Westinghouse Air Brake Technologies (WAB)
(Delayed Data from NYSE)
$164.36 USD
+1.18 (0.72%)
Updated Apr 26, 2024 04:00 PM ET
After-Market: $164.41 +0.05 (0.03%) 7:58 PM ET
1-Strong Buy of 5 1
D Value C Growth A Momentum C VGM
Company Summary
Westinghouse Air Brake Technologies Corporation is a provider of locomotives, value-added, technology-based equipment, systems and services to the freight rail and passenger transit industries across the globe.
The company operates under the name of Wabtec Corporation and is currently based in Wilmerding, PA. Wabtec, which went public on the NYSE in 1995, operates in more than 50 countries.
In February 2019, Wabtec completed the previously announced merger with GE Transportation, a business unit of GE. The combined company has an expanded product portfolio and a larger customer base. It focuses on innovation. ...
Company Summary
Westinghouse Air Brake Technologies Corporation is a provider of locomotives, value-added, technology-based equipment, systems and services to the freight rail and passenger transit industries across the globe.
The company operates under the name of Wabtec Corporation and is currently based in Wilmerding, PA. Wabtec, which went public on the NYSE in 1995, operates in more than 50 countries.
In February 2019, Wabtec completed the previously announced merger with GE Transportation, a business unit of GE. The combined company has an expanded product portfolio and a larger customer base. It focuses on innovation. Following the completion of the merger with GE Transportation in February 2019, Wabtec was included in the coveted S&P 500 index.
In January 2020, Wabtec acquired RELCO Locomotives to fortify its market capabilities
Net sales in 2023 inched up 15.7% year over year to $9,677 million. Notably, the company operates under two business segments, namely Transit and Freight segments.
The Transit segment (28% of 2023 revenues) manufactures and provides aftermarket parts and services for new locomotives. Through the segment, the company also provides components for new and existing locomotives and freight cars. In 2023, 19% of segmental sales came from the United States. Additionally, roughly 55% of the segment’s sales were in the aftermarket. The balance came from the original equipment market.
Segmental sales increased 15.5% year over year in 2023 owing to strong aftermarket and original equipment manufacturing sales.
The Freight segment (72%) focuses on manufacturing and offering aftermarket parts and services for new locomotives. The segment also provides components for new and existing locomotives and freight cars. In 2023, 58% of segmental net sales came from the United States. Roughly, 66% of the segmental net sales were in the aftermarket with the balance being generated in the original equipment market.
Segmental sales increased 15.8% year over year in 2023 due to higher demand for services and components and benefited from strategic acquisitions like L&M Radiator Inc., by $109 million.
The company’s financial year coincides with the calendar year.
General Information
Westinghouse Air Brake Technologies Corporation
30 ISABELLA STREET
PITTSBURGH, PA 15212
Phone: 412-825-1000
Fax: 412-825-1019
Web: http://www.wabteccorp.com
Email: kristine.kubacki@wabtec.com
| Industry | Transportation - Equipment and Leasing |
| Sector | Transportation |
| Fiscal Year End | December |
| Last Reported Quarter | 3/31/2024 |
| Exp Earnings Date | 7/25/2024 |
EPS Information
| Current Quarter EPS Consensus Estimate | 1.81 |
| Current Year EPS Consensus Estimate | 7.09 |
| Estimated Long-Term EPS Growth Rate | 15.50 |
| Exp Earnings Date | 7/25/2024 |
Price and Volume Information
| Zacks Rank |  |
| Yesterday's Close | 163.18 |
| 52 Week High | 167.49 |
| 52 Week Low | 91.89 |
| Beta | 1.40 |
| 20 Day Moving Average | 1,195,413.75 |
| Target Price Consensus | 156.82 |
| 4 Week | 12.82 |
| 12 Week | 22.42 |
| YTD | 29.52 |
| 4 Week | 16.24 |
| 12 Week | 19.03 |
| YTD | 21.14 |
| Shares Outstanding (millions) | 176.38 |
| Market Capitalization (millions) | 28,990.63 |
| Short Ratio | NA |
| Last Split Date | 6/12/2013 |
| Dividend Yield | 0.49% |
| Annual Dividend | $0.80 |
| Payout Ratio | 0.12 |
| Change in Payout Ratio | 0.00 |
| Last Dividend Payout / Amount | 2/22/2024 / $0.20 |
Fundamental Ratios
| P/E (F1) | 23.18 |
| Trailing 12 Months | 25.13 |
| PEG Ratio | 1.50 |
| vs. Previous Year | 47.66% |
| vs. Previous Quarter | 22.73% |
| vs. Previous Year | 13.81% |
| vs. Previous Quarter | -1.15% |
| Price/Book | 2.76 |
| Price/Cash Flow | 19.09 |
| Price / Sales | 2.90 |
| 3/31/24 | 11.25 |
| 12/31/23 | 10.34 |
| 9/30/23 | 10.04 |
| 3/31/24 | 6.20 |
| 12/31/23 | 5.65 |
| 9/30/23 | 5.47 |
| 3/31/24 | 1.52 |
| 12/31/23 | 1.20 |
| 9/30/23 | 1.19 |
| 3/31/24 | NA |
| 12/31/23 | 0.63 |
| 9/30/23 | 0.61 |
| 3/31/24 | 11.73 |
| 12/31/23 | 11.02 |
| 9/30/23 | 10.85 |
| 3/31/24 | 9.20 |
| 12/31/23 | 8.42 |
| 9/30/23 | 8.02 |
| 3/31/24 | 12.24 |
| 12/31/23 | 11.28 |
| 9/30/23 | 10.81 |
| 3/31/24 | 59.55 |
| 12/31/23 | 58.73 |
| 9/30/23 | 57.87 |
| 3/31/24 | 2.99 |
| 12/31/23 | 2.97 |
| 9/30/23 | 3.00 |
| 3/31/24 | 0.38 |
| 12/31/23 | 0.31 |
| 9/30/23 | 0.32 |
| 3/31/24 | 27.56 |
| 12/31/23 | 23.81 |
| 9/30/23 | 24.08 |