Okay Pat, thank you.
comments I about and couple make Before vision. for of guidance go into our to want long-term I XXXX,
the We point a to believe growth Our we strong long-term past accomplish the that. starting we to roadmap what get we continue over company much years that plan vision have as believe path for our to next changed. in that is in X for done hasn't this a XXXX very opportunity have and there we've
to So, go into with guidance. I'd that, like the
earnings and the to about integration we expect would represent XX%. excluding For about $X.XX, this EPS be share adjusted charges. billion, diluted and to about revenues of our growth revenue about with of adjusted Compared of growth X% restructuring $X.X XXXX, year, per
to in be XXXX. fourth is to EPS quarter adjusted XXXX first of adjusted quarter EPS expected our Our similar
excess expect from generate in operations income. cash of We net to
is segments restructuring improvements XX.X%; Our also key those for in margin complete target bleed operating as our and reduction said, the as project programs. margin we and growth assumptions Revenue mentioned, we benefit our out. during and see better the year the our performance should the get contracts Pat of include Pat about both through cost We consolidated year following: of
rate expected shares for tax purposes. be year. calculation about Our We're to assuming be diluted the for is EPS will $XX about XX.X% million outstanding
to very balance the we XXXX and our our plan, meet and in capture expect acquisition. growth strengthening synergies straightforward investing growth while opportunities to Faiveley our from sheet generate to So, cash goals financial are the to
generated plan, of about schedule, complex, and our $XX integration say million. effort XXXX, more we target also million let's $XX of we synergies taking in expect ahead Relative So, In more has In million been an integration the million. we are to $XX of additional about XXXX, can talk that I anticipated. $XX compared our to achieve synergies. than to more synergy but to we difficult
years three million, so and that first at expect the You'll pace recall, for our to is ahead least of target that we continue. are $XX
generating We’re opposed we eliminated market through consolidations and and leveraging operational in date, half spend great also of new and include leveraging reduce R&D that strategies and through consolidated savings of and plan specific a product are as chain engineering the and planned have consolidations cost capabilities efficiencies, items excellence to combined where each are to supply our utilizing combined footprint have cost. geographical sourcing inventory locomotive we our illustrative or facilities. by existing portfolio and product almost Facility we $X the dozen billion suppliers. We’ve spending moved our we’ve is product similar company for development selected we the GE which on annually our class facilities about offer redundant where have we India closed we geographical our there. each us Faiveley products leverage the from gives build An best that where facility, contract optimized example the in on to development
we that has at ahead keep to the are been way. to plan summarize, than our we complex synergy we bit So, and of expected, more intend but integration a it
So, let’s freight in stated both the about transit business for talk and XXXX. now
grow. the global with market On from organically more the of Faiveley Currently benefit acquisition player. to our the Overtime share into strong, and continue integration truly the investment we scale mean transit that acquisitions as the growth stability, transportation public side, should transformed grow. both better aftermarket revenues transit in of the a increase margins market worldwide the and opportunities improved visibility, and to and as has continues through is transit stated business
orders new about in excited opportunities XX% new investments just the rail plan for Indian India the and including double cars UK, Government network five-year the just with announced the locomotives, lines, spending We’re freight increase filters. proposed railways passenger XX% in and a budget Indian a tracking In where its billion into increase and particularly and growth Danish York the largest of placed Marta to In one The subway inject DSB its cars. renewal. replace the existing history to network. fleet €XX his fleet. New loan its entire in the state from US, Atlanta, maintenance plans operations, in announced railways City plan has just And
So, markets in XXXX projects our the for includes PGV Germany, trains all high trains continues New in within categories London to to strengthen major Paris throughout customers. new supplying about the the in speed, major Metro with our XX% backlog cars all components for our ICE new position product cars major we booked and as market to systems all and in Cars during increased in France The for the for India. orders Metro underground, our
aftermarket OEM these of term typically also backlog good XX years. sales fourth which is the that kick and revenues starting to had quarter, we lead profitability During for But as XX% long contracts, about to that some to in. provide organic orders remember, XX of
market. to move freight let's the Now
On still storage XX% see a see still mix was about about freight about of of In and conditions. but lot freight this weather year, in could stock that a so related. rolling challenging improving We of rail X% XX% up It's rail and some freight flat far locomotives. traffic be side, for market NAFTA, the we from the XXXX. cars
Although, are those do type that of and you sluggish even others. Throughout for in cars modest current but starting freight type world, in revenues, needed with a that by come freight bit. pickup market outlook we offset recently. mixed are for tell the I see to storage demands that compounding, conditions market the improving more inquiries Locomotive should has numbers and the XXXX, areas not servicing cars aftermarket Around the down some Projects. represent requirements. necessarily of been overhaul repair also are a to in saw growth started our and We for
