OverviewSuggest Edit

Westinghouse Air Brake Technologies (Wabtec) is a global provider of technology-based products and services primarily for the freight rail and passenger transit industries. It operates in two business segments: Freight and Transit. The Freight segment manufactures aftermarket parts and services for new locomotives, provides components for new and existing locomotives and freight cars, supplies rail control and infrastructure products including electronics, positive train control equipment, signal design, and engineering services. The Transit segment manufactures and services components for new and existing passenger transit vehicles, typically regional trains, high-speed trains, subway cars, light-rail vehicles, and buses, supplies rail control and infrastructure products including electronics, signal design, and engineering services, and refurbishes passenger transit vehicles.
TypePublic
Founded1869
HQPittsburgh, PA, US
Websitewabteccorp.com
Employee Ratings3.6
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2021)25,000(-7%)
Job Openings1,181
Revenue (FY, 2021)$7.8 B(+4%)
Share Price (May 2022)$86.4(-1%)
Cybersecurity ratingCMore
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Key People/Management at Wabtec

Rafael Santana

Rafael Santana

President & Chief Executive Officer, Director
Lilian Leroux

Lilian Leroux

President, Transit
Rogerio Mendonca

Rogerio Mendonca

President, Freight Equipment
Mike Fetsko

Mike Fetsko

President, Freight and Industrial Components
Nalin Jain

Nalin Jain

President, Digital Electronics
Pascal Schweitzer

Pascal Schweitzer

President, Freight Services
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Wabtec Office Locations

Wabtec has offices in Pittsburgh, Boise, Carson City, Cedar Rapids and in 36 other locations
Pittsburgh, PA, US (HQ)
30 Isabella St
Boise, ID, US
4600 Apple St
Carson City, NV, US
5401 Arrowhead Dr
Cedar Rapids, IA, US
5250 N River Blvd NE
Chicago, IL, US
500 W Monroe St
Chicago, IL, US
8400 S Stewart Ave
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Wabtec Financials and Metrics

Wabtec Revenue

Wabtec's revenue was reported to be $7.82 b in FY, 2021
USD

Revenue (Q1, 2022)

1.9b

Gross profit (Q1, 2022)

595.0m

Net income (Q1, 2022)

150.0m

EBIT (Q1, 2022)

239.0m

Market capitalization (24-May-2022)

16.2b

Closing stock price (24-May-2022)

86.4

Cash (31-Mar-2022)

488.0m

EV

20.0b
Wabtec's current market capitalization is $16.2 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

8.2b7.6b7.8b

Revenue growth, %

88%(8%)

Cost of goods sold

5.9b5.4b5.5b

Gross profit

2.3b2.1b2.4b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

1.6b2.2b2.0b1.9b1.7b1.9b1.8b2.0b1.9b1.9b

Cost of goods sold

1.2b1.6b1.4b1.4b1.3b1.3b1.3b1.4b1.3b1.3b

Gross profit

389.0m614.7m599.4m578.7m486.7m566.2m534.2m580.1m602.3m595.0m

Gross profit Margin, %

24%27%30%30%28%30%29%29%32%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

604.2m598.7m473.0m

Accounts Receivable

1.1b969.3m1.1b

Inventories

1.8b1.6b1.7b

Current Assets

4.2b3.9b3.8b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

512.9m461.4m587.4m615.9m587.9m559.3m483.5m453.5m456.4m488.0m

Accounts Receivable

1.3b1.2b1.2b1.1b964.4m1.0b985.3m1.0b960.3m998.0m

Inventories

1.9b1.9b2.0b1.8b1.8b1.8b1.7b1.7b1.7b1.8b

Current Assets

4.4b4.2b4.4b4.2b4.0b3.9b3.8b3.8b3.8b3.9b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

326.5m412.3m565.0m

Depreciation and Amortization

401.4m473.3m491.0m

Inventories

255.9m180.8m(41.0m)

Accounts Payable

(144.3m)(269.0m)109.0m
Quarterly
USDQ2, 2016Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

184.6m(4.0m)98.8m189.5m111.2m197.0m325.5m114.7m239.9m371.7m150.0m

Depreciation and Amortization

33.1m56.0m165.1m289.3m115.8m233.7m353.3m120.0m246.3m368.6m122.0m

Inventories

(10.9m)75.3m147.4m58.7m(23.5m)(30.3m)7.8m(11.2m)7.8m(32.3m)(137.0m)

Accounts Payable

(13.8m)(116.4m)(71.9m)(146.5m)(60.2m)(148.5m)(203.4m)47.0m82.4m41.1m48.0m
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Wabtec Operating Metrics

