Company Quick10K Filing
Westinghouse Air Brake
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 191 $13,224
10-K 2020-02-24 Annual: 2019-12-31
10-Q 2019-11-01 Quarter: 2019-09-30
10-Q 2019-08-01 Quarter: 2019-06-30
10-Q 2019-05-09 Quarter: 2019-03-31
10-K 2019-02-27 Annual: 2018-12-31
10-Q 2018-10-30 Quarter: 2018-09-30
10-Q 2018-07-31 Quarter: 2018-06-30
10-Q 2018-05-04 Quarter: 2018-03-31
10-K 2018-02-26 Annual: 2017-12-31
10-Q 2017-11-01 Quarter: 2017-09-30
10-Q 2017-08-03 Quarter: 2017-07-01
10-Q 2017-05-04 Quarter: 2017-03-31
10-K 2017-02-28 Annual: 2016-12-31
10-Q 2016-11-07 Quarter: 2016-09-30
10-Q 2016-07-28 Quarter: 2016-06-30
10-Q 2016-04-28 Quarter: 2016-03-31
10-K 2016-02-19 Annual: 2015-12-31
10-Q 2015-10-29 Quarter: 2015-09-30
10-Q 2015-07-30 Quarter: 2015-06-30
10-Q 2015-04-30 Quarter: 2015-03-31
10-K 2015-02-20 Annual: 2014-12-31
10-Q 2014-10-30 Quarter: 2014-09-30
10-Q 2014-07-31 Quarter: 2014-06-30
10-Q 2014-05-01 Quarter: 2014-03-31
10-K 2014-02-21 Annual: 2013-12-31
10-Q 2013-10-31 Quarter: 2013-09-30
10-Q 2013-07-26 Quarter: 2013-06-30
10-Q 2013-05-02 Quarter: 2013-03-31
10-K 2013-02-22 Annual: 2012-12-31
10-Q 2012-11-02 Quarter: 2012-09-30
10-Q 2012-08-02 Quarter: 2012-06-30
10-Q 2012-05-03 Quarter: 2012-03-31
10-K 2012-02-24 Annual: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-09-30
10-Q 2011-08-04 Quarter: 2011-06-30
10-Q 2011-05-09 Quarter: 2011-03-31
10-Q 2010-11-08 Quarter: 2010-09-30
10-Q 2010-08-05 Quarter: 2010-06-30
10-Q 2010-05-06 Quarter: 2010-03-31
10-K 2010-02-24 Annual: 2009-12-31
8-K 2020-02-24 Regulation FD, Other Events, Exhibits
8-K 2020-02-18 Earnings, Regulation FD, Other Events, Exhibits
8-K 2020-02-07 Officers, Exhibits
8-K 2019-10-31 Earnings, Regulation FD, Exhibits
8-K 2019-09-05 Amend Bylaw, Exhibits
8-K 2019-08-07 Other Events, Exhibits
8-K 2019-07-19 Officers
8-K 2019-05-17 Officers, Shareholder Vote, Exhibits
8-K 2019-05-01 Other Events, Exhibits
8-K 2019-04-30 Other Events, Exhibits
8-K 2019-04-25 Earnings, Regulation FD, Exhibits
8-K 2019-04-25 Officers
8-K 2019-02-25 Enter Agreement, M&A, Sale of Shares, Amend Bylaw, Other Events, Exhibits
8-K 2019-02-25 Earnings, Regulation FD, Exhibits
8-K 2019-02-12 Officers
8-K 2019-01-25 Other Events, Exhibits
8-K 2018-11-14 Shareholder Vote, Other Events, Exhibits
8-K 2018-10-30 Earnings, Regulation FD, Exhibits
8-K 2018-09-14 Regulation FD, Exhibits
8-K 2018-09-12 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2018-09-10 Regulation FD, Other Events, Exhibits
8-K 2018-07-30 Earnings, Regulation FD, Exhibits
8-K 2018-07-24 Earnings, Regulation FD, Exhibits
8-K 2018-06-08 Enter Agreement, Leave Agreement, Off-BS Arrangement, Exhibits
8-K 2018-05-20 Enter Agreement, Exhibits
8-K 2018-05-20 Regulation FD, Other Events, Exhibits
8-K 2018-05-15 Officers, Shareholder Vote, Exhibits
8-K 2018-05-07 Regulation FD, Exhibits
8-K 2018-04-24 Earnings, Regulation FD, Exhibits
8-K 2018-02-20 Earnings, Regulation FD, Exhibits
8-K 2018-02-02 Earnings, Exhibits

Westinghouse Air Brake Financials

WAB Metrics, Comps, Filings

Annual | Quarterly

Business

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, is a Delaware corporation with headquarters at 1001 Air Brake Avenue in Wilmerding, Pennsylvania. Our telephone number is 412-825-1000, and our website is located at www.wabtec.com. All references to "we", "our", "us", the "Company" and "Wabtec" refer to Westinghouse Air Brake Technologies Corporation and its consolidated subsidiaries. George Westinghouse founded the original Westinghouse Air Brake Co. in 1869 when he invented the air brake. Westinghouse Air Brake Company ("WABCO") was formed in 1990 when it acquired certain assets and operations from American Standard, Inc., now known as Trane ("Trane"). The company went public on the New York Stock Exchange in 1995. In 1999, WABCO merged with MotivePower Industries, Inc. and adopted the name Wabtec.

