Albert J. Neupaver, Wabtec's president and CEO, said: “We expect the company's financial performance in 2012 to exceed our initial guidance for several reasons: Continued strength of the global freight rail market, including demand for new freight cars and locomotives; further progress in implementing our growth strategies; and benefits from continuous improvement initiatives through the Wabtec Performance System.”

Wabtec will report first-quarter results on April 24, and it will conduct a conference call to discuss those results with analysts and investors at 10 a.m. the same day.