Exhibit 99.1

 

LOGO

WABCO Reports Q2 2017 Results; Continues to Strongly Outperform

Global Commercial Vehicle Market; Raises Guidance for 2017

 

    Q2 2017 sales of $795.0 million, up 8.6 percent from a year ago and up 10.4 percent in local currencies

 

    Q2 2017 reported operating margin of 13.6 percent versus 14.2 percent a year ago; performance Q2 2017 operating margin of 14.7 percent versus 15.0 percent a year ago. Q2 2017 operating margin adversely affected by 0.5 percent of transactional foreign exchange impacts.

 

    In Q2 2017, WABCO continued to strongly convert income into cash, resulting in net cash from operating activities of $88.2 million

 

    Q2 2017 reported diluted EPS of $1.61, up from $1.33 a year ago; performance Q2 2017 diluted EPS of $1.69, up from $1.43 a year ago

 

    Raises sales guidance for full year 2017 to now range from $3,025 million to $3,100 million versus previous guidance from $2,850 million to $2,990 million; sales growth to now range from 8 to 11 percent in local currencies versus previous guidance from 4 to 9 percent

 

    Raises reported diluted EPS guidance for full year 2017 to now range from $5.74 to $6.04 versus previous guidance from $5.44 to $5.94; and performance full year 2017 diluted EPS to now range from $6.05 to $6.35 versus previous guidance from $5.55 to $6.05

BRUSSELS, Belgium, July 20, 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 Q2 2017 results.

 

U.S. Dollars in millions except EPS or otherwise indicated    Q2 2017     Q2 2016*  

Sales

   $ 795.0     $ 732.2  

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

     Up 8.6     —    

Sales change – in local currencies year on year

     Up 10.4     —    

Operating Income – Reported

   $ 108.4     $ 103.9  

Operating Income – Performance

   $ 116.8     $ 109.9  

Operating Margin – Reported

     13.6     14.2

Operating Margin – Performance

     14.7     15.0

Net Income Attributable to the Company – Reported

   $ 87.2     $ 75.1  

Net Income Attributable to the Company – Performance

   $ 91.5     $ 80.4  

Diluted EPS – Reported

   $ 1.61     $ 1.33  

Diluted EPS – Performance

   $ 1.69     $ 1.43  

 

* Revised in accordance with Accounting Standards Update (ASU) 2017-07


The following information was filed by Wabco Holdings Inc. (WBC) on Thursday, July 20, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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