Latest news with #Wabtec
Time of India
4 days ago
- Business
- Time of India
130cr upgrade for Siliguri diesel loco shed
Kolkata: The Union railway ministry has sanctioned Rs 130 crore for the upgrade and expansion of the Siliguri diesel loco shed. The shed at Siliguri Junction station will be expanded to maintain 250 locomotives, from its present 100 locomotives, making it one of the largest loco sheds in India. The railways will also set up maintenance and logistics facilities, apart from provisions for modern machinery and plants for upkeep of Evolution Series locomotives. The Evolution Series locomotives are being manufactured in India for both domestic use and export as part of a joint venture between Indian Railways and Wabtec. The upgrade of Siliguri Junction station will increase the shed's capacity, supporting both freight and passenger services in the Northeast Frontier Railway zone. It will also create employment opportunities for youths in Siliguri, Darjeeling, Terai and Dooars. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata
CNBC
09-07-2025
- Business
- CNBC
Lightning Round: I can not recommend DigitalBridge, says Jim Cramer
'Mad Money' host Jim Cramer weighs in on stocks including: Wabtec, Robinhood, Riot Platforms, DigitalBridge Group, and SLB.
CNBC
08-07-2025
- Business
- CNBC
Cramer's Lighting Round: Wabtec 'won't quit'
Wabtec: "It won't a really good company." Robinhood: "I've been a big believer in Robinhood for a long time, I'm not changing my view." Riot Platforms: "Own Bitcoin." DigitalBridge: "It's just expensive, ok. And I don't want you in it...I cannot recommend DigitalBridge, I am sorry." Schlumberger: "Keep watching, no pull trigger. Why? Because I do not like the oil stocks." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest
Yahoo
08-07-2025
- Business
- Yahoo
WAB to Gain From Frauscher Sensor Technology Group Buyout: Here's How
Wabtec Corporation (WAB) is strengthening its operations through strategic acquisitions. To this end, Wabtec has inked a deal to purchase Frauscher Sensor Technology Group for an enterprise value of €675 million in cash. The deal is subject to customary closing conditions and regulatory approvals. The purchase price marks an estimated multiple of 12.4x projected 2025 EBITDA, adjusted for projected run-rate cost synergies that Wabtec expects to realize over the next three years. Frauscher is anticipated to generate nearly €145 million in revenues in 2025, with expected growth exceeding Wabtec's average growth over the next five years. Frauscher is a global market leader in train detection, wayside object control solutions and axle counting systems. Upon completion, Frauscher Sensor Technology Group will be integrated into Wabtec's Digital Intelligence business. Nalin Jain, president of Wabtec's Digital Intelligence Group, stated, 'Frauscher is a strong addition to the Digital Intelligence business, with a complementary product portfolio that supports our vision of maximizing the safety, efficiency, and capacity of the global rail network. By combining our businesses, we will be able to deliver safety-critical insights through customized systems combining sensors with software and analytics, along with a comprehensive lifecycle services suite. Given Frauscher's significant presence in Europe and India, this acquisition will further strengthen our international growth strategy in these large markets.' The acquisition of Frauscher Sensor Technology Group is anticipated to generate immediate shareholder value with an accretive growth profile, accretive adjusted earnings before interest and taxes margins and accretive return on invested capital over time. Further, the deal is expected to be accretive to adjusted earnings per share in the first year of ownership. The deal widens Wabtec's Digital Intelligence portfolio and increases its business opportunities in the high-growth railway signaling market. Rafael Santana, president and chief executive officer of Wabtec, stated, 'This strategic acquisition enhances Wabtec's current Digital Intelligence portfolio, our opportunities in a high potential market, and aligns with our Company's long-term growth strategy. Frauscher has an industry leading portfolio that offers a rare combination of innovative technology, sustained growth, and strong and resilient profitability.' Wabtec currently carries a Zacks Rank #2 (Buy). WAB shares have gained 12.4% so far this year, outperforming the Zacks Transportation - Equipment and Leasing industry as well as the S&P 500, of which the company is a key member. Image Source: Zacks Investment Research Investors interested in the Transportation sector may also consider SkyWest, Inc. (SKYW) and Kirby Corporation (KEX). SkyWest, founded in 1972, is based in St. George and operates regional jets for major U.S. airlines. SKYW is the holding company for SkyWest Airlines, SkyWest Charter and SkyWest Leasing, an aircraft leasing company. SKYW sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. SKYW has an impressive earnings surprise track record, having surpassed the Zacks Consensus Estimate in each of the last four quarters, the average beat being 17.1%. The Zacks Consensus Estimate for second-quarter 2025 earnings has been revised 1.30% upward in the past 60 days. SKYW's second-quarter 2025 earnings are expected to grow 28.5% year over year. KEX currently carries a Zacks Rank of 2. KEX has an expected earnings growth rate of 18.7% for the current year. The company has an encouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 5%. Shares of KEX have rallied 10.5% year to date. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SkyWest, Inc. (SKYW) : Free Stock Analysis Report Kirby Corporation (KEX) : Free Stock Analysis Report Wabtec (WAB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
07-07-2025
- Business
- National Post
