Business Description

Westinghouse Air Brake Technologies Corp. provides systems, equipment, and value-added service for the rail industry. The company was established in 1869, and its headquarters is in Pittsburgh, PA. It operates in the following segments: Transit and Freight. Freight is a segment that manufactures and provides services for freight cars and locomotives. It also supplies infrastructure products like signal design and electronics, engineering, and positive train control equipment.

The Freight segment overhauls locomotives. They also provide heat exchangers for industrial and rail other markets. Transit includes the manufacturing and provision of service components for passenger transit vehicles, including subway cars, light rail vehicles, buses, regional trains, and high-speed trains. It also supplies infrastructure products like signal design and engineering, electronics, and positive train control equipment.

Key Financials

Revenue (US$ Mn)

• US$ 7,822 Mn was the annual revenue generated by Westinghouse Air Brake Technologies Corporation in 2021
• Westinghouse Air Brake Technologies Corporation’s annual revenue for 2020 was US$ 7,556 Mn, a -7.85% decrease from 2019
• From 2018’s annual revenues, Westinghouse Air Brake Technologies Corporation registered an 87.9% increase in 2019, amounting to US$ 8,200 Mn
• Total revenue of US$ 4,364 Mn was generated in 2018 by Westinghouse Air Brake Technologies Corporation.

Operating Income (US$ Mn)

• Westinghouse Air Brake Technologies Corporation’s operating income for 2021 was US$ 876 Mn, a 17.58% increase from the 2020
• The operating income generated by Westinghouse Air Brake Technologies Corporation in 2020 was US$ 745 Mn
• At a 40.17% increase from, Westinghouse Air Brake Technologies Corporation’s operating income of US$ 663 Mn was indexed in 2019
• Westinghouse Air Brake Technologies Corporation generated an operating income of US$ 473 Mn in 2018

Net Income (US$ Mn)

• US$ 558 Mn was the net income generated by Westinghouse Air Brake Technologies Corporation in 2021
• Westinghouse Air Brake Technologies Corporation’s net income for 2020 was US$ 414 Mn, a 26.61% increase from 2019
• From 2018’s net incomes, Westinghouse Air Brake Technologies Corporation registered a 10.85% increase in 2019, amounting to US$ 327 Mn
• A net income of US$ 295 Mn was generated in 2018 by Westinghouse Air Brake Technologies Corporation.

Operating Margin %

• Westinghouse Air Brake Technologies Corporation’s operating margin for 2021 was 10%, a -2.04% decrease from 2020
• The operating margin generated by Westinghouse Air Brake Technologies Corporation in 2020 was 10%
• At a -25.93% decrease from, Westinghouse Air Brake Technologies Corporation’s operating margin of 8% was indexed in 2019
• Westinghouse Air Brake Technologies Corporation generated an operating margin of 11% in 2018

Gross Margin %

• 30% was the gross margin generated by Westinghouse Air Brake Technologies Corporation in 2021
• Westinghouse Air Brake Technologies Corporation’s gross margin for 2020 was 28%, a 3.68% increase from 2019
• From 2018’s gross margins, Westinghouse Air Brake Technologies Corporation registered a -3.89% decrease in 2019, amounting to 27%
• A gross margin of 28% was generated in 2018 by Westinghouse Air Brake Technologies Corporation

SWOT Analysis

Strengths

Focus on Design and Engineering

Wabtec is a company that focuses on engineering and developing products. Its engineering and technology program also includes investments in train control, data analysis, and other innovative technologies. Advanced cooling systems that reduce emissions from diesel engines were developed by the company.

Wabtec utilizes its product development system for the development and monitoring of new product programs. The company has 3,333 patents in use worldwide. Each year, it files for an average of 150 new patents. The company spent US$87.5million on R&D during FY2018. This was 2% of its total revenue.

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