Record Revenue and EPS Growth
Sales were $2.6 billion, up 4.5%, and adjusted EPS was up 21% from the year-ago quarter, demonstrating a strong start to the year.
International Market Strength
The international markets showed strong momentum with a 6% increase in the twelve-month backlog, driven by activities in Africa, Asia, CIS, and the APAC region.
Significant Business Wins
Secured a $300 million multiyear service agreement in Kazakhstan, a $140 million order in North America for new locomotives, and $130 million in APAC orders for new equipment and service contracts.
Strong Operational Execution
Achieved an adjusted operating margin of 21.7%, up 1.9 percentage points from the previous year due to improved gross margins and proactive cost management.