While reporting its financial results for the first quarter on Wednesday, transportation solutions provider Wabtec Corp. (WAB) raised its adjusted earnings and sales guidance for the full-year 2024.
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By Dean Seal Wabtec expects to log higher sales this year after revenue was driven up nearly 10% in the last quarter of 2023 by strong demand in both its.
Wabtec said it will be supplying Siemens with brake systems from Wabtecs Hosur plant for 11 years and with maintenance services for 35 years. Siemens will assemble the locomotives at the Indian Railways factory in Dahod, Gujarat.