Westinghouse Air Brake Technologies Corporation (Wabtec), based in Wilmerding, PA, reported a 7.3% increase in net sales for 2024, reaching $10.39 billion, primarily serving the freight rail and passenger transit industries globally. The Freight segment contributed 72% of revenues, with sales up 7.9% year-over-year, while the Transit segment accounted for 28%, with a 6% year-over-year increase.
Investors saw significant returns from Wabtec, with a $1,000 investment made in February 2016 valued at approximately $3,863.72 by February 26, 2026, marking a 286.37% gain. In comparison, the S&P 500 returned 255.90% and gold rose by 303.87% over the same period. Wabtec shares have surged 43.6% over the past year, fueled by strong demand and a commitment to new technologies, though supply chain challenges and economic uncertainty remain concerns.
