Westinghouse Air Brake Technologies Corporation (WAB)

Over the past six months, Westinghouse Air Brake Technologies Corp. (WAB) stock has experienced notable movements. As of June 20, 2025, the share price was $199.98, a 23.44% increase from June 24, 2024. The stock reached its all-time high of $210.88 on January 29, 2025. Key events include a Q4 2024 earnings miss, a Q1 2025 earnings beat and raised guidance, a senior notes offering, the addition of Wabtec US Rail, Inc. as a new guarantor for its debt securities, a U.K. Competition Authority probe into Wabtec's acquisition of Dellner, and the dismissal of an antitrust challenge to the Wabtec-GE Transportation merger.

The demand for Wabtec's products and services is closely tied to the overall health and economic cycles of the freight and transit rail industries. The Freight segment's performance is linked to the cyclical freight rail industry and broader economic conditions, with demand influenced by factors such as rail traffic and the production of new locomotives and freight cars. Wabtec's comprehensive product portfolio and service offerings help to balance the cyclical nature of the global rail business. The Transit segment tends to be more stable, driven by demand from public transit authorities and municipalities. The company also benefits from significant international investments in infrastructure and its focus on aftermarket parts and services.

Westinghouse Air Brake Technologies Corp. (WAB), commonly known as Wabtec, is a global provider of technology-based equipment, systems, digital solutions, and value-added services for the freight rail and passenger transit industries, as well as the mining, marine, and industrial markets. Wabtec operates primarily within the Industrials sector, specifically in the Railroads industry, and its business is divided into two main segments: Freight and Transit. The Freight segment manufactures new and modernized locomotives, provides aftermarket parts and services, and supplies components for new and existing freight cars, while the Transit segment focuses on manufacturing and servicing components for new and existing passenger transit vehicles.

Wabtec has a strong global presence, operating in over 50 countries with approximately 29,500 employees. While it has manufacturing facilities in North America, Europe, and Asia-Pacific, the majority of its revenue is generated from the United States. The company's products are found on a large percentage of locomotives, freight cars, passenger transit cars, and buses worldwide.

Wabtec has a long-standing reputation in the rail industry, drawing on over 150 years of experience and leading the way in safety, efficiency, reliability, innovation, and productivity. The company is focused on creating transportation solutions that move and improve the world and is committed to achieving a zero-emission rail system globally. Wabtec's ESG Risk Rating as of June 4, 2025, is 28.34, categorized as "Medium," with the highest controversy level being "Moderate," related to customer incidents. The company's 2022 Sustainability Report highlighted progress on key ESG commitments, focusing on innovative technologies, responsible operations, and empowering people and communities.

Westinghouse Air Brake Technologies Corp. (WAB) is primarily owned by institutional shareholders, who hold 90.99% of the company's shares. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and Fmr Llc, among others. Erwan Faiveley is noted as the largest individual shareholder, owning 18.32 million shares, representing 10.70% of the company.