Wabtec (WAB) experienced a significant series of events affecting their standing in the market. The
antitrust challenge pertinent to the merger with GE transportation was dismissed by a Federal Court in Delaware. Evident's
Inspection Technologies Division was acquired by the company, and Wabtec and Rio Tinto SimFer unveiled the first locomotive for the Simandou Project. They finalized the locomotive purchase agreement with Vale, had their Q4 earnings fall below Wall Street estimates, and the same was the case with Q1 sales targets. The company has undertaken multiple
acquisitions, including Dellner Couplers and Bloom Engineering, to diversify its offering. They have also engaged in profitable contracts, such as a $248 million locomotive order from Winning Consortium Simandou, including finalizing a $405-million locomotive deal with Kazakhstan Temir Zholy. A shortfall in expected sales, however, led to a drop in Wabtec's stock and insider stock sales. Wabtec's Q1 results outperformed Wall Street estimates, leading to a price target increase, and they confirmed their
FY25 revenue guidance maintaining strong cash flow expectations. To expand strategic advances, WAB also acquired the digital solutions business for 1.78 billion dollars.
Wabtec WAB News Analytics from Thu, 25 Jul 2024 07:00:00 GMT to Sat, 14 Jun 2025 03:33:45 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor 4
