Wabtec Board Increases Share Buyback Authorization - Quick Facts

(RTTNews) - Wabtec Corp. (WAB) announced its Board has increased the company's share buyback authorization to $200 million. The new buyback authorization supersedes the previous authorization of $150 million, which had about $45 million remaining.

Albert Neupaver, Wabtec's chairman and CEO, said: "With our future outlook and track record of generating strong cash flow, we have ample capacity to invest in organic growth opportunities and acquisitions, and to return money to shareholders in a variety of ways while maintaining our financially conservative posture."