Wabtec Corporation (WAB) is strengthening its operations with the help of strategic acquisitions. To this end, Wabtec has inked a deal to acquire Evident’s Inspection Technologies division (Inspection Technologies) for $1.78 billion ($1.68 billion after tax benefits), subject to customary adjustments. The deal is anticipated to be completed by the end of the first half of 2025, subject to customary closing conditions and regulatory approvals.Headquartered near Boston, MA, Evident’s Inspection Technologies d ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported): January 13, 2025 WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware (State or other Jurisdiction of Incorporation) 033-90866 25-1615902 (Commission File No.) (I.R.S. Employer Identification No.) 30 Isabella Street Pittsburgh, Pennsylv ...

Westinghouse Air Brake Technologies Corporation (WAB) , operating as Wabtec Corporation, is benefiting from the strong performance of its segments, Freight and Transit. The shareholder-friendly approach bodes well for the company. Lingering supply-chain disruptions and valuation concerns represent major challenges.Factors Working in Favor of WABWabtec’s focus on new technologies aims to provide solutions to improve the safety, cost and reliability of rail, as well as support the modernization of the global ...

Wabtec's Acquisition of Bloom Engineering - Wabtec acquired Bloom Engineering for $69 million in cash in Q4, financed through cash on hand and a revolving credit facility [11] - Bloom Engineering will join Wabtec's Freight and Industrial Components Group [10] - The acquisition is expected to strengthen Wabtec's portfolio of heat transfer and energy solutions through Bloom's advanced technologies in burners, combustion systems, and industrial heating applications [7] Financial Impact and Synergies - The inclusion of Bloom Engineering is expected to be immediately accretive to Wabtec's earnings, excluding transaction costs, with strong synergies anticipated over the next three years [2] - Wabtec shares have gained 51.3% in the past year, outperforming its industry and the S&P 500 [3] Transportation Sector Stocks - C H Robinson Worldwide (CHRW) has an expected earnings growth rate of 33.3% for 2024, with its Zacks Consensus Estimate revised upward by 6.4% over the past 90 days [6] - Expeditors International of Washington (EXPD) has an expected earnings growth rate of 8.38% for 2024, with its Zacks Consensus Estimate also revised upward by 6.4% over the past 90 days [9] - Both CHRW and EXPD carry a Zacks Rank 2 (Buy) [5]

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

It has been about a month since the last earnings report for Westinghouse Air Brake Technologies (WAB) . Shares have added about 4.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Wabtec due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Wabtec Q3 Earnings Surpass ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Sty ...

Westinghouse Air Brake Technologies (WAB) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and follow ...

Wabtec Corporation (WAB) is strengthening its operations with strategic acquisitions. To this end, Wabtec announced the acquisitions of Fanox and Kompozitum. Wabtec is purchasing the two companies for a $110 million cash transaction, financed through cash on hand and a revolving credit facility.The two companies will join Wabtec’s Transit business (which recently reported third-quarter 2024 net sales of $733 million, up 9.6% year over year due to strong aftermarket sales. The segmental adjusted operating ma ...