Wabtec to Benefit From Bloom Engineering Buyout: Here's How

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]