| Business Summary | | Wabtec
Corporation
is
a
North
American
provider
of
value-added,
technology-based
equipment
and
services
for
the
rail
industry.
The
Company's
products
can
be
found
on
virtually
all
United
States
locomotives,
freight
cars
and
passenger
transit
vehicles.
Wabtec
also
sells
products
in
Europe,
Africa,
Australia,
South
America
and
Asia.
The
Company's
products
include
air
brakes,
electronic
controls
and
monitors,
traction
motors,
cooling
equipment,
turbochargers,
low-horsepower
locomotives,
couplers,
door
controls,
draft
gears
and
brake
shoes.
The
Company
provides
products
and
services
through
two
principal
business
segments,
the
Freight
Group
and
the
Transit
Group.
The
Freight
Group
includes
products
geared
to
the
production
of
components
for
and
the
repair
and
servicing
of
freight
cards
and
locomotives.
The
Transit
Group
includes
products
for
passenger
transit
vehicles
(typically
subways
and
buses). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Wabtec
Corp.
manufactures
value-added
equipment
for
locomotives,
railway
freight
cars
and
passenger
transit
vehicles.
For
the
six
months
ended
6/30/01,
revenues
rose
less
than
1%
to
$508.2
million.
Net
income
fell
25%
to
$18.3
million.
Revenues
reflect
higher
Transit
Group
sales
due
to
significant
shipments
of
product
under
the
MTA
contract.
Earnings
were
offset
by
lower
gross
margin
due
to
the
effect
of
lower
sales
volumes
of
OEM
freight
car
components. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Kassling, 57 Chairman | $767K | Gregory Davies, 54 Pres,
CEO, Director | 492K | Emilio Fernandez, 56 Vice
Chairman | -- | Robert Brooks, 56 CFO,
Exec. VP, Director | 415K | John Meister, 53 Exec.
VP and Gen. Mang.- Transit Product Group | 358K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|