Trade Westinghouse Air Brake Technologies Corp - WAB CFD

Westinghouse Air Brake Company profile

About Westinghouse Air Brake Technologies Corp

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, is a provider of technology-based equipment, systems and services for the global freight rail and passenger transit industries. It operates through two segments: Freight and Transit. The Freight Segment primarily manufactures and provides aftermarket parts and services for new locomotives; provides components for new and existing locomotives and freight cars; builds new commuter locomotives; supplies rail control and infrastructure products; overhauls locomotives and provides heat exchangers and cooling systems for rail and other industrial markets. The Transit segment manufactures and services components for new and existing passenger transit vehicles, typically regional trains, high speed trains, subway cars, light-rail vehicles and buses, supplies rail control and infrastructure products including electronics, signal design and engineering services, and refurbishes passenger transit vehicles.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Westinghouse Air Brake Technologies Corp revenues increased 4% to $7.82B. Net income applicable to common stockholders increased 35% to $556M. Revenues reflect Freight Segment increase of 3% to $5.24B, Transit Segment increase of 4% to $2.58B, United States segment increase of 5% to $3.32B, Russia / CIS segment increase of 32% to $412M, India (Country) segment increase of 20% to $531M.

Equity composition

Common Stock $.01 Par, 3/11, 100M auth., 66,174,767 issd., less 18,002,604 shs. in Treas. @ $286.6M. Insiders control 4.61%. IPO 6/95, 7M shares @ $14 by Morgan Stanley & Co. *NOTE: 5/00, Name changed from Westinghouse Air Brake Co. FY'99 Q's are restated for 11/99 merger with Motive Power Industries, Inc. FY'03 Q's are being reclass.