Financial Performance - Total net sales for Q1 2021 decreased by $100 million, or 5.2%, to $1.83 billion compared to Q1 2020[120] - The Freight Segment net sales decreased by $115 million, primarily due to lower locomotive equipment sales in North America[120] - The Transit Segment net sales decreased by $31 million, mainly due to COVID-19 related production delays, partially offset by favorable foreign currency exchange rate changes of $46 million[120] - Gross profit for Q1 2021 was $534.2 million, down from $578.7 million in Q1 2020[119] - Net income attributable to Wabtec shareholders for Q1 2021 was $112.4 million, compared to $111.6 million in Q1 2020[119] - Freight Segment net sales decreased by $118 million, or 9.0%, to $1.2 billion for the three months ended March 31, 2021, primarily due to lower locomotive equipment sales[129] - Transit Segment net sales increased by $18 million, or 2.9%, to $647 million for the three months ended March 31, 2021, despite an organic sales decrease of $31 million due to COVID-19 disruptions[134] Market and Growth Outlook - Approximately 64% of the company's revenues in Q1 2021 came from customers outside the United States[102] - The accessible global market for railway products and services is over $120 billion, expected to grow at a compounded annual growth rate of 2.3% through 2025[108] - Wabtec's long-term financial goals include driving strong cash flow conversion and increasing margins through cost controls and product innovation[105] Operational Challenges - The company continues to face uncertainties due to the COVID-19 pandemic, impacting sales channels and supply chain operations[103] - Wabtec is committed to supporting the safe and efficient operation of the freight rail and passenger transit industries during the pandemic[104] Cost and Expenses - Cost of sales for the three months ended March 31, 2021 decreased by $55 million, or 4.1%, to $1.3 billion compared to the same period in 2020, with cost of sales as a percentage of sales increasing to 70.6% from 69.9%[122] - Total operating expenses decreased by $19 million in the first three months of 2021 compared to the same period in 2020, with operating expenses as a percentage of sales remaining at 18.7%[123] - Interest expense, net, decreased by $6 million in the first three months of 2021 due to lower overall average debt balances[124] - Other income was $14 million in the first three months of 2021, compared to an expense of $15 million in the same period of 2020, primarily driven by foreign exchange gains[125] - The effective income tax rate increased to 27.5% for the three months ended March 31, 2021, up from 25.5% in 2020, mainly due to withholding tax expenses[126] Cash Flow and Investments - Cash provided by operating activities was $292 million in the first three months of 2021, compared to cash used for operations of $82 million in the same period of 2020[138] - Cash used for investing activities was $422 million in the first three months of 2021, with $401 million allocated for the acquisition of Nordco[139] - As of March 31, 2021, the Company held approximately $484 million in cash and cash equivalents, with $445 million held outside the United States[141] Balance Sheet and Liabilities - Current assets decreased from $1,092.3 million on December 31, 2020, to $888.6 million on March 31, 2021, a decline of approximately 18.6%[149] - Current liabilities decreased slightly from $1,408.8 million to $1,384.2 million, a reduction of about 1.8%[149] - Long-term debt increased from $3,779.6 million to $3,911.3 million, an increase of approximately 3.5%[149] Shareholder and Market Risks - The company has a stock repurchase authorization of $500 million, with approximately $292.2 million remaining from the previous authorization[153] - The company is subject to various risks, including prolonged unfavorable economic conditions and fluctuations in demand for freight cars and related products[156] - The company has not made significant changes in accounting policies since December 31, 2020, with critical areas including accounts receivable and revenue recognition[159] - The company is focused on the successful introduction of new products and the completion of acquisitions, including Faiveley Transport and GE Transportation Business[160] - The company’s exposure to market risk has not changed materially since December 31, 2020, particularly regarding interest rate and foreign currency exchange risk[161] - The company may repurchase shares depending on market conditions and capital needs, with no set time limit for the completion of the program[153]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2020 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 033-90866 WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of inc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 033-90866 ____________________________________ WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (Exact ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 033-90866 ____________________________________ WESTINGHOUSE AIR BRAKE TECHNOLOGIESCORPORATION (Exact name ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 033-90866 ____________________________________ WESTINGHOUSE AIR BRAKE TECHNOLOGIESCORPORATION (Exact name ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2019 For the transition period from to Commission file number 033-90866 WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (Exact name of registrant as specified in its charter) Delaware 25-1615902 (State or other jurisdiction of incorporation or organization) 30 Isabella Street Pittsburgh, Pennsylvania 15 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________________ For the transition period from to Commission file number: 033-90866 ____________________________________ WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (Exact name of registrant as specified in its charter) ____________________________________ Delaware 25-1615902 (State or other jurisdiction of incorporation or organization) FORM 10-Q ____________________________________ ☒ QUARTERLY REPORT PURSUANT ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________________ FORM 10-Q ____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 033-90866 ____________________________________ WESTINGHOUSE AIR BRAKE ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________________ FORM 10-Q ____________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 033-90866 ____________________________________ WESTINGHOUSE AIR BRAK ...

