WABTEC Files 8-K on Financials and Operations

TL;DR

WABTEC dropped an 8-K on Jan 13th covering financials and operations - check it out.

AI Summary

On January 13, 2025, Westinghouse Air Brake Technologies Corp. (WABTEC) filed an 8-K report. The filing primarily concerns the company's results of operations and financial condition, along with Regulation FD disclosures and other events. It also includes financial statements and exhibits.

Why It Matters

This filing provides crucial updates on Westinghouse Air Brake Technologies Corp.'s financial performance and operational status, which are important for investors to assess the company's health and future prospects.

Risk Assessment

Risk Level: low — This is a routine 8-K filing reporting on financial results and operations, not indicating any immediate or significant new risks.

Key Players & Entities

• WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (company) — Registrant
• 0000943452 (company) — Central Index Key
• January 13, 2025 (date) — Date of Earliest Event Reported
• Pittsburgh, Pennsylvania (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — nge on Which Registered Common Stock, $0.01 par value per share WAB New York St
• $1.78 b — e Company agreed to acquire Evident for $1.78 billion, subject to customary adjustments

Filing Documents

• ef20041523_8k.htm (8-K) — 37KB
• ef20041523_ex99-1.htm (EX-99.1) — 21KB
• ef20041523_ex99-2.htm (EX-99.2) — 30KB
• image0.jpg (GRAPHIC) — 251KB
• image00011.jpg (GRAPHIC) — 228KB
• image00012.jpg (GRAPHIC) — 321KB
• image00013.jpg (GRAPHIC) — 200KB
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• image00016.jpg (GRAPHIC) — 162KB
• image00017.jpg (GRAPHIC) — 187KB
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• image00020.jpg (GRAPHIC) — 213KB
• image00021.jpg (GRAPHIC) — 218KB
• image00022.jpg (GRAPHIC) — 207KB
• 0001140361-25-001006.txt ( ) — 3844KB
• wab-20250113.xsd (EX-101.SCH) — 4KB
• wab-20250113_lab.xml (EX-101.LAB) — 21KB
• wab-20250113_pre.xml (EX-101.PRE) — 16KB
• ef20041523_8k_htm.xml (XML) — 4KB

02

Item 2.02. Results of Operations and Financial Condition. As discussed in Item 7.01 below, on January 14, 2025, Westinghouse Air Brake Technologies Corporation (the "Company") published a presentation relating to the acquisition discussed in Item 8.01 below, which presentation is furnished as Exhibit 99.2. In accordance with General Instruction B.2 of Form 8-K, the information furnished pursuant to this Item 2.02, including Exhibit 99.2, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended (the "Securities Act"), except as shall be expressly set forth by specific reference in such a filing.

01

Item 7.01. Regulation FD Disclosure. On January 14, 2025, the Company published a press release relating to the acquisition discussed in Item 8.01 below. A copy of the press release is furnished as Exhibit 99.1. The Company is also furnishing a presentation relating to the acquisition, a copy of which is furnished as Exhibit 99.2. In accordance with General Instruction B.2 of Form 8-K, the information furnished pursuant to this Item 7.01, including Exhibits 99.1 and 99.2, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act, except as shall be expressly set forth by specific reference in such a filing.

01

Item 8.01. Other Events. On January 14, 2025, the Company announced that it had entered into a definitive agreement, dated January 13, 2025, to acquire Evident Inspection Technologies ("Evident"), a business line of Evident Corporation. Evident is a global leader in Non-Destructive Testing, Remote Visual Inspection and Analytical Instruments solutions for mission critical assets. Recognized for its industry-leading brands and reference-standard technologies, Evident brings highly attractive and complementary technologies to Wabtec's Digital Intelligence business. The acquisition of Evident significantly expands Wabtec's capabilities, adding automated inspection capabilities, and augments Wabtec's existing offerings in the rail, mining and industrial sectors while also broadening Wabtec's reach into other complementary sectors. Headquartered near Boston, Massachusetts, Evident serves its global customer base through four engineering and production facilities in North America and Japan with more than 1,300 team members. The Company agreed to acquire Evident for $1.78 billion, subject to customary adjustments. The transaction is subject to customary closing conditions and regulatory approvals, with the Company expecting to finalize the purchase of Evident in the first half of 2025.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated January 14, 2025 99.2 Presentation dated January 14, 2025 104 Cover Page Interactive Data File within the Inline XBRL document. Caution Concerning Forward-Looking Statements This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including future circumstances and results and other statements that are not historical facts 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. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) the risk that the proposed transaction may not be completed in the time frame expected by Wabtec or at all; (2) the potential for unexpected costs, charges or expenses resulting from the proposed transaction; (3) uncertainty of the expected financial performance of Evident and the combined company following completion of the proposed transaction; (4) risks associated with the integration of Evident and the potential for failure to realize the anticipated benefits and synergies of the proposed transaction; (5) the ability of the combined company to implement its business strategy; (6) inability to retain key personnel; (7) changes in general economic and/or industry specific conditio

View Full Filing

View this 8-K filing on SEC EDGAR