WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION

(WAB)
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Delayed Nyse  -  04:03 2022-08-10 pm EDT
94.40 USD   +2.15%
08/09Wabtec Opens First European Transit Performance Optimization Center in Derby, UK
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08/09Wabtec Corporation Opens First European Transit Performance Optimization Center in Derby, UK
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08/08Morgan Stanley Adjusts Price Target on Westinghouse Air Brake Technologies to $87 From $84, Maintains Equalweight Rating
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Wabtec Appoints Beverley Babcock to Board of Directors

07/04/2022 | 12:03pm EDT

PITTSBURGH - Wabtec Corporation (NYSE: WAB) announced the appointment of Beverley Babcock to its Board of Directors, effective.

Babcock, 61, has extensive financial and accounting experience having served as the former CFO of Imperial Oil Limited, one of Canada's largest integrated oil companies active in all phases of the petroleum industry. Prior to this role, Babcock held a variety of leadership roles at ExxonMobil including Vice President of Corporate Financial Services and Assistant Controller. Babcock also held several accounting and internal audit positions at Imperial Oil Limited. Over her career, she has built expertise in finance, accounting and reporting, organizational leadership, strategy, and corporate governance.

Babcock serves as a Director on Olin Corporation's Board, as well as on the Board of the Forte Foundation, a consortium of leading companies and top business schools working together to launch women into fulfilling, significant careers in business.

'We are thrilled to welcome Beverley to Wabtec's Board of Directors,' said Wabtec Chairman Al Neupaver. 'Her extensive global experience in financial, accounting, and treasury management along with her deep energy sector knowledge will be valuable as Wabtec continues to grow in markets around the world and delivers increased shareholder value.'

About Wabtec Corporation

Wabtec Corporation (NYSE: WAB) is focused on creating transportation solutions that move and improve the world. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 150 years and has a vision to achieve a zero-emission rail system in the U.S. and worldwide.

Contact:

Kristine Kubacki

CFA

E: Kristine.Kubacki@wabtec.com

T: 412.450.2033

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
IMPERIAL OIL LIMITED 0.20% 56.08 Delayed Quote.22.69%
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION 2.15% 94.4 Delayed Quote.2.49%
All news about WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
08/09Wabtec Opens First European Transit Performance Optimization Center in Derby, UK
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Financials (USD)
Sales 2022 8 379 M - -
Net income 2022 779 M - -
Net Debt 2022 3 319 M - -
P/E ratio 2022 24,5x
Yield 2022 0,63%
Capitalization 17 169 M 17 169 M -
EV / Sales 2022 2,45x
EV / Sales 2023 2,26x
Nbr of Employees 25 000
Free-Float 76,7%
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 94,40 $
Average target price 103,27 $
Spread / Average Target 9,40%
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Managers and Directors
Rafael O. Santana President, Chief Executive Officer & Director
John A. Olin Chief Financial Officer & Executive Vice President
Albert J. Neupaver Chairman
Erich Gebhardt Chief Technology Officer & Executive VP
Gregory Sbrocco Senior Vice President-Global Operations
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