WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP — fact timeline
Source-grounded facts extracted from WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP shareholders approved Ratification of the appointment of Ernst & Young LLP as independent registered public accounting firm for the 2026 fiscal year at the 2026-05-12 meeting.
“3. Ratification of the appointment of Ernst & Young LLP as independent registered public accounting firm for the 2026 fiscal year. For Against Abstained Broker Non-Votes 139,400,395 14,520,740 122,258 N/A”
Shareholder Votes
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP shareholders approved Approval of an advisory (non-binding) resolution relating to 2025 named executive officer compensation at the 2026-05-12 meeting.
“2. The approval of an advisory (non-binding) resolution relating to 2025 named executive officer compensation. For Against Abstained Broker Non-Votes 135,106,344 11,322,714 363,348 7,250,987”
Shareholder Votes
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP shareholders approved Election of three directors for a three-year term expiring in 2029 at the 2026-05-12 meeting.
“1. The election of three directors for a three-year term expiring in 2029: Name of Director For Against Abstained Broker Non-Votes Rafael Santana 135,039,022 11,660,882 92,502 7,250,987 Lee C. Banks 126,867,017 19,833,906 91,483 7,250,987 Byron S. Foster 134,839,590 11,861,208 91,608 7,250,987”
Earnings Releases
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP reported first quarter 2026 results: revenue $2.95 billion, EPS $2.12.
“remain well positioned to deliver profitable growth and continue compounding long-term value for our shareholders.” Rafael Santana President and CEO • Sales Growth of 13.0% to $2.95 Billion Driven by Both the Freight and Transit Segments • GAAP Operating Margin at 17.5%; Adjusted Operating Margin Up 0.2 pts to 21.9% • Strong Multi-year Backlog at $30.80 billion;”
Debt Financings
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP incurred term loan of $725.0 million with PNC Bank, National Association at SOFR/RFR-based borrowings spread between 1.000% and 1.750% maturing April 23, 2030.
“provides for a revolving credit facility in an aggregate principal amount of up to $2.0 billion (the “Revolving Credit Facility”) and a delayed draw term loan facility of $725.0 million (the “Term Loan Facility”)”
Debt Financings
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP incurred revolving credit of up to $2.0 billion with PNC Bank, National Association at SOFR/RFR-based borrowings spread between 1.000% and 1.750% maturing April 23, 2030.
“term Credit Agreement, dated as of March 14, 2024 (the “Existing Term Credit Agreement”); ● provides for a revolving credit facility in an aggregate principal amount of up to $2.0 billion (the “Revolving Credit Facility”) and a delayed draw term loan facility of $725.0 million (the “Term Loan Facility”), approximately (i) $250 million of which refinanced the”
Shareholder Votes
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP shareholders approved Ratification of the appointment of Ernst & Young LLP as independent registered public accounting firm for fiscal year 2024 at the 2024-05-16 meeting.
“3. Ratification of the appointment of Ernst & Young LLP as independent registered public accounting firm for fiscal year 2024. For Against Abstained 151,508,538 8,377,954 115,527”
Shareholder Votes
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP shareholders approved Approval of an advisory (non-binding) resolution relating to 2023 named executive officer compensation at the 2024-05-16 meeting.
“2. The approval of an advisory (non-binding) resolution relating to 2023 named executive officer compensation. For Against Abstained Broker Non-Votes 145,314,939 6,639,909 138,675 7,908,496”
Shareholder Votes
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP shareholders approved Election of three directors for a three-year term expiring in 2027 at the 2024-05-16 meeting.
“1. The election of three directors for a three-year term expiring in 2027: For Against Abstained Broker Non- Votes Linda A. Harty 139,291,706 12,663,786 138,031 7,908,496 Brian P. Hehir 135,903,336 16,065,824 124,363 7,908,496 Beverley A. Babcock 148,899,319 3,088,128 106,076 7,908,496”
Earnings Releases
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP reported first quarter 2024 results: revenue $2.50 billion, EPS $1.53. Guidance raised.
