Wabtec updates on GE Transportation deal [Seeking Alpha]
Westinghouse Air Brake Technologies Corporation (WAB)
Last westinghouse air brake technologies corporation earnings: 2/18 06:58 am
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US:NYSE Investor Relations:
wabtec.com/investors
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Source: Seeking Alpha
Wabtec (NYSE: WAB ) filed a proxy statement with the SEC relating to its proposed combination with GE Transportation. The company says it's progressing with GE Transportation toward an anticipated closing by the first quarter of 2019. Wabtec believes that the transaction has a highly compelling financial rationale, with materially consistent expectations for both GE Transportation and the pro forma combined business. Wabtec says the combined company will have approximately $8B in revenue, off a more diversified business mix. Higher margins are also expected out of the new entity. Cumulative free cash flow of approximately $6B is also anticipated from 2019 to 2022 for the combined business. The strong cash flow is seen enabling rapid deleveraging, supporting Wabtec’s commitment to retaining its investment grade rating and dividend. Source: Press Release
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WAB
News
- Westinghouse Air Brake Technologies Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- GBX or WAB: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Westinghouse Air Brake Technologies Co. (NYSE: WAB) had its price target raised by analysts at KeyCorp from $155.00 to $185.00. They now have an "overweight" rating on the stock.MarketBeat
- Westinghouse Air Brake Technologies Co. (NYSE: WAB) had its price target raised by analysts at Stephens from $165.00 to $180.00. They now have an "overweight" rating on the stock.MarketBeat
- Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
WAB
Earnings
- 4/24/24 - Beat
WAB
Sec Filings
- 4/25/24 - Form 144
- 4/25/24 - Form 144
- 4/25/24 - Form 144
- WAB's page on the SEC website