Beverly Babcock
On July 1, 2022, Beverly Babcock was elected to serve as a member of the board of directors of Westinghouse Air Brake Technologies Corporation (“Wabtec”).
Highest-materiality recent filing
Wabtec Q2 2026: Sales $3.18B (+17.5% YoY), Adj. EPS $2.76 (+21.6%), FY guidance raised
GAAP EPS $2.33 (+18.9% YoY); adjusted EPS $2.76 (+21.6% YoY).
WAB shareholders elect three directors, approve say-on-pay and auditor at annual meeting
Directors Rafael Santana, Lee C. Banks, and Byron S. Foster elected for three-year terms ending 2029.
Wabtec Q1 2026: Sales $2.95B (+13%), Adj EPS $2.71 (+18.9%), Raises FY EPS guide
GAAP diluted EPS $2.12 (+12.8% YoY); revenue $2.95B (+13.0% vs Q1 2025).
Wabtec posts investor presentation; content not disclosed in filing excerpt
Filed investor presentation under Item 7.01 Regulation FD on March 3, 2026.
Wabtec Q4 adjusted EPS up 25% YoY to $2.10; 2026 EPS guidance $10.05-$10.45
Q4 sales $2.97B (+14.8% YoY); FY sales $11.17B (+7.5%); Q4 adjusted EPS $2.10 vs $1.68; FY adjusted EPS $8.97 vs $7.56.
Wabtec Q3 2025 adjusted EPS $2.32 (+16% YoY); raises FY2025 adjusted EPS guidance to $8.85-$9.05
Sales $2.89B (+8.4% YoY); GAAP EPS $1.81 (+11%); GAAP operating margin 17.0%.
Wabtec Q2 Adj EPS $2.27 (+15.8%); raises FY2025 Adj EPS guidance to $8.55-$9.15
GAAP EPS $1.96 (+19.5% YoY); Adjusted EPS $2.27 (+15.8% YoY) on sales $2.71B (+2.3%).
Wabtec completes $1.78B acquisition of Evident Inspection Technologies division
Acquired for $1.78B (~$1.68B net of tax benefits); financed with cash, term notes, and loans.
Wabtec issues $1.25B in senior notes: $500M 4.900% due 2030, $750M 5.500% due 2035
Aggregate principal $1.25B: $500M at 4.900% due 2030; $750M at 5.500% due 2035.
Wabtec prices $1.25B senior notes offering; proceeds for acquisition and refinancing
$500M 4.900% notes due 2030 and $750M 5.500% notes due 2035 priced on May 19, 2025.
Wabtec shareholders elect three directors and approve executive compensation and auditor
Elected Ann R. Klee, Albert J. Neupaver, and Juan Perez as directors for three-year terms ending 2028.
Wabtec adds Wabtec US Rail as note guarantor; reports Q1 2025 net sales $1.53B, net income $33M
Wabtec US Rail, Inc. added as guarantor of 3.20%/3.45%/4.70%/5.611% Senior Notes due 2025-2034.
Wabtec enters into $2.725B credit facility, refinances existing debt
New $2.0B revolving credit facility and $725M delayed draw term loan, maturing April 23, 2030.
Wabtec Q1 2025 adjusted EPS $2.28 (+20.6% YoY); raises FY2025 EPS guidance mid-point by $0.10
Sales $2.61B (+4.5% YoY); GAAP EPS $1.88 (+22.9%); adjusted EPS $2.28 (+20.6%).
Company posted an investor presentation on its website on February 18, 2025.
Wabtec Q4 adjusted EPS $1.68 vs $1.54 YoY; guides 2025 EPS $8.35-8.75, raises dividend 25%
Q4 GAAP EPS $1.23 (+2.5% YoY); adjusted EPS $1.68 (+9.1% YoY); sales $2.58B (+2.3% YoY).
Wabtec acquires Evident Inspection Technologies for $1.78B; expects H1 2025 close
Purchase price $1.78B ($1.68B after tax benefits); 12.0x projected 2025 Adj. EBITDA.