“of $1.53, Up 64.5%; Adjusted Earnings Per Share of $1.89, Up 47.7% • GAAP Operating Margin at 16.5%; Adjusted Operating Margin Up 3.4 pts to 19.8% • Sales Growth of 13.8% to $2.50 billion; Freight Segment Sales Growth of 17.2% • Returned $211 million to Shareholders via Share Repurchases and Dividends • Raises 2024 Financial Guidance of Adjusted EPS to Between”
Debt Financings
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP incurred term loan of $225.0 million at range between 1.000% and 1.750% for Term SOFR maturing the fifth anniversary of the Closing Date.
“on March 14, 2024 (the “Closing Date”), Westinghouse Air Brake Technologies Corporation (the “Company” or “Wabtec”) entered into a Term Credit Agreement, dated as of March 14, 2024 (the “2024 Credit Agreement”). The 2024 Credit Agreement is a standalone credit agreement, consisting of a new term loan facility in an aggregate initial principal amount of $225.0 million U.S. dollars (“2024 Term Loan Facility”).”
Debt Financings
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP incurred senior notes of $500,000,000 aggregate principal amount with Computershare Trust Company, National Association; U.S. Bank Trust Company, National Association at 5.611% per year maturing March 11, 2034.
“On March 11, 2024, Westinghouse Air Brake Technologies Corporation (the “Company”) completed a public offering and sale of $500,000,000 aggregate principal amount of the Company’s 5.611% Senior Notes due 2034 (the “notes”).”
Material Agreements
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP entered into Twelfth Supplemental Indenture to the Indenture dated as of August 8, 2013, for 5.611% Senior Notes due 2034 with Computershare Trust Company, National Association; U.S. Bank Trust Company, National Association valued at $500,000,000 aggregate principal amount of 5.611% Senior Notes due 2034 (effective 2024-03-11).
“On March 11, 2024, Westinghouse Air Brake Technologies Corporation (the “Company”) completed a public offering and sale of $500,000,000 aggregate principal amount of the Company’s 5.611% Senior Notes due 2034 (the “notes”).”
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP updated its third quarter 2023 guidance (raised).
“On October 25, 2023, Westinghouse Air Brake Technologies Corporation (the “Company”) issued a press release reporting, among other things, the Company’s 2023 third quarter results.”
Shareholder Votes
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP shareholders approved Ratification of the appointment of Ernst & Young LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-05-17 meeting.
“4. Ratification of the appointment of Ernst & Young LLP as independent registered public accounting firm for fiscal year 2023. For Against Abstained Broker Non-Votes 151,306,061 5,901,392 135,523 0”
Shareholder Votes
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP shareholders approved Approval of an advisory (non-binding) vote on how often the Company should conduct a stockholder advisory vote on named executive officer compensation at the 2023-05-17 meeting.
“3. The approval of an advisory (non-binding) vote on how often the Company should conduct a stockholder advisory vote on named executive officer compensation: 1 Year 2 Years 3 Years Abstained 146,739,148 81,954 2,535,655”
Shareholder Votes
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP shareholders approved Approval of an advisory (non-binding) resolution relating to 2022 named executive officer compensation at the 2023-05-17 meeting.
“2. The approval of an advisory (non-binding) resolution relating to 2022 named executive officer compensation. For Against Abstained Broker Non-Votes 139,010,279 10,225,318 215,810 7,891,569”
Shareholder Votes
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP shareholders approved Election of three directors for a three-year term expiring in 2026 at the 2023-05-17 meeting.
“1. The election of three directors for a three-year term expiring in 2026: Name of Director For Against Abstained Broker Non-Votes Rafael Santana 146,959,585 2,402,086 89,736 7,891,569 Lee C. Banks 139,943,584 9,329,293 178,530 7,891,569 Byron S. Foster 141,915,728 7,356,883 178,796 7,891,569”
Earnings Releases
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP reported first quarter 2023 results: revenue $2.19 billion, EPS $0.93 per diluted share. Guidance reaffirmed.
