Edition:
United States

WABCO Holdings Inc (WBC)

WBC on New York Consolidated

97.71USD
22 Jul 2016
Change (% chg)

$-0.67 (-0.68%)
Prev Close
$98.38
Open
$98.14
Day's High
$98.63
Day's Low
$96.09
Volume
379,914
Avg. Vol
550,417
52-wk High
$126.39
52-wk Low
$81.65

Latest Key Developments (Source: Significant Developments)

Wabco Holdings updates on patent income deduction in Belgium
Wednesday, 20 Jul 2016 07:15am EDT 

Wabco Holdings : Wabco Holdings - Subsequent to June 30, co received ruling from Belgium government that a patent income deduction is available for both 2015 & 2016 . Wabco Holdings says expects the total benefit for both years to be between $35 million to $40 million . Benefit for 2016 remains within Q2 2016 provision, benefit for 2015 will be recognized when co's files Belgium tax return in Q3 2016 . Plans to investigate whether this tax relief would have been available to co in years prior to 2015 if no EPR benefit had been claimed .Any related benefit for years prior to 2015 will be recognized as and when co's assessment is complete.  Full Article

WABCO Holdings Inc reports Q2 2016 diluted earnings per share $1.33
Wednesday, 20 Jul 2016 06:30am EDT 

WABCO Holdings Inc : Q2 2016 sales of $732.2 million, up 10.8 percent from a year ago and up 11.5 percent in local currencies . Q2 2016 reported diluted EPS of $1.33 . Upgrades reported diluted EPS guidance for full year 2016 to now range from $3.73 to $4.03 . Upgrades reported diluted EPS guidance for full year 2016 to now range from $3.73 to $4.03 .Upgrades performance full year 2016 diluted EPS to now range from $5.60 to $5.90.  Full Article

WABCO Holdings Inc maintains FY 2016 guidance
Friday, 22 Apr 2016 06:30am EDT 

WABCO Holdings Inc:Maintains guidance for FY 2016: sales growth to range from 6 to 11 percent in local currencies, 2016 diluted EPS on a performance basis to range from $5.30 to $5.80 and 2016 diluted EPS on a U.S. GAAP basis to range from $3.43 to $3.93.  Full Article

WABCO Holdings Inc gives FY 2016 guidance
Thursday, 11 Feb 2016 06:30am EST 

WABCO Holdings Inc:Provides guidance for FY 2016, including WABCO's recently announced acquisition of MICO Incorporated.Expects FY 2016 sales growth to range from 6 to 11 percent in local currencies, FY 2016 diluted EPS on a performance basis to range from $5.30 to $5.80 and FY 2016 diluted EPS on a U.S. GAAP basis to range from $3.43 to $3.93.  Full Article

WABCO Holdings Inc plans to shut 2 plants in Europe - Reuters
Tuesday, 22 Sep 2015 08:00pm EDT 

WABCO Holdings Inc:Wabco Holdings Inc WBC.N, a maker of braking and stability control systems, said it plans to stop manufacturing at two plants, in the Netherlands and France, and cut 320 jobs - Reuters.The factories make conventional mechanical products such as actuators, air compressors and air control valves for trucks, buses and trailers - Reuters.Wabco, whose mechanical products business has been facing stiff competition from Chinese companies, said it may shut the Dutch plant in Meppel by the second half of next year, and the French plant in Claye-Souilly in the second half of 2017 - Reuters.The company said it would incur about $55 million-$70 million in restructuring costs, including about $45 million-$60 million of net cash costs - Reuters.The company said it expects the majority of the cash costs relating to the restructuring to be incurred in 2016 and 2017 - Reuters.  Full Article

WABCO enters into long-term supply agreements with new customer based in China; supports JMCH to expand into heavy-duty truck segment
Wednesday, 19 Aug 2015 02:00am EDT 

WABCO Holdings Inc:Enters into long-term supply agreements with new customer based in China; supports JMCH to expand into heavy-duty truck segment.Says series production is planned to begin in three years for the Chinese market and expected export to southeast Asia.  Full Article

WABCO Holdings Inc updates guidance FY 2015 guidance
Friday, 24 Jul 2015 06:30am EDT 

WABCO Holdings Inc:Updates guidance for FY 2015 to reflect further adverse foreign exchange effects and market changes: sales growth to now range from 6 pct. to 9 pct. versus previous guidance from 5 pct. to 10 pct. in local currencies.Says FY 2015 diluted EPS on performance basis to now range from $5.60 to $5.85 versus previous guidance from $5.60 to $6.00.Says FY 2015 diluted EPS on a U.S. GAAP basis to now range from $4.89 to $5.14 versus previous guidance from $4.86 to $5.26.  Full Article

WABCO Holdings Inc lowers FY 2015 outlook
Thursday, 23 Apr 2015 07:00am EDT 

WABCO Holdings Inc:Expects FY 2015 sales growth to now range from 5 to 10 pct versus previous guidance from 6 to 11 pct in local currencies.Expects FY 2015 diluted EPS on a performance basis to now range from $5.60 to $6.00 versus previous guidance from $5.80 to $6.30.Expects FY 2015 diluted EPS on a U.S. GAAP basis to now range from $4.76 to $5.26 versus previous guidance from $5.09 to $5.59.Reported revenue of $2.851 bln in FY 2014.FY 2015 EPS of $6.13 - Thomson Reuters I/B/E/S.  Full Article

WABCO Holdings Inc expands engineering capabilities in North America; opens new commercial vehicle development and testing facility in Rochester Hills, Michigan
Wednesday, 25 Mar 2015 10:30am EDT 

WABCO Holdings Inc:Recently expanded its engineering capabilities in North America.company opened a new commercial vehicle development and testing facility in Rochester Hills, Michigan (USA) to help develop the next-generation safety and efficiency technologies for trucks, buses and trailers.WABCO has invested $1.5 million and built an advanced 4,400-square-foot site to support the work of more than 50 engineers involved in the innovation and development of new products and systems for commercial vehicle manufacturers and fleet operators in North America.  Full Article

WABCO Holdings Inc invests $17 mln in new U.S. Manufacturing Facility
Wednesday, 25 Mar 2015 10:00am EDT 

WABCO Holdings Inc:Expand its manufacturing capabilities in North America.Will invest $17 mln to build a manufacturing site in Charleston, South Carolina (USA) to meet increasing customer demand for its advanced air disc brakes (ADB), energy-efficient air compressors and related systems.Construction of the new, 145,000-square-foot facility is expected to be completed by the end of the year.company will then relocate from its exiting Charleston site to the new facility.Anticipates the new production facility to be fully operational by the first quarter of 2016.Company's investment is expected to create more than 50 new jobs and help sustain approximately 175 existing jobs.  Full Article

BRIEF-WABCO Holdings Inc reports Q2 2016 diluted earnings per share $1.33

* Q2 2016 sales of $732.2 million, up 10.8 percent from a year ago and up 11.5 percent in local currencies