whytestocks
6 years ago
News: $WAB Wabtec and GE Modify Terms of Transaction, Expect to Close By End of February 2019
WILMERDING, Pa. and BOSTON, Jan. 25, 2019 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE: WAB) and GE (NYSE: GE) announced today they have modified the terms of their merger agreement and today will publicly file S4 and S1 registration statements, respectively, with the U.S. Securities ...
Got this from https://marketwirenews.com/news-releases/wabtec-and-ge-modify-terms-of-transaction-expect-to-close-by-end-of-february-2019-7551124.html
56Chevy
10 years ago
Westinghouse Air Brake Technologies Delivers Record Earnings
April 22, 2015
Westinghouse Air Brake Technologies (NYSE: WAB ) , or Wabtec, reported strong first-quarter results before the market opened this morning. Not only did the company beat analysts' estimates, but it raised guidance for the full year. Here's a quick look at the quarter and what to expect from the company in 2015.
[....]
Wabtec also begins the year with a solid balance sheet, as the company has $249 million in cash against just $421 million in debt.
A look ahead
Due in part to the company's strong first-quarter results, Wabtec now expects full-year earnings to be higher than its previous guidance. The company now sees full-year earnings hitting $4.10 per share, which is above the $4.05 per share the company guided to just last quarter. That's about 13% higher than last year's earnings of $3.62 per share. Wabtec also sees revenue increasing by about 10% this year.
[....]
http://www.fool.com/investing/general/2015/04/22/westinghouse-air-brake-technologies-delivers-recor.aspx
Marker:
Wabtec Corp. (WAB)
$100.64 UP 6.59 (7.01%)
Volume: 1,101,446
56Chevy
10 years ago
U.S. Tank Car Rule To Require Electronic Train Brakes (5/01/15)
U.S. working closely with Canada on rail rule
U.S. transportation regulators Friday will issue tough new rules for railroads hauling crude oil and ethanol that will require trains be equipped with expensive new brake systems, according to a person familiar with the rules.
The regulations will also require that sturdier tank cars be built for hauling oil, ethanol and other flammable liquids and prescribes upgrades for an estimated 154,500 tank cars already carrying flammables.
The person familiar with the new tank car rules said that trains carrying large volumes of crude oil will be restricted to 30 mile an hour speeds if they don’t have new electronic brakes installed by 2021. Other flammable liquids, including ethanol in high volumes would be speed-restricted after 2023.
The rules, which will be unveiled Friday in a joint announcement by U.S. and Canadian regulators, were tougher than expected. The electronically controlled pneumatic brakes deploy faster than the air brakes now used on freight trains.
Freight railroads maintain that installing them on existing railcars and locomotives would be prohibitively expensive and take years of work fully implement. The cost of installing ECP brakes on an existing railcar is estimated at $8,000 to $10,000, according to rail industry consultants. It wasn’t immediately clear whether Canadian regulators will also require electronic brakes.
The decadelong phase-in requirement for upgrading tank cars already in service is double the time originally suggested by U.S. transportation regulators for completing retrofits. Transportation safety advocates and railcar builder Greenbrier Cos. have said that 10 years is too long and have urged that older cars be upgraded or removed from service sooner.
Several fiery crashes of crude-oil trains, including four this year alone, have ratcheted up pressure on government officials to reduce the risks posed by dozens of crude-oil trains a day traveling through metropolitan areas on their way to refineries.
http://www.wsj.com/articles/u-s-tank-car-rule-to-require-electronic-train-brakes-1430487467?mod=rss_US_News
Marker:
Wabtec Corp. (WAB)
$99.73 UP 5.68 (6.04%)
Volume: 859,123
Penny Roger$
13 years ago
Westinghouse Air Brake Technologies Corporation (Wabtec), doing business as Wabtec Corporation, is a provider of technology-based equipment and services for the rail industry worldwide. Wabtec operates in two business segments: the Freight Group and the Transit Group. Its product lines in its business segments include: railway braking equipment and related components; freight car truck components; draft gears, couplers and slack adjusters; air compressors and dryers; signal design and engineering services; friction products, including brake shoes and pads; rail and bus door assemblies; track and switch products, and traction motors. On March 12, 2010, the Company acquired Xorail LLC (Xorail). On July 28, 2010, the Company acquired G&B Specialties, Inc. (G&B). On August 20, 2010, it acquired Bach-Simpson Corporation (Bach-Simpson). On November 5, 2010, Wabtec acquired all of the assets of Swiger Coil Systems (Swiger).
http://www.google.com/finance?q=WAB
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vibes
7 years ago
SuperSquirrel
11 years ago