increase And been time the has years. first a past revenues stable two in backlog X for for Pat freight freight showed our Our year-on-year quarter quarters. mentioned, as fourth the
the this tracking far for in very month So same. February orders year, freight margin These for was positive all January a aftermarket are business. good indicators be high to and a the us in appears
expected which following. CapEx declined assumptions Our in be to slightly the freight up. XXXX flat XX% include Rail is about XXXX
New in slight locomotives worldwide reduction increase but will see a NAFTA. a
other our which forecasting a in in freight is NAFTA. freight Remember, slightly a slight XX% New rail industrial to cars outside markets we also are the improvement. anticipate of flat up segment and of we variety of
fourth move of in train signalling highest about XXXX growth quarter Let's $XXX control million, control and Train $XXX customers growth this to ended the the product in signalling were and our In this long-term our sector. deadlines. meet remains push we our revenues an the line part area the strategy. quarter, million, to year. and year X% of regulatory the from expect We as important
the class negotiations contracts in commuter for We with to million announced agreements service $XX of we a revenue. ones. quarter, annually aftermarket multiyear million completed and in Also, customers. PTC and customers all of train During over Project wholesale international contract control was service orders of million include the ones, agreements master and each settled management with strong last the $XX service our represent we agencies services other which XXXX, fourth several booked foundation class of booked about provide week, new various of $XXX equipment. PTC
we is we project product opportunities the and our focused deadlines on ensure based meet organic PTC single to be also maintain in acquisitions. instance software North expect including will and leadership on PTC PTC follow install are growth, the near we the our Wabtec decide long-term Multiyear to features and maintenance business for base service continued market to development their as we addition, in opportunities. enhancements, and are largest our and investment In helping the capture America for signalling term, product customers and that through investing growth position on signal growth following a functionality. Long-term investment leverage in growth for and business agreements international and
to So, acquisitions. let’s move
like strong aftermarket. Rail] parts Just represent industrial AM presence fire which fires for countries markets started retrofit in patented and AM’s It and fourth these becoming annual that of distinguish Union have infrared a years supply rail $XX the and General the companies solutions expanding a systems is quarter Europe. replacement Italy. for and services. General, design, by sales. next included AM Melett for combined manufacturing and brings million are European Actium protection we about aftermarket and the components quarter on both Regulations, high-performance a and [Melett a and growth three requirement has on manufactures during comment turbocharger already leader in a markets throughout opportunities over trains technology acquired five driven of both
and service. and suspension standard China. in spare range bogies car freight parts our have distribution operations Melett so adaptable minimize nice know, track turbocharger products a noise and our business throughout truck complements XXX with Europe, those You with our and complement to reduce in we so this reconditioning, a in services customers countries geographical prior four turbo our China, and Axium manufactured area, North we UK, opportunities provide complements actually this systems aftermarket low-cost of business and in manufacturing than around that an businesses Europe banks extensive for existing our Its it maintenance remanufacturing have represents well. in Axium for a and and America turbocharger very wide business, more requirements world for cars, business in repair portfolio with the businesses customers. expansion the comprehensive provide
outlook. long-term So by to about my wrap going long-term, I’m with comments our back talking to prepared
market To indicated to five-year goals, with financial these signalling. we go our global average of through new and from growth the aftermarket double-digit product presence have each TG four lines PTC with This growth development expect technologies balanced Five completed stabilize grow through product with with transit market be through to along now worldwide as company. first we revenues profitable in major now freight, and more our company, and business to initiatives a an in more corporate benefit acquisitions. demand meets growing our consistent global, to our more cyclical strategic plan objectives and strong we to worldwide through margins. position expansion, our stronger, years expansion XXXX, and goals grow a less and During of through and in to for cycle earnings long-term improving grow to achieve plan grow
some reiterate the of to Finally, at my call. beginning of comments the
think accomplished we We the on believe that and today I look for XXXX was back will of positioning we quite during company the the than company as transition much stronger a bit year year our better positioned a it and future. year, is the all and ago.
backlog. to And us XXXX build once excellence in Wabtec our our happy answer profitable efficiencies, the and seeing and based all to in XXXX cost to and improvements expect demonstrating consistent The area accomplishments improvements. growth are we to We years growing which record program fuel deliver your operational through during ability margins reductions again that, our ahead. With we're increase those cost on to and be committed in freight on questions. all we'll the aftermarket gives
