WABTEC Files 8-K for Financial Results Disclosure

Ticker: WAB · Form: 8-K · Filed: Feb 14, 2024 · CIK: 943452

Sentiment: neutral

Topics: earnings-related, financial-disclosure, 8-K filing

TL;DR

**WABTEC just filed an 8-K signaling financial results are out, expect market movement once details drop.**

AI Summary

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WABTEC) filed an 8-K on February 14, 2024, reporting on "Results of Operations and Financial Condition" and "Regulation FD Disclosure." This filing typically precedes or accompanies an earnings announcement, signaling the release of financial performance data. The specific financial figures for the period are not detailed in this excerpt of the filing.

Why It Matters

This 8-K signals that WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP is disclosing its financial performance, which is crucial for investors to assess the company's health and future prospects. The actual financial results, once fully released, will likely impact stock price and investor confidence.

Risk Assessment

Risk Level: medium — The filing indicates a disclosure of financial results, which can introduce market volatility depending on the reported performance, though specific figures are not provided in this excerpt.

Key Players & Entities

FAQ

What is the full legal name of the registrant company?

The full legal name of the registrant is WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION.

What was the earliest event reported date for this 8-K filing?

The earliest event reported date for this 8-K filing was February 14, 2024.

What specific items of information are disclosed in this 8-K filing according to the ITEM INFORMATION section?

The ITEM INFORMATION section indicates disclosure of "Results of Operations and Financial Condition," "Regulation FD Disclosure," and "Financial Statements and Exhibits."

What is the primary industry classification for WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP?

The primary industry classification for WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP is RAILROAD EQUIPMENT [3743].

What is the business address of WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP?

The business address is 30 Isabella Street, Pittsburgh, PA 15212.

Filing Stats: 1,387 words · 6 min read · ~5 pages · Grade level 13.1 · Accepted 2024-02-14 07:08:30

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition On February 14, 2024, Westinghouse Air Brake Technologies Corporation (the "Company") issued a press release reporting, among other things, the Company's 2023 fourth quarter results. A copy of this press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Item 2.02 by reference. The Company is also furnishing an investor presentation relating to its fourth quarter of 2023 (the "Presentation"), which will be used by the management team for presentations to investors and others. A copy of the Presentation is attached hereto as Exhibit 99.2 and incorporated into this Item 2.02 by reference. The Presentation is also available on the Company's web site at www.wabteccorp.com. In accordance with General Instruction B.2 of Form 8-K, the information furnished pursuant to this Item 2.02 in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed i ncorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure On February 14, 2024 , the Company issued a press release which, among other things, provided earnings guidance for fiscal year 2024. A copy of the press release is attached to this report as Exhibit 99.1 and the paragraph under the heading "2024 Financial Guidance" which discusses 2024 guidance is incorporated into this Item 7.01 by reference. The Company also furnished a Presentation relating to its fourth quarter of 2023, which is incorporated into this Item 7.01 by reference. A copy of the Presentation is attached to this report as Exhibit 99.2. In accordance with General Instruction B.2 of Form 8-K, the information furnished pursuant to this Item 7.01 in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits. The following exhibits are furnished with this report on Form 8-K: Exhibit No. Description 99.1 Press release dated February 1 4 , 202 4 99.2 Wabtec Earnings Presentation, Fourth Quarter 202 3 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) Caution Concerning Forward-Looking Statements This communication contains "forward-looking" statements as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. All statements, other than historical facts, including statements regarding Wabtec's plans, objectives, expectations and intentions; Wabtec's expectations about future sales, earnings and cash conversion; Wabtec's projected expenses and cost savings associated with its Integration 2.0 initiative; Wabtec's 5-year outlook (established in March 2022); Wabtec's expectations for evolving global industry, market and macro-economic conditions and their impact on Wabtec's business; synergies and other expected benefits from Wabtec's acquisitions; Wabtec's expectations for production and demand conditions; and any assumptions underlying any of the foregoing, are forward looking statements. Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words "may," "will," "should," "potential," "intend," "expect," "endeavor," "seek," "anticipate," "estimate," "overestimate," "underestimate," "believe," "could," "project," "predict," "continue," "target" or other similar words or expressions. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, a

SIGNATURES

SIGNATURES Pursuant to the requirements of Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION By: /s/JOHN A. OLIN John A. Olin Executive Vice President and Chief Financial Officer (Duly Authorized Officer and Principal Financial Officer) DATE: February 14, 2024

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