Wabtec Corporation has witnessed significant growth with expansion of its
locomotive services in India and a new manufacturing campus in
Rohtak. A major highlight is the
Surpassing of 1 Billion Miles by their Trip Optimizer™, reducing fuel consumption and emissions significantly. Several contracts secured include a
locomotive deal with Grupo RAS, a
brake system order from Siemens Limited, and an engine order for new Panama Canal tugboats. Furthermore, the company received
certification elevating their cybersecurity. Their Q1 and Q2 earnings have exceeded expectations, leading to a
raised EPS guidance for 2024. The first FLXdrive battery locomotive was unveiled in conjunction with
Roy Hill. In terms of environmental initiatives,
Green Friction Technology has started commercial operations in Paris. The second quarter of 2024 marked an increased membership in the 95-Plus Composite Rating Club. In addition to several new projects and impressive quarterly dividends, the company's modernization of over 200 locomotives with CSX and Rail Operations in Paris is commendable. Furthermore, the appointment of
Kyra Yates as Vice President of Investor Relations fortifies their corporate ranks.
Wabtec WAB News Analytics from Fri, 06 Aug 2021 07:00:00 GMT to Fri, 26 Jul 2024 21:04:00 GMT -
Rating 7
- Innovation 7
- Information 7
- Rumor 6