Financial Performance - Net sales for 2018 reached $4,363,547, an increase of 12.4% from $3,881,756 in 2017[134]. - Gross profit for 2018 was $1,233,885, representing a gross margin of approximately 28.3%[134]. - Net income attributable to Wabtec shareholders was $294,944, up 12.5% from $262,261 in 2017[134]. - Wabtec's net sales for 2018 reached $4.36 billion, a 12.4% increase from $3.88 billion in 2017[158]. - Net income attributable to Wabtec shareholders for 2018 was $300.34 million, a 14.5% increase from $262.26 million in 2017[160]. - Wabtec's gross profit for 2018 was $1.23 billion, up from $1.07 billion in 2017, indicating improved operational efficiency[158]. Debt and Financing - The company has total debt of $3,856.9 million as of December 31, 2018, which includes a $1.2 billion Revolving Credit Facility and a $350 million Refinancing Term Loan[103]. - The total debt increased to $3,856,873 in 2018, compared to $1,870,528 in 2017, indicating a significant rise in leverage[134]. - The Company issued $750.0 million of Senior Notes due in 2026 at 99.965% of face value, with an interest rate of 3.45% per annum, payable semi-annually[199]. - The Company issued $500.0 million of Floating Rate Senior Notes due 2021 at 100% of face value, with interest accruing at three-month Libor plus 105 basis points, payable quarterly[199]. - The Company issued $750.0 million of 4.150% Senior Notes due 2024 at 99.805% of face value, with interest payable semi-annually[199]. - The Company issued $1,250.0 million of 4.70% Senior Notes due 2028 at 99.889% of face value, with interest payable semi-annually[199]. - The Company has a $1.2 billion revolving credit facility maturing on June 8, 2023, and a $350.0 million term loan maturing on June 8, 2021[206]. - The weighted average interest rate on the Company's variable rate debt was 3.68% as of December 31, 2018[210]. - Overall interest expense increased by $34.4 million in 2018, primarily due to interest associated with the proposed GE Transportation transaction[172]. Market and Competition - Approximately 67% of the company's consolidated net sales were derived from international customers for the fiscal year ended December 31, 2018[73]. - The company faces significant competition in a global marketplace, with price competition limiting its ability to increase prices[62]. - The global market for railway products and services was over $100 billion, expected to grow at a CAGR of 2.6% through 2023[139]. - The company is exposed to risks associated with international operations, including currency fluctuations and political instability[74]. - The company faces risks from economic conditions, demand fluctuations, and competitive factors in the rail industry[222]. Operations and Manufacturing - The company owns approximately 500,000 square feet of manufacturing and warehouse space in Rothbury, MI, and has multiple other facilities across the U.S. and internationally, totaling over 4 million square feet[111]. - The company has a significant presence in international markets, with facilities in Brazil, Canada, the UK, China, India, Germany, Italy, and South Africa, indicating a diverse operational footprint[112]. - The company has a focus on expanding its manufacturing capabilities, with several facilities dedicated to freight and transit segments, indicating a strategic emphasis on these markets[111][112]. - The company has a diverse range of manufacturing uses across its facilities, including office, service, and transit, which supports its multifaceted business model[111][112]. - The integration of recent acquisitions may not yield anticipated operating synergies or improvements in market position[106]. Acquisitions and Growth Strategy - The company intends to pursue acquisitions, joint ventures, and alliances to improve market position, which involves inherent risks[63]. - The merger with GE Transportation was completed on February 25, 2019, with a cash payment of $2.875 billion for certain assets[146][147]. - The company acquired 100% ownership of Faiveley Transport for $1.51 billion, enhancing its position in the railway industry with annual sales of about $1.2 billion[156]. - Acquisitions contributed an additional $134.7 million to net sales in 2018, reflecting the company's growth strategy[160]. Risks and Compliance - The company is subject to various environmental laws and regulations, which may result in significant compliance costs[79]. - Future climate change regulations could increase operating costs and affect product demand[82]. - The company faces risks related to cybersecurity attacks that could compromise sensitive customer information and disrupt business operations[86]. - Labor shortages and disputes could adversely affect operations and profitability, potentially leading to revenue loss[90]. - The company is dependent on key customers, and any loss of these customers could materially affect its business and financial condition[61]. - The company has encountered counterfeit products that may negatively impact brand value, despite efforts to protect intellectual property[84]. - The company is subject to restrictions on the sale of Wabtec common stock held by GE, with obligations to divest certain shares within specified timeframes[149]. Financial Health and Projections - Wabtec's long-term financial goals include generating cash flow from operations exceeding net income and maintaining a strong credit profile[136]. - The company anticipates that general global economic conditions will impact sales and operations, necessitating potential adjustments to financial strategies[145]. - Cash provided by operations in 2018 was $314.7 million, an increase from $188.8 million in 2017, attributed to favorable working capital performance[190]. - Cash used in investing activities was $147.3 million in 2018, significantly lower than $1,033.5 million in 2017, with major components including $93.3 million for property, plant, and equipment[192]. - Cash provided by financing activities in 2018 was $1,978.1 million, including $2.5 billion in proceeds from new borrowings[193]. Shareholder Information - The company has not repurchased any shares during 2018, leaving $137.8 million remaining under its stock repurchase authorization, which was amended to $350 million in February 2016[132]. - As of February 20, 2019, the company had 96,613,310 shares of common stock outstanding, held by 452 holders of record, reflecting a stable shareholder base[130]. - The annual dividend payment to shareholders is approximately $46.4 million, subject to Board approval[217].