Wabtec acquires ATP
Wabtec Corp. has acquired Aero Transportation Products (ATP), a manufacturer of engineered freight car components with annual sales of about $40 million.
Wabtec
Wabtec lands $97 million TEXRail C&S contract
Wabtec Corp. has signed a $97 million contract to provide signaling and communication services for TEXRail, a new, 27-mile, double-track Fort Worth Transportation Authority commuter rail service expected to open in 2018.
For Wabtec, a challenging 2016
Wabtec Corp. on Feb. 21 reported results for 2016’s fourth quarter and full year, and issued financial guidance for 2017, that reflects “significant headwinds” in the freight and industrial markets, as well as ongoing effects from its acquisition of Faiveley Transport.
Wabtec acquires Workhorse Rail
Wabtec Corporation announced Dec. 20 that it has acquired Workhorse Rail LLC, a supplier of engineered freight car components, mainly for the aftermarket.
Wabtec updates 4Q guidance, provides 2017 projections
Wabtec on Dec. 1 released 4Q 2016 guidance and preliminary guidance for 2017:
Wabtec reports 3Q results, updates Faively Transport acquisition
Wabtec Corporation reported on Oct. 25 results for the 2016 third quarter, updated 2016 full-year guidance and announced modified terms for its acquisition of Faiveley Transport.
TRRA awards PTC contract to Wabtec
The Terminal Railroad Association of St. Louis on May 24, 2016 awarded Wabtec Corp. a contract worth about $21 million to design, install, test and commission a Positive Train Control (PTC) system.
Wabtec acquires Unitrac, Pride Bodies
Wabtec Corp. on May 9, 2016 completed its acquisitions of Unitrac Railroad Materials and Pride Bodies Ltd., both of which provide a variety of track-related products and services.
Wabtec reports first quarter EPS of $1.02
Wabtec Corporation on April 26, 2016 reported results for first-quarter 2016, with higher sales in the company’s Transit Group more than offset by lower sales in the Freight Group, leading to $772 million in sales for the quarter. Changes in foreign exchange rates reduced sales by about $18 million compared to the year-ago quarter.
Wabtec signs $30 million contract to provide PTC for NICTD
Wabtec Corporation announced April 14, 2016 that it has signed a contract worth about $30 million to provide equipment and services for a Positive Train Control (PTC) system for the Northern Indiana Commuter Transportation District (NICTD). The contract is with Parsons Transportation Group (PTG), which will execute the role of System Integrator.