Wabtec announced definitive agreements to acquire Evident's Inspection Technologies for $1.78 billion and Dellner Couplers for $960 million. These acquisitions are expected to expand Wabtec's capabilities in digital intelligence and transit connection systems, respectively.

Wabtec signed a $140 million new locomotive order with a North American Class I railroad and a new service contract in Kazakhstan worth $299 million. These contracts demonstrate Wabtec's ability to secure new business and drive recurring revenue streams.

Wabtec continues to focus on driving operational efficiency and improving profitability through restructuring initiatives, including Integration 3.0, Portfolio Optimization, and Integration 2.0. These initiatives are expected to reduce manufacturing complexity and streamline operations.

Company Management determined that certain businesses within the Services product line would be better aligned with Management oversight in the Components product line.

In March of 2025, Moody's upgraded the Senior Notes ratings to Baa2 from Baa3 and changed the outlook to stable from positive, and S&P Global Ratings reaffirmed Wabtec's credit rating at BBB with a Stable outlook.

Future macroeconomic volatility, changes to tariffs and trade policies, supply chain disruptions, and labor availability could cause an impact on revenue and cost increases resulting in an adverse effect on the Company's operating results.

The company is reliant on major original equipment manufacturer customers, which could pose a risk if those customers reduce business.

The Board of Directors authorized an additional $1.0 billion to the Company's existing stock repurchase program. As of March 31, 2025, approximately $902 million was remaining under the stock repurchase plan.

Wabtec intends to finance these acquisitions using cash on hand, together with a mix of short- and long-term borrowings.