Blog: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP : Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) – Marketscreener.com

Item 2.02 Results of Operations and Financial Condition

On August 5, 2022, Westinghouse Air Brake Technologies Corporation (the
“Company”) issued a press release reporting, among other things, the Company’s
2022 second quarter results. A copy of this press release is attached as Exhibit
99.1 to this Current Report on Form 8-K and is incorporated into this Item 2.02
by reference. The Company is also furnishing an investor presentation relating
to its second quarter of 2022 (the “Presentation”), which will be used by the
management team for presentations to investors and others. A copy of the
Presentation is attached hereto as Exhibit 99.2 and incorporated into this Item
2.02 by reference. The Presentation is also available on the Company’s web site
at http://www.wabteccorp.com.

In accordance with General Instruction B.2 of Form 8-K, the information
furnished pursuant to this Item 2.02 in this Current Report on Form 8-K,
including Exhibits 99.1 and 99.2, shall not be deemed “filed” for the purposes
of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise
subject to the liability of that section, nor shall it be deemed incorporated by
reference in any filing under the Securities Act of 1933, as amended, except as
shall be expressly set forth by specific reference in such a filing.

Item 7.01. Regulation FD Disclosure

On August 5, 2022, the Company issued a press release which, among other things,
provided earnings guidance for fiscal year 2022. A copy of the press release is
attached to this report as Exhibit 99.1 and the paragraph under the heading
“2022 Financial Guidance” which discusses 2022 guidance is incorporated into
this Item 7.01 by reference. The Company also furnished a Presentation relating
to its first quarter of 2022, which is incorporated into this Item 7.01 by
reference. A copy of the Presentation is attached to this report as Exhibit
99.2.

In accordance with General Instruction B.2 of Form 8-K, the information
furnished pursuant to this Item 7.01 in this Current Report on Form 8-K,
including Exhibits 99.1 and 99.2, shall not be deemed “filed” for the purposes
of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise
subject to the liability of that section, nor shall it be deemed incorporated by
reference in any filing under the Securities Act of 1933, as amended, except as
shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.


The following exhibits are furnished with this report on Form 8-K:
Exhibit No.          Description
99.1                   Press release dated August 5, 2022
99.2                   Wabtec Earnings Presentation,     Second     Quarter 2022
104                  Cover Page Interactive Data File (embedded within the Inline XBRL document)

Caution Concerning Forward-Looking Statements
This communication contains “forward-looking” statements as that term is defined
in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended by the Private Securities Litigation
Reform Act of 1995, including statements regarding the impact of acquisitions by
Wabtec, statements regarding Wabtec’s expectations about future sales and
earnings, and statements about the impact of evolving global conditions on
Wabtec’s business. All statements, other than historical facts, including
statements regarding synergies and other expected benefits from acquisitions;
statements regarding Wabtec’s plans, objectives, expectations and intentions;
and statements regarding macro-economic conditions and evolving production and
demand conditions; and any assumptions underlying any of the foregoing, are
forward-looking statements. Forward-looking statements concern future
circumstances and results and other statements that are not historical facts and
are sometimes identified by the words “may,” “will,” “should,” “potential,”
“intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,”
“overestimate,” “underestimate,” “believe,” “could,” “project,” “predict,”
“continue,” “target” or other similar words or expressions. Forward-looking
statements are based upon current plans, estimates and expectations that are
subject to risks, uncertainties and assumptions. Should one or more of these
risks or uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those indicated or
anticipated by such forward-looking statements. The inclusion of such statements
should not be regarded as a representation that such plans, estimates or
expectations will be achieved. Important factors that could cause actual results
to differ materially from such plans, estimates or expectations include, among
others, (1) changes in general economic and/or industry specific conditions,
including the impacts of tax and tariff programs, inflation, supply chain
disruptions, foreign currency exchange, and industry consolidation; (2) changes
in the financial condition or operating strategies of Wabtec’s customers; (3)
unexpected costs, charges or expenses resulting from acquisitions and potential
failure to realize synergies and other anticipated benefits of

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acquisitions, including as a result of integrating acquired targets into Wabtec;
(4) inability to retain and hire key personnel; (5) evolving legal, regulatory
and tax regimes; (6) changes in the expected timing of projects; (7) a decrease
in freight or passenger rail traffic; (8) an increase in manufacturing costs;
(9) actions by third parties, including government agencies; (10) the severity
and duration of the evolving COVID-19 pandemic and the resulting impact on the
global economy and, in particular, our customers, suppliers and end-markets,
(11) potential disruptions, instability, and volatility in global markets from
the imposition of economic sanctions on Russia resulting from the invasion of
Ukraine; (12) cybersecurity and data protection risks; and (13) other risk
factors as detailed from time to time in Wabtec’s reports filed with the SEC,
including Wabtec’s annual report on Form 10-K, periodic quarterly reports on
Form 10-Q, current reports on Form 8-K and other documents filed with the SEC.
The foregoing list of important factors is not exclusive. Any forward-looking
statements speak only as of the date of this communication. Wabtec does not
undertake any obligation to update any forward-looking statements, whether as a
result of new information or development, future events or otherwise, except as
required by law. Readers are cautioned not to place undue reliance on any of
these forward-looking statements.

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