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Westinghouse Air Brake Technologies Corp, headquartered in Pittsburgh, Pennsylvania, is a global leader in providing advanced technology solutions for both freight rail and passenger transit industries. With a rich history dating back to 1869, the company specializes in a wide range of products including diesel-electric and battery-powered locomotives, propulsion systems, braking equipment, and comprehensive maintenance services. Additionally, it offers innovative solutions for railway electronics, signal engineering, and network optimization, catering to the evolving needs of transportation and infrastructure sectors worldwide.
Wabtec crushed Q2 with EPS of $2.76 and revenue of $3.18 billion, both topping consensus, while a 42% surge in backlog to $30.93 billion and raised full-year guidance signal durability in rail demand.
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