Wabtec to Acquire Frauscher Sensor Technology Group
Article content PITTSBURGH — Wabtec Corporation (NYSE: WAB) announced today that it has entered into a definitive agreement to acquire Frauscher Sensor Technology Group GmbH ('Frauscher'), a global market leader in train detection, wayside object control solutions and axle counting systems. The acquisition positions Wabtec for accelerated, profitable growth, and further strengthens the Company's Digital Intelligence business by adding highly attractive and complementary railway signaling technologies. Article content 'This strategic acquisition enhances Wabtec's current Digital Intelligence portfolio, our opportunities in a high potential market, and aligns with our Company's long-term growth strategy,' said Wabtec President and CEO Rafael Santana. 'Frauscher has an industry leading portfolio that offers a rare combination of innovative technology, sustained growth, and strong and resilient profitability.' Article content Wabtec is acquiring Frauscher for an enterprise value of €675 million in cash. The acquisition is anticipated to provide immediate shareholder value with an accretive growth profile, accretive Adjusted EBIT margins, accretive Adjusted EPS in the first year of ownership, and accretive return on invested capital (ROIC) over time. The purchase price reflects an estimated multiple of 12.4x projected 2025 EBITDA adjusted for projected run-rate cost synergies which Wabtec expects to be realized over a three-year period. Frauscher is expected to generate approximately €145 million of revenue in 2025 and expected growth will exceed Wabtec's average growth over the next five years. The transaction is subject to customary closing conditions and regulatory approvals. Article content 'Frauscher is a strong addition to the Digital Intelligence business, with a complementary product portfolio that supports our vision of maximizing the safety, efficiency, and capacity of the global rail network,' said Nalin Jain, President of Wabtec's Digital Intelligence Group. 'By combining our businesses, we will be able to deliver safety-critical insights through customized systems combining sensors with software and analytics, along with a comprehensive lifecycle services suite. Given Frauscher's significant presence in Europe and India, this acquisition will further strengthen our international growth strategy in these large markets.' Article content This strategic acquisition strengthens Wabtec's Digital Intelligence portfolio and further advances its penetration into the high growth railway signaling market. It also aligns with the Company's long-term vision of driving innovation, productivity, safety and reliability for its customers, while ensuring the integrity of mission critical assets, infrastructure, and supply chains on a global scale. Article content About Wabtec Article content Wabtec Corporation is revolutionizing the way the world moves for future generations. 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 155 years and has a vision to achieve a sustainable rail system in the U.S. and worldwide. Visit Wabtec's website at Article content About Frauscher Article content Frauscher Sensor Technology Group offers innovative solutions for the individual requirements of customers worldwide in the field of axle counting and wheel detection. In doing so, Frauscher strives to provide the best possible support to system integrators and railway operators throughout the life cycle of products and beyond, giving them access to the information they need. With a worldwide network of locations and partners, Frauscher also guarantees a strong supply chain and optimum customer support around the globe. Article content Forward Looking Statement Article content This press release contains forward-looking statements within the meaning of the U.S. securities laws, including statements regarding the expected benefits of the Frauscher Sensor Technology Group, the anticipated synergies of the transaction, the expected impact on Wabtec's operational and financial performance, (including business growth opportunities and TAM), and certain projected financial results of Frauscher Sensor Technology Group. These statements and all statements other than historical facts constitute forward-looking statements concerning future circumstances and results and are sometimes identified by the words 'anticipate,' 'estimate,' 'expect,' 'outlook,' 'position,' 'project,' 'recur,' 'strategy,' and 'will' or other similar words or expressions. Forward-looking statements are based upon current plans, assumptions, estimates and expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. For more information on these risks, please refer to Wabtec's filings with the SEC. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) unexpected costs, charges or expenses resulting from the transaction; (2) uncertainty of the expected financial performance of Frauscher Sensor Technology Group and the combined company following completion of the transaction; (3) risks associated with the integration of Frauscher Sensor Technology Group and the potential for failure to realize the anticipated benefits and synergies of the transaction; (4) the ability of the combined company to implement its business strategy; (5) inability to retain key personnel; (6) changes in general economic and/or industry specific conditions; and (7) other risk factors as detailed from time to time in Wabtec's reports filed with the Securities and Exchange Commission. The foregoing list of important factors is not exclusive. Article content Article content Article content Article content Contacts Article content Wabtec Media Contact Article content Article content Tim Bader Article content Article content 682-319-7925 Article content Article content Article content Kyra Yates Article content Article content Article content
