Westinghouse Air Brake Technologies (WAB) , operating as Wabtec Corporation, is scheduled to report fourth-quarter 2024 results on Feb. 12, before market open.See the Zacks Earnings Calendar to stay ahead of market-making news.The Zacks Consensus Estimate for WAB’s soon-to-be-reported quarter’s earnings has been revised downward by 0.6% in the past 60 days to $1.73 per share. Meanwhile, the Zacks Consensus Estimate for revenues is pegged at $2.59 billion, which indicates growth of 2.6% from the year-ago lev ...

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 ...

Core Viewpoint - Wabtec Corporation (WAB) is experiencing strong performance in its Freight and Transit segments, supported by a shareholder-friendly approach, although it faces challenges from supply-chain disruptions and valuation concerns [1]. Group 1: Positive Factors - Wabtec is focusing on new technologies to enhance safety, cost efficiency, and reliability in rail operations, while also modernizing global rail fleets [2]. - The company is strengthening its operations through strategic acquisitions, including the recent acquisition of Bloom Engineering, which will enhance its Freight and Industrial Components Group [2]. - New order wins in Kazakhstan are anticipated to further boost revenues for Wabtec [2]. - Wabtec aims to provide real-time visibility and optimization for railroads, helping them maintain schedules and recover from disruptions [4]. - The management announced a 17.6% increase in its quarterly dividend, reflecting a pro-investor stance [4]. - WAB shares have outperformed the industry over the past six months [4]. Group 2: Economic Challenges - Despite signs of cooling inflation, Wabtec is still facing significant inflationary pressures, including increased costs for labor, freight, and fuel [3]. - The company is implementing cost-cutting measures and improving productivity to address high expenses and weaker-than-expected demand scenarios [3]. - Supply-chain disruptions continue to impact Wabtec, with higher commodity costs and shortages of components, chips, and labor posing major challenges [7]. Group 3: Valuation Concerns - Wabtec's stock appears overvalued, with a forward 12-month Price/Earnings ratio of 21.92 compared to the industry average of 16.33 [8]. - The trailing 12-month P/E ratio is also above the five-year median level of 18.15, indicating a stretched valuation [8]. Group 4: Foreign Operations - A significant portion of Wabtec's net revenues comes from international sales, making it vulnerable to foreign exchange volatility [9].

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]

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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 ...

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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 ...