OverviewSuggest Edit

Westinghouse Air Brake Technologies (doing business as Wabtec Corporation) 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 Ratings3.4
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2020)27,000(-1%)
Job Openings740
Revenue (FY, 2020)$7.6 B(-7%)
Share Price (Jul 2021)$82.6(+2%)
Cybersecurity ratingCMore

Key People/Management at Wabtec

Rafael Santana

Rafael Santana

President & Chief Executive Officer
Pat Dugan

Pat Dugan

Executive Vice President Finance and Chief Financial Officer
Mike Fetsko

Mike Fetsko

President, Freight and Industrial Components
Rogerio Mendonca

Rogerio Mendonca

President, Freight Equipment
Dave DeNinno

Dave DeNinno

General Counsel
Lilian Leroux

Lilian Leroux

President, Transit
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Wabtec Office Locations

Wabtec has offices in Pittsburgh, Boise, Carson City, Cedar Rapids and in 35 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

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View revenue for all periods
Wabtec's revenue was reported to be $7.56 b in FY, 2020 which is a 7.9% decrease from the previous period.
USD

Revenue (Q1, 2021)

1.8b

Gross profit (Q1, 2021)

534.2m

Gross profit margin (Q1, 2021), %

29.2%

Net income (Q1, 2021)

114.7m

EBIT (Q1, 2021)

191.6m

Market capitalization (21-Jul-2021)

15.6b

Closing stock price (21-Jul-2021)

82.6

Cash (31-Mar-2021)

483.5m

EV

19.4b
Wabtec's current market capitalization is $15.6 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

4.4b8.2b7.6b

Revenue growth, %

88%(8%)

Cost of goods sold

3.1b5.9b5.4b

Gross profit

1.2b2.3b2.1b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

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

Cost of goods sold

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

Gross profit

389.0m614.7m599.4m578.7m486.7m566.2m534.2m

Gross profit Margin, %

24%27%30%30%28%30%29%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

580.9m604.2m598.7m

Accounts Receivable

801.2m1.1b969.3m

Inventories

844.9m1.8b1.6b

Current Assets

4.4b4.2b3.9b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

512.9m461.4m587.4m615.9m587.9m559.3m483.5m

Accounts Receivable

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

Inventories

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

Current Assets

4.4b4.2b4.4b4.2b4.0b3.9b3.8b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

291.7m326.5m412.3m

Depreciation and Amortization

109.3m401.4m473.3m

Inventories

(108.9m)255.9m180.8m

Accounts Payable

48.8m(144.3m)(269.0m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

(4.0m)98.8m189.5m111.2m197.0m325.5m114.7m

Depreciation and Amortization

56.0m165.1m289.3m115.8m233.7m353.3m120.0m

Inventories

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

Accounts Payable

(116.4m)(71.9m)(146.5m)(60.2m)(148.5m)(203.4m)47.0m
USDFY, 2018

EV/EBIT

21.3 x

EV/CFO

32 x

Revenue/Employee

242.4k

Debt/Equity

1.3 x

Debt/Assets

0.4 x

Financial Leverage

3 x

P/E Ratio

23.0
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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: 32.7% from Transit and 67.3% from Freight

Wabtec revenue breakdown by geographic segment: 5.1% from India, 36.9% from United States and 58.0% from Other

Human Capital Metrics

Source: craft.co
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Wabtec Cybersecurity Score

Cybersecurity ratingPremium dataset

C

70/100

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

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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

GM partnering with Wabtec on electric freight locomotives for rail industry

The companies have signed a nonbinding memorandum of understanding for GM to engineer and supply its battery and fuel cell systems for Wabtec locomotives.

Wabtec begins operations at Neighborhood 91 Additive Hub

Wabtec Corporation (NYSE: WAB) celebrated the start of operations at Neighborhood 91, the additive manufacturing production campus at Pittsburgh International Airport’s Innovation Campus. The new 11,000-sq-ft facility builds upon Wabtec’s efforts to drive innovation in the rail industry through its …

Wabtec Announces Pricing of €500 Million Senior Notes Offering

Wabtec Corporation and Wabtec Transportation Netherlands B.V., a wholly owned subsidiary of Wabtec, have announced the pricing of the Issuer’s public offering of €500 million aggregate principal amount of 1.250% Senior Notes due 2027 (the “Notes”). The Notes will be fully and unconditionally guarant…

Wabtec introduces Green Financing instruments to accelerate sustainable solutions in passenger and freight rail

Wabtec Corporation (NYSE: WAB) published today its Green Finance Framework, supported by a second-party opinion from Sustainalytics, a Morningstar Company and a globally-recognized provider of ESG research, ratings and data

Wabtec’s All-Battery Locomotive, FLXdrive, Lowers Freight Train’s Fuel Consumption by More Than 11 Percent in California Pilot

Wabtec Corporation (NYSE: WAB) announced today a rail industry first as its FLXdrive battery-electric locomotive delivered more than an 11-percent average reduction in fuel consumption and greenhouse gas emissions for an entire train
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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, Pat Dugan and Mike Fetsko.

  • How many employees does Wabtec have?

    Wabtec has 27,000 employees.

  • What is Wabtec revenue?

    Latest Wabtec annual revenue is $7.6 b.

  • What is Wabtec revenue per employee?

    Latest Wabtec revenue per employee is $279.9 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 35 other locations.

  • How many offices does Wabtec have?

    Wabtec has 41 offices.