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SECURITY: WAB (Common) EXCHANGE:
New York Stock Exchange
Wabtec Corporation is
a leading supplier of value-added, technology-based products and services
for rail, transit and other global industries.
Through its subsidiaries,
the company manufactures a broad range of products for locomotives, freight
cars and passenger transit vehicles for original equipment and aftermarket
usage. The company also builds new locomotives up to 4,000 horsepower and
provides aftermarket services.
Wabtec
Awarded $8 Million Contract To Overhaul Commuter Locomotives Sep 07, 2005
PDF
Wabtec
Declares Regular Quarterly Dividend August 1, 2005 PDF
Wabtec
Reports Second Quarter EPS Of 32 Cents, Up 60 Percent, On Revenue Increase
Of 31 Percent July 26, 2005 PDF
Wabtec
Unit Signs $12 Million Contract To Overhaul Locomotives For Helm
WILMERDING,
Pa., June 7, 2005 – Wabtec Corporation (NYSE: WAB) today announced that
its MotivePower subsidiary has signed a $12 million contract to overhaul
70 locomotives for Helm Financial Corporation, a lessor of freight cars
and locomotives.
The
locomotives are currently in service for the Union Pacific Railroad and
will be delivered to the railroad as the overhauls are completed. The work
will be performed at MotivePower’s Boise, Idaho facility, with deliveries
beginning in the third quarter of 2005 and ending in late 2006.
Wabtec
Earnings Up 82 Percent In First Quarter 2005; Company Affirms 2005 Earnings
Guidance
WILMERDING,
Pa., April 26, 2005 -- Wabtec Corporation (NYSE: WAB) today announced that
its first quarter 2005 earnings per diluted share increased 82 percent,
compared to the year-ago quarter. For the 2005 first quarter, Wabtec reported
earnings per diluted share of 20 cents, net income of $9.2 million and
EBITDA of $23.8 million. In the
year-ago
first quarter, the company had earnings per diluted share of 11 cents,
net income of $4.8 million and EBITDA of $16.8 million. The company said
the improved results were due primarily to higher sales.
Wabtec
also affirmed its previous guidance for 2005 full-year earnings per diluted
share of about $1.10, a growth rate of about 55 percent compared to 2004.
“We
are off to a solid start in 2005 and expect our momentum to continue through
the year,” said William E. Kassling, Wabtec’s chairman, president and chief
executive officer.
“Our
view is based on several positive indicators in the North American freight
rail market, including continued growth in rail traffic, and strong orders
for new freight cars and locomotives. For example, carloadings and revenue
ton-miles are both up about 3 percent year-to-date, and intermodal loadings
are up more than 7 percent. Orders for new freight
cars
were about 40 percent higher than in the fourth quarter of 2004 and first-quarter
deliveries hit their highest level in five years. In addition to these
positive marketconditions, we are confident that our internal growth strategies
and efforts to improve our cost structure will benefit us in 2005 and beyond.” |