Wabtec to Benefit From Fanox & Kompozitum Buyout: Here's How

Zacks11-14

Wabtec Corporation (WAB) is strengthening its operations with strategic acquisitions. To this end, Wabtec announced the acquisitions of Fanox and Kompozitum. Wabtec is purchasing the two companies for...

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To this end, Wabtec announced the acquisitions of Fanox and Kompozitum. Wabtec is purchasing the two companies for...</p>\n\n<a href=\"https://finance.yahoo.com/news/wabtec-benefit-fanox-kompozitum-buyout-184000428.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1267930813.SGD","symbol_name":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/wabtec-benefit-fanox-kompozitum-buyout-184000428.html","article_id":"2483852491","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/vyuEocFWLeL6jM_VVEid6g--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/641b12f376ef2f209641d595529bcc7f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483852491","pubTimestamp":1731523200,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Wabtec Corporation  is strengthening its operations with strategic acquisitions. 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To this end, Wabtec announced the acquisitions of Fanox and Kompozitum. Wabtec is purchasing the two companies for a $110 million cash transaction, financed through cash on hand and a revolving credit facility.\nThe two companies will join Wabtec’s Transit business (which recently reported third-quarter 2024 net sales of $733 million, up 9.6% year over year due to strong aftermarket sales. The segmental adjusted operating margin increased to 12.8% from 12.5% in the third quarter of 2023).\nPascal Schweitzer, president at Wabtec Transit, stated, “We are excited about bringing the capabilities of Fanox and Kompozitum to our Transit Business. These acquisitions align with our strategy by bringing in technologies that are complementary to our product portfolio, positioning the business for accelerated, profitable revenue growth. It also enhances Wabtec’s mission to provide our customers with next-generation solutions that improve efficiency, performance, and reliability.”\nHow Will Wabtec Benefit?\nThe inclusion of Fanox and Kompozitum is expected to be immediately accretive to WAB’s earnings, excluding transaction costs. Additionally, they are likely to enhance WAB’s potential, product portfolio and customer base.\nThe buyout of Fanox should boost Wabtec’s existing capabilities in the production of relays for on-board train operations and other industrial applications. This is expected to increase customer base and recurring revenues.\nThe purchase of Kompozitum is likely to strengthen Wabtec’s pantograph portfolio and open new oppurtunities for its carbon and graphite solutions.\nWAB’s Zacks Rank & Price Performance\nWabtec currently carries a Zacks Rank #2 (Buy).\nWAB shares have gained 57% so far this year, outperforming its industry and the S&P 500, of which the company is a key member.\nYTD Price Comparison\nImage Source: Zacks Investment Research\nOther Stocks to Consider\nSome other top-ranked stocks from the Zacks Transportation sector are C.H. Robinson Worldwide (CHRW) and Expeditors International of Washington, Inc. (EXPD). Each stock presently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. \nCHRW has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters (missed the mark in the remaining quarter), delivering an average surprise of 10.29%.\nCHRW has an expected earnings growth rate of 32.42% for 2024. The Zacks Consensus Estimate for CHRW 2024 earnings has been revised 7.3% upward over the past 90 days. Shares of CHRW have gained 26.2% so far this year.\nEXPD has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in two of the trailing four quarters (missed the mark in the remaining quarter and met in the other quarter), delivering an average surprise of 4.75%.\nThe Zacks Consensus Estimate for EXPD’s 2024 earnings has been revised 6.4% upward over the past 90 days. EXPD has an expected earnings growth rate of 5.79% for 2024. Shares of EXPD have gained 58.5% so far this year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nC.H. Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis Report\nExpeditors International of Washington, Inc. (EXPD) : Free Stock Analysis Report\nWestinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Company Corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483852491"}