Wabtec Corporation Profile

Westinghouse Air Brake Technologies Corporation (d/b/a Wabtec) manufactures, sells and services high-quality electronics for railroads in the form of onboard systems and braking for locomotives and freight cars. The Company provides its products and services through two principal business segments: the Freight Group and the Transit Group. The freight group manufactures and services components for new and existing freight cars and locomotives, while the transit group does the same for passenger transit vehicles, typically subway cars and buses. The main product lines across both of the Company 's business segments include brakes and related components; brake assemblies; draft gears, couplers and slack adjusters; air compressors and dryers; railway electronics, including event recorders, control and monitoring equipment, and end of train devices; friction products; rail and bus door assemblies; heat exchangers and cooling systems, and commuter and switcher locomotives. For the six months ended 30 June 2006, Wabtec Corporation's revenues rose 3% to $524.3M. Net income from cont. ops. rose 72% to $41.9M. Revenues reflect increase in sales. Net income also reflects increase in gross profit margins resulting from the efforts to lower costs & lean manufacturing initiatives, decrease in engineering expenses, lower net interest expense, decrease in cost of sales and lower administrative expenses.