Wabtec Corporation (WAB) has numerous financial announcements and strategic expansions recently. Its Q4 performance missed analyst estimates on both EPS and sales, leading to slightly falling stock prices. However, this was seen as an attractive entry point by KeyBanc. The company announced that it would increase its quarterly dividends, but also revealed disappointing earnings and outlook. Meanwhile, Wabtec acquired Evident’s Inspection Technologies Division in a $1.78 billion deal to strengthen its overall position. Other notable developments include approval of Wabtec’s hybrid locomotives for New York Subway System’s maintenance operations and landing Salesforce CIO to drive a digital revolution within the company. Various locomotive contracts were also secured, including a $248 million order from the Simandou consortium and a $405-million deal with Kazakhstan Temir Zholy. The company's recent innovation is also highlighted by the adoption of Wabtec's AI-Powered train inspection technology by SNCF, and the commencement of commercial operations of its Green Friction Technology in Paris.
Wabtec WAB News Analytics from Fri, 06 Aug 2021 07:00:00 GMT to Fri, 21 Feb 2025 14:27:30 GMT -
Rating -2
- Innovation 5
- Information 8
- Rumor 2
