other material
confidence high
sentiment neutral
materiality 0.40
Wabtec adds Wabtec US Rail as note guarantor; reports Q1 2025 net sales $1.53B, net income $33M
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
- Wabtec US Rail, Inc. added as guarantor of 3.20%/3.45%/4.70%/5.611% Senior Notes due 2025-2034.
- Combined issuer+guarantors net sales $1.53B for Q1 2025, $5.95B for FY 2024.
- Combined net income attributable to Wabtec shareholders $33M (Q1 2025) vs ($104M) (FY 2024).
- Combined current assets $1.45B, long-term debt $2.96B as of March 31, 2025.
- Combined entity had $7.66B due to non-guarantor subsidiaries at quarter end.