Unlike ordinary compression springs which are design to have a linear spring rate, these springs can have multiple rates or a progressively increasing/decreasing spring rate as the spring compresses.In this video Plant Manager Paul Magee discusses the very important topics of safety performance at Barber Spring. News Release Wabtec Announces Second Quarter Earnings Release Date WILMERDING, Pa., July 9, 2019 -- Wabtec Corporation (NYSE: WAB) announced it will … Paul also discusses the spring manufacturing process and growth at Barber Spring.In this video plant manager Paul Magee discusses a few spring testing procedures which are used in the process of making industrial springs at Barber Spring Company in Pittsburgh, PA. Wabtec Corporation (NYSE: WAB) announced it will report first quarter 2020 results before the U.S. financial markets open on May 4, 2020. 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. Additionally, we are taking actions to reduce working capital and to cut non-essential capital spending.Wabtec previously issued 2020 financial guidance, which did not include the impacts of the coronavirus, on February 18, 2020. Total sales were $1.9 billion versus $1.6 billion a year ago.Cash Flow and Liquidity SummaryAt March 31, Wabtec's total, multi-year backlog was $21.5 billion, and its 12-month backlog was $5.6 billion, slightly lower than at December 31, 2019.in China, India, and parts of Europe) were partially or fully impacted due to government issued lockdowns to protect against the spread of the virus.Our team is focused on taking the necessary steps in response to the pandemic. Wabtec Corp. (NYSE: WAB) COO Stephane Rambaud-Measson resigned from his position Feb. 12, according to a news release from the company. It is a smart cruise control system for trains. This is a testament to the perseverance and experience of our employees. Readers are cautioned not to place undue reliance on any of these forward-looking statements.In accordance with (and in addition to) guidance from both the World Health Organization (WHO) and the U.S. Centers for Disease Control and Prevention (CDC), Wabtec has taken significant proactive measures to protect the health and safety of employees, including temperature screenings, enhanced social distancing, expanded work from home protocols, the implementation of deep cleaning and sanitization efforts, and the distribution of additional personal protective equipment (PPE) where needed.Due to the impacts of the pandemic and the global government actions to contain it, some of Wabtec's customers have been adversely affected, and certain of our operations and supply chains have, and continue to be, impacted. We are reducing our controllable costs by delivering on our original synergy targets, continuing to consolidate our operational footprint by an additional 9% in 2020, and lowering fixed costs by driving down SG&A expense.
However, Wabtec operations (most notablyThis communication contains "forward-looking" statements as that term is defined in Section"We are taking swift and prudent actions to reduce cost, manage cash and maintain our strong liquidity position.
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