Associated tags: Transport, Corporation, Wabtec, Mining, Rail, NYSE, Supply Chain Management, Logistics, Other Transport, Manufacturing, Public Transport
Locations: BRAZIL, SOUTH AMERICA, LATIN AMERICA, GERMANY, EUROPE, MINNESOTA, CHICAGO, AUSTRIA, NEW YORK, NEBRASKA, NEW YORK CITY, KAWASAKI, YONKERS, SOUTH CAROLINA, WESTERN AUSTRALIA, GROVE CITY, NORWAY, ET, USA, TD, UNITED STATES, NORTH AMERICA, CANADA, PENNSYLVANIA
Retrieved on:
Wednesday, April 24, 2024
Public Transport,
Other Transport,
Rail,
Maritime,
Transport,
Manufacturing,
Machinery,
Mining,
Minerals,
Logistics,
Supply Chain Management,
Natural Resources,
Acquisition,
Webcast,
GAAP,
Regulation At March 31, 2024, multi-year backlog was $251 million lower than the prior year period and excluding foreign currency exchange, multi-year backlog decreased $310 million, down 1.4%.
Key Points:
- At March 31, 2024, multi-year backlog was $251 million lower than the prior year period and excluding foreign currency exchange, multi-year backlog decreased $310 million, down 1.4%.
- At the end of the quarter, the Company had cash, cash equivalents and restricted cash of $639 million and total debt of $4.00 billion.
- During the quarter, the Company repurchased $175 million of Wabtec shares and paid $36 million in dividends.
- For full year 2024, Wabtec expects operating cash flow conversion of greater than 90 percent.
Retrieved on:
Wednesday, April 17, 2024
Software,
Mobile,
Wireless,
Networks,
Mining,
Minerals,
Data Management,
Technology,
Natural Resources,
Other Transport,
Rail,
Maritime,
Transport,
Other Technology,
Logistics,
Supply Chain Management,
Digital intelligence,
Wabtec,
Corporation,
Level 2,
ETCS,
ATMS,
Safety,
Government,
Outline,
Australian Rail Track Corporation,
WAB,
ARTC,
Global Positioning System,
GPS The two companies will collaborate on developing one of the few approaches being considered to address interoperability of rail systems in Australia.
Key Points:
- The two companies will collaborate on developing one of the few approaches being considered to address interoperability of rail systems in Australia.
- Wabtec will develop the interoperability standard between ATMS and European Rail Traffic Management System (ETCS) Level 2.
- ARTC and Wabtec will work together with the relevant stakeholders to outline the concept of operations and define the standards to realize the interoperability solution.
- The proposed solution will provide software, systems, and services for ARTC to unlock productivity, advance sustainability, and enhance the safety of ARTC’s operations network spanning approximately 8,500km.
Retrieved on:
Wednesday, March 27, 2024
Manufacturing,
Other Transport,
Public Transport,
Trucking,
Rail,
Mining,
Minerals,
Maritime,
Transport,
Natural Resources,
Other Manufacturing,
Logistics,
Supply Chain Management,
Wabtec,
Webcast,
Corporation Wabtec Corporation (NYSE: WAB) announced it will report 2024 first quarter results before the U.S. financial markets open on April 24, 2024.
Key Points:
- Wabtec Corporation (NYSE: WAB) announced it will report 2024 first quarter results before the U.S. financial markets open on April 24, 2024.
- The company will conduct a conference call to discuss those results with analysts and investors at 8:30 a.m.
- To listen to the call via webcast, visit Wabtec’s website at www.WabtecCorp.com and click on “Events & Presentations” in the “Investor Relations” section.
- An audio replay of the call will be available by calling 1-877-344-7529 or 1-412-317-0088 (access code: 9975952).
Supply Chain Management,
Professional Services,
Other Manufacturing,
Other Transport,
Retail,
Trucking,
Public Relations,
Investor Relations,
Rail,
Communications,
Transport,
Finance,
Logistics,
Manufacturing,
Corporation,
Bellarmine University,
WAB,
Accounting,
CFO,
Management Wabtec Corporation (NYSE: WAB) announced today the appointment of Kyra Yates as Vice President of Investor Relations effective March 18, 2023.
Key Points:
- Wabtec Corporation (NYSE: WAB) announced today the appointment of Kyra Yates as Vice President of Investor Relations effective March 18, 2023.
- In this role, Yates will be responsible for communicating Wabtec’s vision, strategy, financial performance, and future expectations to our shareholders and the financial community.
- “Kyra is a well-respected leader with a deep understanding of the company’s financials, operations and growth strategy,” said John Olin, Executive Vice President and CFO of Wabtec.
- Most recently, Yates served as the Vice President and Chief Financial Officer for the company’s Global Operations, where she managed the financial performance for the company’s manufacturing, sourcing, and logistics operations.
Retrieved on:
Tuesday, February 27, 2024
Rail,
Chemicals,
Plastics,
Logistics,
Supply Chain Management,
Transport,
Manufacturing,
Other Manufacturing,
Other Transport,
Commander,
NXT,
Agriculture,
AAR,
Table tennis rubber,
Government,
WAB,
Mining,
Rail transport Wabtec (NYSE: WAB) launched today its Shuttlewagon Commander NXT, the next generation of railcar movers.
Key Points:
- Wabtec (NYSE: WAB) launched today its Shuttlewagon Commander NXT, the next generation of railcar movers.
- The NXT series will provide the railcar moving industry improved performance, reliability, and efficiency.
- “The Commander NXT was designed with the customer in mind and represents the future in railcar mobilization,” said Raj Gupta, President and CEO – Maintenance of Way, Wabtec.
- Since 1972, Wabtec’s Shuttlewagon railcar mover has served more than 1,000 customers in over 12 industries that include government, agriculture, chemicals, mining, and other industries that are integral to the supply chain.
