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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...

WILMERDING, PA, July 24, 2014 – Wabtec Corporation (NYSE: WAB) today reported record results for the 2014 second quarter, including the following:

  • Second quarter sales were a record $731 million, 15 percent higher than the year-ago quarter, due to strong growth in both the Freight and Transit segments.
  • Income from operations was a record $132 million, or 18.1 percent of sales, compared to 17.6 percent in the year-ago quarter.
  • Earnings per diluted share were a record 91 cents, which was 18 percent higher than the year-ago quarter.
  • Cash flow from operations in the quarter was $111 million, or 15 percent of sales. At June 30, 2014, the company had cash of $226 million and debt of $501 million. During the quarter, the company repurchased 194,700 shares of company stock for $14 million. Based on Wabtec’s first half results and outlook for the rest of the year, the company increased its 2014 guidance for earnings per diluted share to about $3.52, with revenues expected to be up about 15 percent for the year.

 
Albert J. Neupaver, Wabtec’s executive chairman, said: “The company had a strong operating quarter, with record...

WILMERDING, PA, July 10, 2014 – Wabtec Corporation (NYSE: WAB) today announced that it will report 2014 second quarter results before the U.S. financial markets open on Thursday, July 24. 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 6, 2014 – Wabtec Corporation (NYSE: WAB) has completed the previously announced acquisition of Fandstan Electric Group Ltd., a leading rail and industrial equipment manufacturer, for about $220 million. Based in London, England, Fandstan Electric has annual sales of about $245 million.
 
Fandstan Electric designs, manufactures and installs electrical current and data collection products for a variety of markets, including rail and tram transportation, industrial and energy. The company’s highly engineered products include pantographs, third rail shoe gears, electrical contacts and brush holders, and its brand names include Brecknell Willis, Stemmann Technik and TransTech. Fandstan Electric has about 1,000 employees and operations in the U.K., Europe, China, Australia, and the U.S.
 
Raymond T. Betler, Wabtec’s president and chief executive officer, said: “Fandstan Electric fits all of our strategic growth initiatives: global and market expansion, aftermarket expansion, and new products and technologies. We’re pleased to add the company to our portfolio and eager to begin working with its management team to continue to grow and improve the business.”
 
Wabtec Corporation is a global provider of value-added, technology-based products and...

WILMERDING, PA, May 14, 2014 – Wabtec Corporation (NYSE: WAB) today increased its regular quarterly dividend to 6 cents per share, from 4 cents per share. The new dividend rate will be payable initially Aug. 29, 2014 to shareholders of record Aug. 15, 2014.
 
Albert J. Neupaver, Wabtec’s chairman and chief executive officer, said: “Our current financial performance and future outlook provides 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: Emilio A. Fernandez, Lee B. Foster II and Gary C. Valade.
 
In addition, shareholders ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for the 2014 fiscal year and approved a non-binding proposal relating to executive compensation.
 
Wabtec Corporation is a global provider of value-added, technology-based products and services for rail and industrial...

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