Wabtec's Backlog was reported to be $21.6b in FY, 2020. Wabtec's Customers was reported to be 500 in FY, 2020.
FY, 2018FY, 2019FY, 2020

Backlog

$4.5 b$22.4 b$21.6 b

Countries

525050

Customers

500500500

Locomotives

2.5 k2.9 k
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Wabtec Acquisitions / Subsidiaries

Company NameDateDeal Size
RELCO LocomotivesJanuary 08, 2020$29 m
General Electric TransportationApril 25, 2019$11 b
AnnaxMarch 22, 2018$45.2 m
AM General ContractorOctober 02, 2017
Aero Transportation ProductsMarch 14, 2017
Workhorse RailDecember 20, 2016
Precision Turbo and EngineNovember 17, 2016$13.8 m
Gerken GroupAugust 02, 2016$62.8 m
Unitrac Railroad MaterialsMay 10, 2016$14.4 m
Relay Monitoring SystemsOctober 30, 2015$18.7 m
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Wabtec Revenue Breakdown

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Wabtec revenue breakdown by business segment: 67.3% from Freight and 32.7% from Transit

Wabtec revenue breakdown by geographic segment: 35.6% from Egypt, 13.7% from Other Africa, 19.7% from Other Asia / Middle East and 31.0% from Russia / CIS

Human Capital Metrics

Source: craft.co
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Wabtec Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

Wabtec Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Wabtec Online and Social Media Presence

Embed Graph

Wabtec Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    F

    50/100

  • Compensation

    D+

    55/100

Learn more on Comparably

Wabtec News and Updates

Wabtec Wins Major Contract to Supply Over 2,300 Doors for Sao Paulo Passenger Trains

Wabtec Corporation (NYSE: WAB) has won a major contract to supply on-board doors for passenger trains in Sao Paulo, Brazil’s largest city. This high-profile contract is Wabtec’s largest order in South America for on-board doors.

UP, Wabtec, REG Launch Renewable Fuels Testing

Union Pacific (UP), in partnership with Wabtec and Renewable Energy Group (REG), earlier this month started a “trial of 100% renewable fuels as part of our comprehensive ESG initiative called Building a Sustainable Future 2030.”

Cutting freight carbon emissions with biofuels

Wabtec and BNSF are collaborating on a biofuels project with the aim of reducing carbon intensity for Wabtec locomotives. The project is aimed at quantifying the impact of alternative fuels on emissions, durability, and performance.

Wabtec Declares Regular Quarterly Common Dividend

Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 15 cents per share, payable on May 27, 2022 to holders of record on May 20, 2022.

Wabtec Reports Strong 1st Quarter 2022 Results

Wabtec Corporation (NYSE: WAB) today reported first quarter 2022 GAAP earnings per diluted share of $0.80, up 35.6% versus the first quarter of 2021. Adjusted earnings per diluted share were $1.13, up 27.0% versus the same quarter a year ago. First quarter sales were $1.93 billion and cash from oper…

Wabtec to Acquire Trimble’s Beena Vision Business to Extend its Digital Rail Inspection Portfolio

Wabtec Corporation (NYSE: WAB), a leading global supplier for freight and transit rail, announced today the company has signed a definitive agreement to acquire Trimble’s Beena Vision business, a manufacturer of machine vision-based wayside inspection systems for the railroad industry. The acquisiti…
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Wabtec Blogs

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Thursday, July 18, 2019 - 3:45pm to Thursday, August 15, 2019 - 3:45pmtest tradeshow location test tradeshow description

Wabtec Frequently Asked Questions

  • When was Wabtec founded?

    Wabtec was founded in 1869.

  • Who are Wabtec key executives?

    Wabtec's key executives are Rafael Santana, Lilian Leroux and Rogerio Mendonca.

  • How many employees does Wabtec have?

    Wabtec has 25,000 employees.

  • What is Wabtec revenue?

    Latest Wabtec annual revenue is $7.8 b.

  • What is Wabtec revenue per employee?

    Latest Wabtec revenue per employee is $312.9 k.

  • Who are Wabtec competitors?

    Competitors of Wabtec include Alstom, Caterpillar and Amsted Industries.

  • Where is Wabtec headquarters?

    Wabtec headquarters is located at 30 Isabella St, Pittsburgh.

  • Where are Wabtec offices?

    Wabtec has offices in Pittsburgh, Boise, Carson City, Cedar Rapids and in 36 other locations.

  • How many offices does Wabtec have?

    Wabtec has 41 offices.