Retrieved on:
Monday, February 26, 2024
Trucking,
Rail,
Maritime,
Logistics,
Supply Chain Management,
Transport,
Manufacturing,
Machinery,
J.P. Morgan & Co.,
Prospectus,
TD Securities,
EDGAR,
Sale,
Debt-to-GDP ratio,
Form,
Security (finance),
Hand,
Corporation,
Form S-3,
Credit Wabtec Corporation (NYSE: WAB) (“Wabtec”) today announced that it has priced a public offering of $500 million aggregate principal amount of 5.611% Senior Notes due 2034 (the “Notes”).
Key Points:
- Wabtec Corporation (NYSE: WAB) (“Wabtec”) today announced that it has priced a public offering of $500 million aggregate principal amount of 5.611% Senior Notes due 2034 (the “Notes”).
- The Notes will be guaranteed by each of Wabtec’s current and future subsidiaries that guarantee its indebtedness under its credit agreements or any other debt of Wabtec or any other guarantor.
- Wabtec intends to use the net proceeds from the offering, together with cash on hand and/or borrowings under a new credit agreement expected to be entered into by Wabtec concurrently with the closing of the sale of the Notes (the “2024 Credit Agreement”), to repay all of its outstanding 4.15% Senior Notes due 2024 at maturity (the “2024 Notes”), which is scheduled to occur on March 15, 2024.
- Before you invest, you should read the registration statement, including the prospectus, and prospectus supplement, and other documents Wabtec has filed with the SEC for more complete information about Wabtec and this offering.
Retrieved on:
Wednesday, February 21, 2024
Natural Resources,
Alternative Energy,
Energy,
Rail,
Maritime,
Logistics,
Supply Chain Management,
Transport,
Mining,
Minerals,
Safety,
Wabtec,
GE Evolution Series,
CO2,
WAB,
MRS,
Federation MRS Logística (MRSA-MB) and Wabtec Corporation (NYSE: WAB) announced an agreement for 30 new Evolution Series locomotives.
Key Points:
- MRS Logística (MRSA-MB) and Wabtec Corporation (NYSE: WAB) announced an agreement for 30 new Evolution Series locomotives.
- According to Guilherme Segalla de Mello, president of MRS Logística, the fleet renewal is crucial for the company to improve efficiency and safety.
- “By using a modern fleet of locomotives, we promote better energy efficiency in rail transport and contribute to improving our country’s logistics.
- “This long-term contract highlights our vision of a greener railway network for Brazil.”
Launched in 2022, the ES44ACi model locomotives are equipped with Evolution Series diesel engines, which produce 4,500 horsepower with just 12 cylinders.
Retrieved on:
Wednesday, February 14, 2024
Public Transport,
Other Transport,
Rail,
Maritime,
Transport,
Manufacturing,
Machinery,
Mining,
Minerals,
Logistics,
Supply Chain Management,
Natural Resources,
Acquisition,
LKZ,
Regulation,
GAAP,
Share repurchase,
Webcast,
Bank At the end of the fourth quarter, the 12-month backlog was $697 million higher than the prior year.
Key Points:
- At the end of the fourth quarter, the 12-month backlog was $697 million higher than the prior year.
- During the fourth quarter, the Company generated cash from operations of $686 million versus $410 million in the year ago period.
- The Company repurchased $157 million of Wabtec shares in the fourth quarter, bringing the full year total to $409 million.
- For full year 2024, Wabtec expects strong cash flow generation with operating cash flow conversion of greater than 90 percent.
Retrieved on:
Monday, February 12, 2024
Environment,
Public Transport,
Rail,
Transport,
HVAC,
Automotive Manufacturing,
Manufacturing,
Green Technology,
Machinery,
Temperature,
Wabtec,
1,1,1,2-Tetrafluoroethane,
Heat,
CO2,
Air conditioning,
Ventilation,
Corporation,
GWP,
Partnership Wabtec Corporation (NYSE: WAB) won a major order to supply sustainable heating, ventilation, and air-conditioning (HVAC) units and efficient door systems for Norway-based Norske Tog’s new regional trains.
Key Points:
- Wabtec Corporation (NYSE: WAB) won a major order to supply sustainable heating, ventilation, and air-conditioning (HVAC) units and efficient door systems for Norway-based Norske Tog’s new regional trains.
- The new doors and Green Air HVAC systems provide the customer with improved cost savings, efficiency, sustainability, and an enhanced passenger experience.
- Wabtec will provide 180 saloon and 60 cab HVAC units for the first batch of trains, along with 720 door systems and gap fillers.
- In addition to the HVAC system, the train will incorporate Wabtec’s double-sliding door driven by ESP4C operator.
Retrieved on:
Wednesday, January 17, 2024
Rail,
Logistics,
Supply Chain Management,
Transport,
Manufacturing,
Natural Resources,
Other Manufacturing,
Public Transport,
Wabtec,
Rail transport by country,
EPA,
Electricity,
Feedback,
Software,
Carbon,
Travel,
Rail transport The 12,000 locomotives worldwide using the Trip Optimizer system accounted for significant reductions in fuel consumption and emissions for the rail industry.
Key Points:
- The 12,000 locomotives worldwide using the Trip Optimizer system accounted for significant reductions in fuel consumption and emissions for the rail industry.
- "This billion-mile accomplishment is a tribute to our customers and our team of innovators,” said Nalin Jain, president of Wabtec Digital Intelligence.
- “Trip Optimizer has become an integral locomotive operating system and an industry standard for railroads to efficiently manage the performance of their trains.
- “The system is EPA certified to reduce emissions by 10 percent by reducing fuel consumption enabling railroads to shrink their carbon footprint and reduce operating expenses.
