Wabtec (WAB) has had a varied performance in the market, with its stock both rising and falling beneath market performance. However, the firm has announced several noteworthy milestones and partnerships. A significant services agreement was signed with Vale, worth R$1.8B, to enhance the Carajás Railway Locomotive Fleet. There's also positive anticipation for mid-teen EPS growth over the coming years due to recovering rail spending. The launch of Wabtec's Green Friction Technology in Paris is beneficial for the environment, as it improves air quality within rail tunnels. Furthermore, Wabtec has received multiple product orders and contracts like a $157 million brake system order from Siemens Limited and a new software order from Canadian National. The firm also forecasts bullish Q1 earnings and revenue, leading to an upward revision of its 2024 EPS view. Notably, Wabtec and Roy Hill unveiled the first FLXdrive Battery Locomotive, demonstrating strong innovation in the rail industry. Finally, the initiation of a new manufacturing hub and a significant raise in the company's regular quarterly dividend are of considerable interest.
Wabtec WAB News Analytics from Tue, 27 Jun 2023 07:00:00 GMT to Sat, 15 Jun 2024 20:03:54 GMT - Rating 3 - Innovation 7 - Information 8 - Rumor 4
