Exhibit 99.1

 

LOGO

WABCO Reports Q1 2018 Results; Solidly Outperforms Global

Commercial Vehicle Market; Raises Sales and EPS Guidance for 2018

 

    Q1 2018 sales of $1,003.3 million, up 34.3 percent from a year ago and up 22.9 percent in local currencies

 

    Q1 2018 reported operating margin of 14.7 percent up from 14.5 percent a year ago; performance Q1 2018 operating margin of 15.1 percent, up from 14.9 percent a year ago

 

    In Q1 2018, WABCO continued to strongly convert income into cash, resulting in net cash from operating activities of $89.0 million

 

    Q1 2018 reported diluted EPS of $1.87, up 26 percent from $1.48 a year ago; performance Q1 2018 diluted EPS of $1.97, up 34 percent from $1.47 a year ago

 

    Raises reported diluted EPS guidance for full year 2018 to now range from $6.95 to $7.45 versus previous guidance from $6.76 to $7.26; and performance full year 2018 diluted EPS to now range from $7.30 to $7.80 versus previous guidance from $7.20 to $7.70

BRUSSELS, Belgium, April 19, 2018 – 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 Q1 2018 results.

WABCO Q1 2018

 

U.S. Dollars in millions except EPS or otherwise indicated    Q1 2018     Q1 2017  

Sales

   $ 1,003.3     $ 747.3  

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

     Up 34.3     —    

Sales change – in local currencies year on year

     Up 22.9     —    

Operating Income – Reported

   $ 147.0     $ 108.5  

Operating Income – Performance

   $ 151.4     $ 111.1  

Operating Margin – Reported

     14.7     14.5

Operating Margin – Performance

     15.1     14.9

Net Income Attributable to the Company – Reported

   $ 100.7     $ 80.7  

Net Income Attributable to the Company – Performance

   $ 106.4     $ 80.3  

Diluted EPS – Reported

   $ 1.87     $ 1.48  

Diluted EPS – Performance

   $ 1.97     $ 1.47  

“In Q1 2018, WABCO again solidly outperformed the market relative to truck and bus production globally. Further enhanced by a favorable global market, we also set another successive quarterly record for sales which were up 23 percent in local currencies compared to the first quarter of 2017,” said Jacques Esculier, WABCO Chairman and Chief Executive Officer. “We also achieved superb quarterly earnings per share on a performance basis, up 34 percent year over year.”

“Accelerating demand for WABCO’s industry-leading portfolio combined with our recent strategic acquisitions continues to boost the adoption of WABCO technology onboard vehicles across all markets. Through an unrivalled breadth of offerings for advanced driver assistance systems, efficiency-related technologies and fleet management solutions, WABCO is unlocking new levels of differentiation and value for commercial vehicle manufacturers and fleet operators world-wide,” said Esculier.


The following information was filed by Wabco Holdings Inc. (WBC) on Thursday, April 19, 2018 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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