Wabtec board authorizes $1.0B increase to existing stock repurchase program
Additional $1.0B authorized after current repurchase program availability is expended.
Wabtec Elects Juan Perez to Board of Directors
Juan Perez elected to Wabtec board effective January 29, 2025, joining class of directors with term expiring in 2025.
Wabtec Q3 adj. EPS $2.00 (+17.6% YoY); raises FY24 adj. EPS guidance to $7.45-$7.65
GAAP diluted EPS of $1.63 (+22.6% YoY); adjusted diluted EPS of $2.00 (+17.6% YoY).
Wabtec Q2 2024 adjusted EPS $1.96 (+39% YoY), raises FY2024 guidance to $7.20-$7.50
Sales $2.64B, +9.8% YoY; Freight segment sales +13.1% to $1.92B.
Directors elected: Harty 139.3M for, Hehir 135.9M for, Babcock 148.9M for; all three-year terms expiring 2027.
Wabtec Q1 2024 sales up 13.8% to $2.50B, adj. EPS $1.89 (+47.7% YoY); raises FY guidance
GAAP EPS $1.53 (+64.5% YoY); Adjusted EPS $1.89 (+47.7% YoY); Adjusted operating margin 19.8% (+3.4 pts).
Wabtec enters $225M unsecured term loan facility due 2029
$225M unsecured term loan with five-year maturity, closed March 14, 2024.
Wabtec posts investor presentation to IR website; content not fully provided
Investor presentation made available on Wabtec's IR site on March 13, 2024.
WAB raises $500M in 5.611% Senior Notes due 2034; plans $225M term loan
Issued $500M aggregate principal of 5.611% Senior Notes maturing March 11, 2034.
Wabtec prices $500M 5.611% senior notes due 2034 to refinance 2024 notes
Offering of $500M aggregate principal amount of 5.611% Senior Notes due 2034 priced Feb 26, 2024.
Wabtec Q4 adj. EPS $1.54 (+18.5% YoY), sales $2.53B (+9.5%); FY24 adj. EPS guidance $6.50–$6.90
Q4 GAAP EPS $1.20 (+39.5% YoY), adjusted EPS $1.54 (+18.5%); full-year GAAP EPS $4.53.
Wabtec Q3 adj. EPS $1.70 (+39% YoY); raises FY2023 guidance
GAAP EPS $1.33 (+51.1% YoY), adjusted EPS $1.70 (+39.3%), sales $2.55B (+22.5%).
Wabtec Q2 sales up 17.5% to $2.41B; adj. EPS $1.41, raises FY guidance mid-point 16% YoY
GAAP EPS $1.06 (+16.5% YoY); adjusted EPS $1.41 (+14.6% YoY); revenue $2.41B vs $2.05B.
Wabtec stockholders approve all four proposals at 2023 annual meeting
Elected three directors: Rafael Santana (146.9M for), Lee C. Banks (139.9M for), Byron S. Foster (141.9M for); each to three-year term.
Wabtec Q1 sales up 13.9% to $2.19B; adj EPS $1.28, up 13.3% YoY
GAAP EPS $0.93, up 16.3%; adjusted EPS $1.28, up 13.3% vs Q1 2022.
Wabtec posts investor presentation for 2023 strategy and outlook
Presentation posted to Wabtec IR website on March 17, 2023, covering 2023 strategy and financial outlook.
Wabtec Q4 sales +11.2% to $2.31B; adj. EPS $1.30 (+10.2%); FY23 guidance; dividend up 13%
Q4 GAAP EPS $0.86 (-15.7% YoY); adjusted EPS $1.30 (+10.2%); GAAP operating margin 10.7%.
Quarterly dividend raised 13% to $0.17 per share; payable March 10, 2023 to holders of record Feb 24.
Wabtec enters new severance agreements with CEO Santana, CFO Olin, and three other named executives
Replaces prior ECA and severance agreements with CEO Santana ($1.25M minimum base, 160% target bonus).
Wabtec Q3 sales $2.08B (+9.1%), adj EPS $1.22 (+7%), narrows FY guidance on FX
Q3 sales $2.08B (+9.1% YoY); GAAP EPS $0.88 (+27.5%), adj EPS $1.22 (+7.0%).
