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MarketScreener Homepage  >  Equities  >  Nyse  >  Westinghouse Air Brake Technologies Corporation    WAB

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

(WAB)
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Westinghouse Air Brake Technologies : Company Release- Wabtec Files Form 8-K Bridge Reconciliation

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02/24/2020 | 04:57pm EDT

Pittsburgh, PA, February 24, 2020 - Wabtec Corporation (NYSE: WAB) today filed a Form 8-K providing an unaudited pro forma condensed combined statement of income for the year ended December 31, 2019 Financial Statements relating to the combination of Wabtec and GE Transportation which occurred on February 25, 2019. Also included with the Form 8-K is a bridge which provides a reconciliation of Wabtec's pro forma results to Wabtec's previously reported 2019 financial results.

About Wabtec Corporation
Wabtec Corporation is a leading global provider of equipment, systems, digital solutions and value-added services for freight and transit rail. Drawing on nearly four centuries of collective experience across Wabtec, GE Transportation and Faiveley Transport, the company has unmatched digital expertise, technological innovation, and world-class manufacturing and services, enabling the digital-rail-and-transit ecosystems. Wabtec is focused on performance that drives progress, creating transportation solutions that move and improve the world. The freight portfolio features a comprehensive line of locomotives, software applications and a broad selection of mission-critical controls systems, including Positive Train Control (PTC). The transit portfolio provides highly engineered systems and services to virtually every major rail transit system around the world, supplying an integrated series of components for buses and all train-related market segments that deliver safety, efficiency and passenger comfort. Along with its industry-leading portfolio of products and solutions for the rail and transit industries, Wabtec is a leader in mining, marine, and industrial solutions. Based in Pittsburgh, PA, Wabtec has approximately 27,000 employees in facilities throughout the world. Visit: www.WabtecCorp.com.

Wabtec Investor Contact
Kristine Kubacki, CFA / Kristine.Kubacki@wabtec.com / 412-450-2033

Wabtec Media Contact
Deia Campanelli / Deia.Campanelli@wabtec.com / 773-297-0482

Company Release - Wabtec Files Form 8-K Bridge Reconciliation

Disclaimer

Wabtec Corporation published this content on 24 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2020 21:56:05 UTC

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Financials (USD)
Sales 2020 7 531 M
EBIT 2020 1 071 M
Net income 2020 511 M
Debt 2020 3 710 M
Yield 2020 0,87%
P/E ratio 2020 21,5x
P/E ratio 2021 14,5x
EV / Sales2020 1,93x
EV / Sales2021 1,78x
Capitalization 10 808 M
Chart WESTINGHOUSE AIR BRAKE TEC
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Technical analysis trends WESTINGHOUSE AIR BRAKE TEC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 66,55 $
Last Close Price 56,80 $
Spread / Highest target 47,9%
Spread / Average Target 17,2%
Spread / Lowest Target -3,17%
EPS Revisions
Managers
NameTitle
Rafael O. Santana President, Chief Executive Officer & Director
Albert J. Neupaver Executive Chairman
Gregory Sbrocco Senior Vice President-Global Operations
Patrick David Dugan Chief Financial Officer & Executive VP-Finance
Dominique Malefant Senior Vice President-Global Technology