Exhibit 99.1

 

LOGO

WABCO Delivers Record Sales and Operating Income in 2018; Continues to Solidly Outperform Global Commercial Vehicle Market; Provides Guidance for 2019

 

   

Q4 2018 sales of $911.6 million, 2.4% lower versus a year ago, while up 1.4% in local currencies

 

   

Full year 2018 sales of $3,831.0 million, up 15.9% from a year ago and up 13.9% in local currencies

 

   

Q4 2018 reported operating margin of 12.3% versus 13.4% a year ago; performance operating margin of 13.8% versus 15.4% a year ago

 

   

Full year 2018 reported operating margin of 13.4%, up from 13.2% a year ago; performance operating margin of 14.2% versus 14.9% a year ago

 

   

Q4 2018 reported diluted EPS of $2.20 versus $3.12 a year ago; performance diluted EPS of $2.13, up from $2.00 a year ago

 

   

Full year 2018 reported diluted EPS of $7.43 versus $7.50 a year ago; performance diluted EPS of $7.87, up from $6.86 a year ago

 

   

For full year 2018, WABCO continued to strongly convert income into cash, resulting in net cash from operating activities of $468.5 million, up 11.2% from a year ago

 

   

Provides guidance for full year 2019: sales growth to range from 1.5% to 6.5% in local currencies; reported diluted EPS guidance to range from $6.88 to $7.38 and performance diluted EPS to range from $7.60 to $8.10

BRUSSELS, Belgium, February 15, 2019 – WABCO Holdings Inc. (NYSE: WBC), the leading global supplier of braking control systems and other advanced technologies that improve the safety, efficiency and connectivity of commercial vehicles, today reported Q4 and full year 2018 results.

WABCO Q4 2018

 

                               
U.S. Dollars in millions except EPS or otherwise indicated    Q4 2018     Q4 2017  

Sales

   $ 911.6     $ 934.1  

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

     Down 2.4     —    

Sales change – in local currencies year on year

     Up 1.4     —    

Operating Income – Reported

   $ 112.0     $ 124.9  

Operating Income – Performance

   $ 125.7     $ 144.2  

Operating Margin – Reported

     12.3     13.4

Operating Margin – Performance

     13.8     15.4

Net Income Attributable to the Company – Reported

   $ 114.5     $ 168.3  

Net Income Attributable to the Company – Performance

   $ 110.6     $ 107.7  

Diluted EPS – Reported

   $ 2.20     $ 3.12  

Diluted EPS – Performance

   $ 2.13     $ 2.00  


The following information was filed by Wabco Holdings Inc. (WBC) on Friday, February 15, 2019 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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