Wabtec expands revolver to $1.5B, adds $250M delayed draw term loan, extends maturity to 2027
Revolving credit facility increased from $1.2B to $1.5B.
Wabtec Q2 adj EPS $1.23 (+16% YoY); backlog $23.2B; guidance narrowed
Q2 GAAP EPS $0.91 (+37.9% YoY); adjusted EPS $1.23 (+16% YoY).
Wabtec secures >$1B deal with Union Pacific for 600 locomotive modernizations
Agreement worth over $1 billion, largest locomotive modernization order in rail history.
Wabtec detects cyber security incident on June 26; does not expect material impact
Incident detected on June 26, 2022, impacted company's network.
Wabtec appoints Beverley Babcock to Board of Directors effective July 1, 2022
Beverley Babcock elected to Wabtec's board; her term expires in 2024.
Wabtec board appoints Linda Harty as Lead Director and new committee chairs
Linda Harty appointed Lead Director and chair of Nominating and Corporate Governance Committee.
WAB announces director retirements and annual meeting voting results
Directors Lee B. Foster and Michael Howell retired from the Board on May 18, 2022.
Wabtec Q1 GAAP EPS $0.80, adj EPS $1.13 (+27%); dividend raised 25%
GAAP EPS $0.80, adjusted EPS $1.13 (+27% YoY); GAAP op margin 12.4%, adjusted 16.5%.
WAB amends equity plan with double-trigger vesting upon change of control
Board approved amendment to 2011 Stock Incentive Plan effective March 31, 2022, adopting double-trigger vesting for awards upon a change of control.
Wabtec outlines five-year growth targets and $75-90M Integration 2.0 savings plan
Five-year targets: mid-single-digit core organic CAGR, 250-300 bps adjusted margin expansion, double-digit adjusted EPS CAGR.
Wabtec Q4 GAAP EPS $1.02, adj. EPS $1.18; 2022 guidance issued; buyback reauthorized, dividend +25%
Q4 GAAP EPS $1.02 (+121.7% YoY); adjusted EPS $1.18 (+20.4%); sales $2.07B (+2.4%).
Wabtec amends credit agreement to replace LIBOR with SONIA and €STR for Sterling and Euro loans
Third Amendment to Credit Agreement changes interest rate benchmark from LIBOR to SONIA for Sterling borrowings and to €STR for Euro borrowings, effective December 29, 2021.
Wabtec Q3 adj EPS $1.14, up 20% YoY; sales $1.91B; tightens FY21 guidance
GAAP EPS $0.69; adj EPS $1.14 (+20% YoY); operating cash flow $244M in Q3.
On July 1, 2022, Beverly Babcock was elected to serve as a member of the board of directors of Westinghouse Air Brake Technologies Corporation (“Wabtec”).
On May 18, 2022, Mr. Lee B. Foster and Mr. Michael Howell, each a member of the Board of Directors (the “Board”) of Westinghouse Air Brake Technologies Corporation (the “Company”), retired from the Board.
On May 18, 2022, Mr. Lee B. Foster and Mr. Michael Howell, each a member of the Board of Directors (the “Board”) of Westinghouse Air Brake Technologies Corporation (the “Company”), retired from the Board.
As previously announced by Westinghouse Air Brake Technologies Corporation (the “Company”) on August 11, 2021, Patrick A. Dugan, Executive Vice President Finance and Chief Financial Officer, will leave the Company to pursue other opportunities, and is expected to do so in the fourth quarter of 2021.
Patrick A. Dugan, Executive Vice President Finance and Chief Financial Officer, is leaving the Company to pursue other opportunities.
the Company’s Board of Directors (the “Board”) appointed John A. Olin, 60, to succeed Mr. Dugan, effective October 1, 2021
On July 8, 2021, Byron Foster was elected to serve as a member of the board of directors of Westinghouse Air Brake Technologies Corporation (“Wabtec”).
Max materiality 0.85 · Median 0.65 · Most common event earnings