERDING, PA, May 14, 2013 – Wabtec Corporation (NYSE: WAB) named Albert J. Neupaver chairman and chief executive officer, and Raymond T. Betler president and chief operating officer, effective today.
 
Neupaver, 62, has been Wabtec’s president and CEO, and a board member, since 2006. He succeeds William E. Kassling as chairman of the board and will also remain CEO. Kassling will remain on the board in the role of Lead Director, after being elected for a new, three-year term at today’s annual shareholders meeting.
 
Betler, 57, joined Wabtec in 2008 as vice president and group executive of the company’s Transit Group and was promoted to chief operating officer in 2010. As president and COO, he will assume additional responsibility for Wabtec’s day-to-day operations, including functional areas such as finance, human resources, corporate development and legal. He has more than 30 years of experience in the transportation industry.
 
Neupaver said: “Ray’s promotion to president and COO marks an important step in our ongoing succession planning process and recognizes the vital role he has played since joining the company. He has strong leadership...

WILMERDING, PA, May 14, 2013 – Shareholders of Wabtec Corporation (NYSE: WAB) today approved the company’s proposals at its annual meeting, and the company’s Board of Directors approved a two-for-one stock split and a 60 percent dividend increase.
 
The stock split will be in the form of a 100 percent stock dividend, to be paid June 11, 2013 to shareholders of record June 3, 2013. Shareholders will receive one additional share of Wabtec common stock for each share they own on the record date. The company expects its common stock to begin trading at the split-adjusted price on June 12, 2013.
 
The board also increased Wabtec’s quarterly, split-adjusted dividend by 60 percent, to 4 cents per share, compared to an equivalent dividend of 2.5 cents per share prior to the split. The new dividend is payable Aug. 30, 2013 to shareholders of record Aug. 16, 2013. This is the third consecutive year the board has increased Wabtec’s dividend.
 
Albert J. Neupaver, Wabtec’s chairman and chief executive officer, said: “We believe our current financial performance and future outlook provides the company with...

WILMERDING, PA, May 1, 2013 – Wabtec Corporation (NYSE: WAB) declared its regular quarterly dividend of 5 cents per share, payable on May 31, 2013 to holders of record on May 17, 2013.
 
Wabtec Corporation is a global provider of value-added, technology-based products and services for rail and other industrial markets. 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. The company has facilities located throughout the world.

WILMERDING, PA, April 30, 2013 – Wabtec Corporation (NYSE: WAB) received an additional order to provide electronically controlled pneumatic (ECP) braking equipment for freight cars and locomotives operated by Rio Tinto, a leading international mining company, in Australia. The order, valued at about $15 million, includes equipment and software.
 
Previously, Wabtec received orders to provide ECP equipment for Rio Tinto to retrofit its fleet of iron ore freight cars and certain locomotives. Equipment under the new order is scheduled to be delivered during 2013.
 
“Heavy-haul railroads around the world have proven the advantages of electronic braking in commercial service,” said Albert J. Neupaver, Wabtec’s president and chief executive officer. “Continued investment in this technology demonstrates that railroads can deploy ECP to reduce cycle times and improve train handling, among other operational benefits.”
 
With standard pneumatic brake equipment, the brakes are applied and released throughout the train sequentially, one car after another. ECP equipment uses an electronic signal to apply and release the brakes simultaneously throughout the train. As a result, ECP-equipped trains can operate safely at higher speeds with up to...

WILMERDING, PA, February 19, 2013 – Wabtec Corporation (NYSE: WAB) today reported record results for its 2012 fourth quarter and full-year, including the following highlights:

  • In the fourth quarter, earnings per diluted share were a record $1.34, 40 percent higher than the year-ago quarter. Sales increased to a record $610 million, driven by higher sales in the company’s Transit Group.
  • Income from operations in the fourth quarter was $101 million, or 16.5% of sales, compared to $73 million, or 13.6% of sales in the year-ago fourth quarter.
  • For the full year, Wabtec had sales of $2.4 billion and earnings per diluted share of $5.19, both records. For the full year, the company generated cash flow from operations of $237 million, or 9.9 percent of sales.
  • At year-end, the company had cash of $216 million and debt of $317 million.
  • During the fourth quarter, Wabtec repurchased 231,100 shares of its common stock for about $19 million. During 2012, the company repurchased 607,400 shares for about $47 million.

 
Also today, Wabtec issued 2013 guidance for earnings per diluted share of about $5.85, with revenues expected to increase 8-10 percent for...

WILMERDING, PA, Feb. 1, 2013 –Wabtec Corporation (NYSE: WAB) has acquired Napier Turbochargers Ltd., a UK-based provider of turbochargers and related parts for the worldwide power generation and marine markets. Napier has annual sales of about $55 million. Wabtec expects the transaction to be accretive in the first year.
 
Based in Lincoln, England, Napier designs and manufactures turbochargers for high horsepower engines used mainly in generator sets. The company provides replacement parts and services for its large installed base of products around the world. Napier’s customers include a variety of original equipment engine manufacturers and end-users. The company has about 150 employees.
 
Albert J. Neupaver, Wabtec’s president and chief executive officer, said: “Napier is a strong strategic fit with Wabtec. The company offers highly skilled engineering and technical capabilities, has a reputation for quality products and services, and is well positioned in growing markets. In addition, its large installed base provides a recurring aftermarket revenue stream. We also expect to take advantage of the company’s global presence and growth opportunities in key markets, such as Asia.”
 
Wabtec Corporation is a global...

WILMERDING, PA, Jan. 28, 2013 – Wabtec Corporation (NYSE: WAB) declared its regular quarterly dividend of 5 cents per share, payable on March 1, 2013 to holders of record on Feb. 15, 2013.
 
Wabtec Corporation is a global provider of value-added, technology-based products and services for rail and other industrial markets. 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. The company has facilities located throughout the world.

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