Last $73.31 USD
Change Today -0.58 / -0.78%
Volume 100.0K
WAB On Other Exchanges
Symbol
Exchange
New York
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As of 10:46 AM 04/21/14 All times are local (Market data is delayed by at least 15 minutes).

wabtec corp (WAB) Snapshot

Open
$73.95
Previous Close
$73.89
Day High
$74.02
Day Low
$73.12
52 Week High
03/21/14 - $82.42
52 Week Low
06/24/13 - $48.89
Market Cap
7.1B
Average Volume 10 Days
795.4K
EPS TTM
$3.00
Shares Outstanding
96.4M
EX-Date
02/12/14
P/E TM
24.4x
Dividend
$0.16
Dividend Yield
0.20%
Current Stock Chart for WABTEC CORP (WAB)

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wabtec corp (WAB) Details

Westinghouse Air Brake Technologies Corp., doing business as Wabtec Corp., provides technology-based equipment and services for the rail industry worldwide. The company operates in two segments, Freight Group and Transit Group. Freight Group manufactures and services components for new and existing freight cars and locomotives, builds new switcher locomotives, and rebuilds freight locomotives. Transit Group primarily manufactures and services components for new and existing passenger transit vehicles, principally subway cars and buses; builds new commuter locomotives; and refurbishes subway cars. Its customers include railroads in North America, Britain, Australia, Europe, South Africa, and India. Westinghouse Air Brake Technologies was founded in 1869 and is headquartered in Wilmerding, Pa.

10,234 Employees
Last Reported Date: 02/21/14
Founded in 1869

wabtec corp (WAB) Top Compensated Officers

Chairman of The Board and Chief Executive Off...
Total Annual Compensation: $890.0K
President and Chief Operating Officer
Total Annual Compensation: $600.0K
Senior Vice President and Group Executive
Total Annual Compensation: $353.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $309.0K
Compensation as of Fiscal Year 2013.

wabtec corp (WAB) Key Developments

Wabtec Corporation Signs $16.6 Million Contract to Provide PTE Equipment/Services for Alaska Railroad

Wabtec Corporation announced that it has signed contracts for $16.6 million with Alaska Railroad Corporation to provide Positive Train Control (PTC) equipment and services, including computer-aided dispatch and back office systems. The systems will be installed on the railroad's 525 miles of controlled track, which are used for both freight and regularly scheduled passenger service. Under the contracts, Wabtec will provide its Interoperable Electronic Train Management System (I-ETMS(R)) equipment and installation of all PTC components for 54 locomotives. Wabtec's scope of work also includes installation of its Train Management & Dispatch System (TMDS(R)), a computer-aided dispatch system to be used for centralized traffic control and track warrant control for all territories; and integration of I-ETMS(R) with Wabtec's Back Office System. The Alaska Railroad system will be fully interoperable with PTC systems being implemented by Class I railroads in the U.S.

Wabtec Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for 2014

Wabtec Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported income from operations of $111,218,000, income from operations before income taxes of $107,542,000, net income attributable to Wabtec shareholders of $74,041,000 or $0.76 diluted per share on net sales of $681,482,000 against income from operations of $100,462,000, income from operations before income taxes of $97,128,000, net income attributable to Wabtec shareholders of $64,765,000 or $0.67 diluted per share on net sales of $610,400,000 for the same period a year ago. CapEx for the quarter was $17.6 million against $11.3 million a year ago. For the year, the company reported income from operations of $437,310,000, income from operations before income taxes of $421,087,000, net income attributable to Wabtec shareholders of $292,235,000 or $3.01 diluted per share on net sales of $2,566,392,000 against income from operations of $392,279,000, income from operations before income taxes of $377,358,000, net income attributable to Wabtec shareholders of $251,732,000 or $2.60 diluted per share on net sales of $2,391,122,000 for the same period a year ago. CapEx for the year was $41 million against $36 million a year ago. Cash from operations and cash flow, the company generated $236 million for the year, which is about the same as last year. Wabtec issued 2014 guidance for earnings per diluted share of about $3.45, with revenues expected to increase about 15%. This EPS guidance is about 15% higher than 2013 results. This guidance includes the company's previously announced agreement to acquire Fandstan Electric Group, which is expected to close in the first quarter. The company expects tax rate of about 31.5% for the year. CapEx in 2014, it expects to spend about $50 million, including the Fandstan acquisition.

Westinghouse Air Brake Mulls Acquisitions

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) is seeking acquisitions. Chairman and Chief Executive Officer of Westinghouse Air Brake, said, "We remain focused on increasing cash flow by managing costs, driving down working capital, and controlling capital expenditures. Our growth strategies remain the same, global and market expansion, aftermarket expansion, new products and technology, and acquisition."

 

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Industry Analysis

WAB

Industry Average

Valuation WAB Industry Range
Price/Earnings 24.6x
Price/Sales 2.8x
Price/Book 4.5x
Price/Cash Flow 23.0x
TEV/Sales 2.5x
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