Wabtec stock has experienced multiple rises, significantly outperforming the market on numerous occasions. The company announced a $750 million share buyback plan and raised their dividend by 13%. The establishment of a significant R$1.8 billion services agreement with Vale to enhance the Carajás Railway Locomotive fleet was also seen. In their Q2 earnings, Wabtec demonstrated notable growth with gains in both freight and transit and raised their EPS outlook. The company's Trip Optimizer™ has surpassed 1 billion miles, reducing the rail industry's fuel consumption and emissions. Wabtec also launched its Commander NXT, the next-gen railcar mover. It started operations at the Gooty Maintenance shed in Andhra Pradesh, India, expanding its Locomotive Services capabilities. Wabtec also secured a $277-million locomotive order from SimFer to support the Simandou Iron Ore Project. Furthermore, it reached a systems and software deal with Australia’s ARTC to improve national rail network interoperability. The company appointed Kyra Yates as Vice President of Investor Relations and reported a solid Q2 2024 earnings, which led to raising their full-year guidance. Wabtec also celebrated the modernization of 1,000 locomotives in the Americas, and secured its largest parts agreement with PT IMECO.
Wabtec WAB News Analytics from Fri, 06 Aug 2021 07:00:00 GMT to Mon, 16 Sep 2024 01:14:22 GMT - Rating 7 - Innovation 5 - Information 9 - Rumor 5