“Wabtec Corporation (NYSE: WAB) today reported first quarter 2023 GAAP earnings per diluted share of $0.93, up 16.3% versus the first quarter of 2022. Adjusted earnings per diluted share were $1.28, up 13.3% versus the same quarter a year ago. First quarter sales were $2.19 billion driven by strong sales across the portfolio.”
Earnings Releases
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP reported 2023 fiscal year results: revenue $8.7 billion to $9.0 billion, EPS Adjusted earnings per diluted share is expected to be in a range of $5.15 to $5.55. Guidance initiated.
“Wabtec issues 2023 financial guidance with sales expected to be in a range of $8.7 billion to $9.0 billion. Adjusted earnings per diluted share is expected to be in a range of $5.15 to $5.55.”
“reference in such a filing. --- EX-99.1 (EX-99.1) --- earningsrelease4q22vfina News Release Wabtec Reports Strong Fourth Quarter 2022 Results Sales Growth of 11.2% to $2.31 Billion; Sales Up 15.7% Excluding Impacts of Foreign Currency Exchange Fourth Quarter Reported GAAP Earnings Per Share of $0.86; Adjusted Earnings Per Share of $1.30 Fourth Quarter”
Governance Changes
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP: Updated procedural mechanics for stockholder nominations and proposals, incorporating universal proxy card rules, and made conforming changes (effective 2023-02-10).
“On February 10, 2023, as part of its periodic review of corporate governance matters and in connection with the new Securities and Exchange Commission rules regarding "universal" proxy cards, the Board of Directors (the “Board”) of Westinghouse Air Brake Technologies Corporation (the “Company”) approved an amendment and restatement of the Company’s Amended and Restated Bylaws (as amended and restated, the “Amended Bylaws”), effective as of such date. The amendments, among other things: • update the procedural mechanics and disclosure requirements in connection with stockholder nominations of directors and submissions of proposals, including to address rules related to the use of “universal” proxy cards adopted by the Securities and Exchange Commission under new Rule 14a-19 and information to be provided in connection with a stockholder director nomination or submission of non-Rule 14a-18 proposals; • require that a stockholder soliciting proxies from other stockholders use a proxy card”
Earnings Releases
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP reported the fiscal year 2022 results: revenue $8.15 billion to $8.35 billion, EPS $4.75 to $4.95 per diluted share. Guidance lowered.
“Wabtec updated its 2022 financial guidance with sales expected to be in a range of $8.15 billion to $8.35 billion versus previous guidance of $8.3 billion to $8.6 billion. The reduction reflects the expected impacts from unfavorable foreign currency exchange in the second half of the year. Adjusted earnings per diluted share is expected to be in a range of $4.75 to $4.95 versus previous guidance of $4.70 to $5.00.”
Earnings Releases
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP reported the third quarter of 2022 results: revenue $2.08 billion, EPS $0.88 per diluted share.
“Wabtec Corporation (NYSE: WAB) today reported third quarter 2022 GAAP earnings per diluted share of $0.88, up 27.5% versus the third quarter of 2021. Adjusted earnings per diluted share were $1.22, up 7.0% versus the same quarter a year ago. Third quarter sales were $2.08 billion, and cash from operations was $204 million.”
Beverly Babcock was elected as director at WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.
“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”).”
Michael Howell retired as Director at WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.
“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.”
Lee B. Foster retired as Director at WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.
“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.”
Patrick A. Dugan departed as Executive Vice President Finance and Chief Financial Officer at WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.
“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.”
John A. Olin was appointed as Executive Vice President and Chief Financial Officer at WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.
“the Company’s Board of Directors (the “Board”) appointed John A. Olin, 60, to succeed Mr. Dugan, effective October 1, 2021”
Patrick A. Dugan departed as Executive Vice President Finance and Chief Financial Officer at WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.
“Patrick A. Dugan, Executive Vice President Finance and Chief Financial Officer, is leaving the Company to pursue other opportunities.”
Byron Foster was elected as member of the board of directors at WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.
“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”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.