Wabtec sees FY25 adjusted EPS $8.35-$8.75, consensus $8.64

Sees FY25 revenue $10.725B-$11.025B, consensus $11.04B. The Company has largely achieved its previous 5-year guidance over the past 3-year period. Consequently, the Company is replacing its previous long-term guidance with new 5-year guidance. The Company expects mid-single digit revenue growth CAGR, 350+ bps of adjusted operating margin expansion, and double digit EPS growth CAGR while delivering greater than 90% average cash conversion over the 5-year period through the end of 2029. Expects strong cash flow generation with operating cash flow conversion of greater than 90 percent.