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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InWabtec Corporation has announced an optimistic financial outlook, projecting sales to reach $11.5 billion by 2026, representing a 10.5% increase. The company's growth trajectory is supported by a record-breaking order backlog of $27 billion, fueled by robust demand in the North American freight market. A central component of this strategy is the launch of the EVO mainline service upgrade program, which aims to modernize 40,000 locomotives over the next 15 years. Furthermore, Wabtec is targeting sustained earnings per share (EPS) growth of 18% to 20% through the end of the decade. This long-term outlook reflects the company's strong market position and its focus on high-margin modernization projects. Investors are viewing these projections as a positive signal for financial stability and operational efficiency within the transportation manufacturing sector.