Westinghouse Air Brake Technologies Stock News

PITTSBURGH--(BUSINESS WIRE)--The Wabtec Foundation, the philanthropic arm of Wabtec Corporation (NYSE: WAB), today announced a donation of $100,000 to support Ukrainian refugee relief efforts. The donation will be split equally between the International Rescue Committee (IRC) and World Central Kitchen, which are in the region helping the growing number of civilians leaving Ukraine. “In times like this, it’s important for the world to come together to support those most impacted by this conflict

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Wabtec (WAB) banks on strong liquidity and higher sales. However, high capex is a concern.

Wabtec (WAB) banks on strong liquidity and higher sales. However, high capex is a concern.

Engineering firm Wabtec is accused by an MP of using the "tactics" at its site in Birkenhead.

The tensions between Russia and Ukraine are flaring up after Russian President Vladimir Putin recognized the independence of two separatist regions in eastern Ukraine and positioned Russian troops in

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Wall Street closed mixed after a choppy trading session on Wednesday.

On CNBC’s “Halftime Report Final Trades,” Pete Najarian chose Patterson-UTI Energy, Inc. (NASDAQ: PTEN). The stock has climbed more than 50% year to date. Karen Firestone of Aureus Asset Managem

On CNBC’s “ Halftime Report Final Trades ,” Pete Najarian chose Patterson-UTI Energy, Inc. (NASDAQ: PTEN ). The stock has climbed more than 50% year to date. Karen Firestone of Aureus Asset Management named Westinghouse Air Brake Technologies Corp … Full story available on Benzinga.com

Supply-chain disruptions hurt Wabtec's (WAB) Q4 sales to the tune of 3-4%.

Supply-chain disruptions hurt Wabtec's (WAB) Q4 sales to the tune of 3-4%.

Westinghouse Air Brake Technologies Corp (NYSE: WAB ) (Wabtec) reported fourth-quarter FY21 sales growth of 2.4% year-over-year to $2.07 billion, missing the consensus of $2.18 billion. Adjusted EPS $1.18 (+20.4% Y/Y), beating consensus of $1.17. The gross margin expanded by 650 bps to 31.5%. The adjusted gross margin was 31.7%, up by 570 bps. The operating margin was 12.7%, up by 470 bps, and expanded by 210 bps to 16.1% on an adjusted basis. Adjusted EBITDA increased by 17.9% Y/Y to $396 million, and margin expanded by 250 bps to 19.1%. The company noted … Full story available on Benzinga.com