Exhibit 99.1

 

LOGO

WABCO’s Sales Growth in 2016 Solidly Outperforms Global Commercial Vehicle Market; Provides Guidance for 2017

 

  Q4 2016 sales of $713.7 million, up 6.4 percent from a year ago and up 8.3 percent in local currencies

 

  Full year 2016 sales of $2,810.0 million, up 6.9 percent from a year ago and up 8.7 percent in local currencies

 

  Q4 2016 reported operating margin of 12.8 percent, up from 11.2 percent a year ago; performance Q4 2016 operating margin of 14.0 percent, up from 13.1 percent a year ago

 

  Full year 2016 reported operating margin of 12.7 percent, up from 10.3 percent a year ago; performance full year 2016 operating margin of 13.9 percent, up from 13.5 percent a year ago

 

  For full year 2016, WABCO continued to strongly convert income into cash, resulting in net cash from operating activities of $405.4 million

 

  Q4 2016 reported diluted EPS of $1.15 versus $1.71 a year ago; performance Q4 2016 diluted EPS of $1.47, up from $1.43 a year ago

 

  Full year 2016 reported diluted EPS of $3.98 versus $4.72 a year ago; performance full year 2016 diluted EPS of $5.80, up from $5.62 a year ago

 

  Provides guidance for full year 2017: sales growth to range from 4.0 to 9.0 percent in local currencies, reported diluted EPS to range from $5.23 to $5.73 and performance diluted EPS to range from $5.55 to $6.05

BRUSSELS, Belgium, February 17, 2017 – WABCO Holdings Inc. (NYSE: WBC), a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles, today reported Q4 and full year 2016 results.

WABCO Q4 2016

 

U.S. Dollars in millions except EPS or otherwise indicated    Q4 2016     Q4 2015  

Sales

   $ 713.7      $ 670.6   

Sales change – in U.S. Dollars year on year

     Up 6.4     —     

Sales change – in local currencies year on year

     Up 8.3     —     

Operating Income – Reported

   $ 91.1      $ 74.9   

Operating Income – Performance

   $ 100.1      $ 87.8   

Operating Margin – Reported

     12.8     11.2

Operating Margin – Performance

     14.0     13.1

Net Income Attributable to the Company – Reported

   $ 63.1      $ 98.7   

Net Income Attributable to the Company – Performance

   $ 80.9      $ 82.1   

Diluted EPS – Reported

   $ 1.15      $ 1.71   

Diluted EPS – Performance

   $ 1.47      $ 1.43   


The following information was filed by Wabco Holdings Inc. (WBC) on Friday, February 17, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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