On May 20, 2018, the Company entered into a transaction that resulted in the merger of Wabtec and GE Transportation, a business unit of General Electric Company. The merger of Wabtec and GE Transportation was completed on February 25, 2019. To effect the transaction, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with General Electric Company ("GE"), Transportation Systems Holdings Inc. ("SpinCo"), which was a newly formed wholly owned subsidiary of GE, and Wabtec US Rail Holdings, Inc. ("Merger Sub"), which is a newly formed wholly owned subsidiary of the Company. In addition, on May 20, 2018, GE, SpinCo, the Company and Wabtec US Rail Holdings, Inc. ("Direct Sale Purchaser"), entered into the Separation, Distribution and Sale Agreement (the "Separation Agreement"). Together, the Merger Agreement and the Separation Agreement provided for the combination of the Company and GE's realigned transportation business ("GE Transportation"). GE Transportation (www.getransportation.com) is a global technology leader and supplier of locomotives, equipment, services and digital solutions to the rail, mining, marine, stationary power and drilling industries. GE Transportation employs approximately 9,000 employees worldwide and had 2018 sales of about $3.9 billion. Wabtec expects the transactions to have the following strategic benefits:

-Increased Scale and Diversification of Wabtec's Product Portfolio. As a result of the Transactions, Wabtec expects the combined business to be one of the world's largest providers of technology-enabled equipment, systems and services for the locomotive, freight and passenger rail industries with approximately $8.0 billion in revenue and 25,000 employees in 52 countries.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Union Pacific (UNP) 118,369 0% 15.9 10% 61,708 43,537 22,665 0 6,108 8,825 140,253
CSX (CSX) 61,785 0% 17.1 9% 37,924 25,634 12,346 0 3,441 4,458 76,454
Norfolk Southern (NSC) 51,726 0% 11.7 8% 37,172 21,861 11,608 0 2,803 5,327 62,442
Canadian Pacific Railway (CP) 32,872 0% 10.6 11% 21,933 14,776 7,648 0 2,325 4,044 42,799
Waters (WAT) 14,408 18% 21.0 21% 2,823 2,267 2,406 428 580 702 14,780
NVR (NVR) 14,169 0% 12.3 23% 3,603 1,484 7,334 0 827 1,081 13,263
Westinghouse Air Brake (WAB) 13,224 25% 31.9 1% 18,943 9,107 6,541 1,603 222 543 17,291
IDEX (IEX) 12,853 45% 19.9 12% 3,640 1,528 2,501 1,130 428 660 13,161
CNH Industrial (CNHI) 12,317 0% 46,100 41,002 0 0 0 0 6,514
Kansas City Southern (KSU) 12,158 0% 11.7 6% 9,638 4,487 2,782 0 568 1,261 14,795
Textron (TXT) 11,978 17% 5.6 8% 14,796 9,460 13,286 2,276 1,205 1,988 11,121
Genesee & Wyoming (GWR) 5,605 0% 11.6 3% 8,364 4,877 2,308 0 218 670 7,804
Trinity Industries (TRN) 2,645 21% 11.8 1% 8,576 6,046 3,007 622 123 611 7,198
Greenbrier Companies (GBX) 929 12% 2.4 4% 2,513 1,251 2,809 339 92 230 548
Freightcar America (RAIL) 70 -3% 0.0 -18% 338 173 309 -9 -62 -48 -0
Kelso Technologies (KIQ)
Canadian National Railway Company (CNI)
USD Partners (USDP) 0% 4.5 3% 302 247 114 0 10 44 199
Guangshen Railway (GSH) 0% 35,402 6,586 0 0 0 0 -1,686

Balance Sheet ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash2377621628642622632332,342
Accounts Receivable258149214349443495668801801
Inventory25398279403511479120743845
PP&E2064559833935349574564
Assets1,803-2,8592,3522,8223,3043,3005,7596,5808,649
Accounts Payable171245249327400320530553589
Long-Term Debt4223963184505206951,7621,8233,793
Liabilities9001,7653541,2351,4961,5993,5533,7515,780
Stockholders' Equity9001,0451,2771,5851,8071,7002,2062,8092,865
Income Statement ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue1,507-141-1662,5663,0443,3086423,8824,364
Cost of Revenue1,058-581,6971,8022,1082,2604742,8163,130
Gross Profit449-835877649361,0481681,0651,234
R&D403741466271719587
SG&A196248246263325347372512633
Tax6448141291251481229076
Net Income123-43662292352399305262292
Cash Flow ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating176-436499236472448-46189315
Cash Investing-156-6-185-259-348-380-830-276-147
Cash Financing26436-4799326-249878-971,978