Core Insights - Wabtec Corporation is a significant player in the rail and transit industry, providing equipment, systems, and services for freight and transit rail, operating in two main segments: Freight and Transit [1] Financial Performance - On February 11, 2026, Wabtec reported earnings per share (EPS) of $2.08, reflecting a 23.2% increase from the previous year, driven by strong demand in its Freight and Transit segments [2][6] - The company's revenue reached approximately $2.87 billion, marking a 10.6% rise from the prior year, with the Freight segment growing by 11.7% and Transit sales increasing by 8.2% [2][3][6] Market Valuation - Wabtec has a price-to-earnings (P/E) ratio of approximately 35.61, indicating the price investors are willing to pay for each dollar of earnings [4][6] - The price-to-sales ratio stands at about 3.91, reflecting the value placed on each dollar of sales [4][6] - The enterprise value to sales ratio is around 4.35, suggesting the company's total valuation relative to its sales [4] Financial Metrics - The enterprise value to operating cash flow ratio is approximately 31.47, highlighting the company's valuation in relation to its cash flow from operations [5] - Wabtec has an earnings yield of 2.81%, providing insight into the return on investment for shareholders [5] - The debt-to-equity ratio is 0.48, indicating a moderate level of debt compared to equity, while the current ratio of 1.42 suggests a solid ability to cover short-term liabilities with short-term assets [5]

Core Insights - Gatekeeper Systems Inc. reported significant contract wins and financial results for Q1 2026, highlighting a strong growth trajectory in both transit and school bus segments [3][4][5]. Business Highlights - The company secured its largest-ever contracts in transit and school bus segments, including a $27 million contract with New York MTA's Long Island Rail Road and a $9.3 million contract in California for school bus video solutions [3][4][5]. - Approximately $35 million in new contracts were announced in the transit segment, while around $11 million in new contracts were reported in the school bus segment during the quarter and subsequent to the quarter end [4][5]. - The company raised $13.5 million in a bought deal financing, enhancing its financial position to support large contracts [6]. Financial Performance - Revenue for Q1 2026 was $5.9 million, a decrease from $7.3 million in the same period last year [8][9]. - Gross profit for the quarter was $2.7 million, down from $3.2 million year-over-year, with a gross margin of 45%, up from 43% in the prior year [8][9]. - Operating expenses increased to $4.3 million from $3.1 million in the previous year, resulting in a comprehensive loss of $0.8 million compared to a profit of $0.6 million in the prior year [8][9]. - As of November 30, 2025, the company had working capital of $35 million, including cash of $18 million, and total assets of $42.0 million [8][9].

Larsen & Toubro’s Heavy Civil Infrastructure division has won a landmark contract to extend the Riyadh Metro in Saudi Arabia, covering an 8.4 km corridor with both elevated and underground sections and five modern stations.Valued between ₹5,000–10,000 crore, the project is part of an ultra-mega initiative executed by a consortium including Webuild S.p.A, Nesma & Partners, Alstom, and IDOM, reinforcing L&T’s growing presence in the Kingdom’s urban transport infrastructure, stated the company in a regulatory ...

Larsen & Toubro Ltd. has announced it has received a 'major' order from the Royal Commission of Riyadh City in Saudi Arabia for the extension of Riyadh Metro. The work pertains to the extension of the Red Line of the Riyadh Metro, with the project set to be worth around Rs 5,000 - 10,000 crore.This is part of an ultra-mega project won by a consortium of Webuild S.p.A, L&T, Nesma & Partners Contracting, Alstom and IDOM, the company confirmed in an exchange filing. The project pertaining to Riyadh Metro was w ...

Core Insights - Alstom reported a significant increase in orders and sales for Q3 of fiscal year 2025/26, with orders more than doubling to €9.6 billion and sales rising by 2.6% to €4.8 billion compared to the same period last year [1][3][4] Orders - Alstom recorded €9,580 million in orders during Q3 2025/26, a 124.9% increase from €4,260 million in Q3 2024/25 [3][4] - The total order intake for the first nine months reached €20.0 billion, up 31.8% from €15.2 billion in the same period last year [3][4] - Rolling Stock accounted for 63% of total order intake in Q3, indicating strong demand for both established and developing platforms [5][6] Sales - Sales for the first nine months of fiscal year 2025/26 amounted to €13,851 million, reflecting a 3.0% increase on a reported basis and a 7.2% increase on an organic basis [3][13] - Rolling Stock sales reached €7,204 million, up 3% on a reported basis and 6% on an organic basis, driven by strong execution in key markets [14] - Services reported sales of €3,414 million, up 5% on a reported basis and 9% on an organic basis, benefiting from projects in the UK, US, and Germany [15] Operational Milestones - Alstom's MF19 new-generation metro entered service on Line 10 of the Paris Metro, marking a significant milestone in urban transport modernization [17] - In India, Alstom's metro trains began commercial service in Bhopal, showcasing rapid project execution and local manufacturing [18] - Alstom's Citadis light rail vehicles commenced passenger service on Toronto's Finch West Light Rail Transit line, enhancing public transport in the region [19] Financial Outlook - The company expects to deliver at least €1.5 billion in free cash flow over the three years from FY 2024/25 to FY 2026/27, despite challenges related to Contract Working Capital [23] - The FY 2025/26 outlook and medium-term ambitions have been confirmed, indicating confidence in continued growth and operational performance [24]

Core Insights - Alstom has reported a significant increase in orders and sales for the third quarter of fiscal year 2025/26, with orders more than doubling to €9.6 billion and sales increasing by 2.6% to €4.8 billion compared to the same period last year [2][4][5] Orders - In Q3 2025/26, Alstom recorded €9,580 million in orders, a 124.9% increase from €4,260 million in Q3 2024/25 [4][5] - The total order intake for the first nine months reached €20.0 billion, up 31.8% from €15.2 billion in the same period last year [4][5] - Rolling Stock accounted for 63% of total order intake in Q3, indicating strong demand for both established and developing platforms [6][7] Sales - Sales for the first nine months of fiscal year 2025/26 amounted to €13,851 million, reflecting a 3.0% increase on a reported basis and a 7.2% increase on an organic basis [14][37] - Rolling Stock sales reached €7,204 million, up 3% on a reported basis and 6% on an organic basis, driven by strong execution in key markets [15][37] - Services reported sales of €3,414 million, up 5% on a reported basis and 9% on an organic basis, benefiting from ramping projects in the UK, US, and Germany [16][37] Operational Milestones - Alstom's MF19 new-generation metro entered service in Paris, marking a significant milestone in urban transport modernization [19] - In India, Alstom's metro trains began commercial service in Bhopal, showcasing rapid project execution [20] - Alstom's Citadis light rail vehicles commenced passenger service in Toronto, enhancing public transport accessibility and efficiency [21] Financial Outlook - The company expects to deliver at least €1.5 billion in free cash flow over the three years from FY 2024/25 to FY 2026/27, despite challenges in Contract Working Capital [25] - The medium-term ambitions remain confirmed, with expectations for organic sales growth above 5% and aEBIT margin around 7% [26]

Core Insights - SNCF Voyageurs has approved an order for 15 new-generation Avelia Horizon very high-speed trains, valued at approximately 600 million euros, with deliveries expected in 2029 [1][9] - The Avelia Horizon trains are designed to meet European traffic requirements and aim to enhance competitiveness and profitability for SNCF Voyageurs [2] - The contract highlights the success of high-speed rail and the commitment to sustainable, low-carbon mobility, aligning with the growing preference for environmentally friendly transport options [3] Company and Industry Overview - The Avelia Horizon trains will be part of an optional tranche of the existing Innovation Partnership contract between SNCF Voyageurs and Alstom, bringing the total order to 160 trains, including previous orders [4] - The Avelia Horizon train features innovative short locomotives and double-decker articulated cars, emphasizing high performance and eco-efficiency [5] - Maintenance costs for the new trains are projected to be over 30% lower than current levels, with design considerations for maintainability and a remote diagnostic system for predictive maintenance [6] - Alstom's Avelia Horizon is the only double-decker train capable of speeds exceeding 300 km/h, offering operational flexibility and high safety standards [7] - Alstom generated sales of €18.5 billion for the fiscal year ending March 31, 2025, and operates in 63 countries with a workforce of over 86,000 [8]

Alstom will manufacture 70 state-of-the-art, six-car Metropolis metro trains for the Toronto Transit Commission (TTC)The agreement, valued at 2.3 billion CAD (approx. 1.4 billion euros), includes New Subway Trains to replace the fleet on Toronto’s Line 2 as well as to serve on subway extension projectsThe new trains will be designed and engineered in Canada, with final assembly in Thunder Bay (Ontario) and testing in Kingston (Ontario), creating up to 945 direct jobs in the country. 15 January 2026 – Alstom ...

Alstom will manufacture 70 state-of-the-art, six-car Metropolis metro trains for the Toronto Transit Commission (TTC)The agreement, valued at 2.3 billion CAD (approx. 1.4 billion euros), includes New Subway Trains to replace the fleet on Toronto’s Line 2 as well as to serve on subway extension projectsThe new trains will be designed and engineered in Canada, with final assembly in Thunder Bay (Ontario) and testing in Kingston (Ontario), creating up to 945 direct jobs in the country. 15 January 2026 – Alstom ...

Group 1: Market Overview - Major U.S. index futures are indicating a higher open, with technology stocks expected to lead the rebound, as shown by a 1.0 percent increase in Nasdaq 100 futures [1] - The tech-heavy Nasdaq fell 238.12 points or 1.0 percent to 23,471.75, while the S&P 500 and Dow also experienced declines [5] - Concerns about rising geopolitical tensions contributed to the weakness on Wall Street [5] Group 2: Taiwan Semiconductor (TSMC) - Shares of Taiwan Semiconductor are up more than 5 percent in pre-market trading following a significant increase in fourth-quarter profits [2] - TSMC's capital expenditure levels indicate strong confidence in the ongoing AI boom, with guidance suggesting 30% growth by 2026 [3] Group 3: U.S. Economic Indicators - Initial jobless claims unexpectedly fell to 198,000, a decrease of 9,000 from the previous week's revised level of 207,000, contrary to economists' expectations of an increase [24][25] - Retail sales in the U.S. rose by 0.6 percent in November, exceeding expectations of a 0.4 percent increase [8][9] Group 4: Sector Performance - Software stocks saw a significant decline, dragging the Dow Jones U.S. Software Index down by 2.4 percent to its lowest level in eight months [10] - Airline and retail stocks also experienced notable weakness, while energy stocks showed significant strength [10] Group 5: International Markets - Asian stocks ended mixed, with Japan's Nikkei 225 Index dropping 0.4 percent and South Korea's Kospi surging 1.6 percent to a record high [12][15] - European stocks displayed mixed performance, with the U.K. GDP growing by 0.3 percent in November, surpassing expectations [18][19]