Key Developments: WABCO Holdings Inc (WBC)
76.45USD
18 Jun 2013
$1.00 (+1.33%)
$75.45
$75.60
$76.59
$75.28
270,819
510,117
$78.62
$46.73
Latest Key Developments (Source: Significant Developments)
WABCO Holdings Inc Reman Solutions Expands Global Capability; Becomes First And Only Licensed Supplier In China To Remanufacture Air Compressor
WABCO Holdings Inc announced that it continues to expand its global remanufacturing capability as the Company has recently been granted a license by Chinese authorities to remanufacture air compressors in China for commercial and off-highway vehicles. WABCO is the first and only supplier in China authorized to conduct this type of remanufacturing activity. WABCO Reman Solutions is remanufacturing air compressors locally for China National Heavy Truck Corporation (CNHTC) and for WABCO's customers in the independent aftermarket in China. WABCO expects to expand its remanufacturing scope in China to add other products, subject to government approvals. Full Article
WABCO Holdings Inc Raises Low End Of Prior FY 2013 Revenue Guidance To A Range In Line With Analysts' Estimates; Raises FY 2013 EPS Guidance-Conference Call
WABCO Holdings Inc announced that for fiscal 2013, the sales growth, went from a 2% to 7% to a 3% to 7% expected growth in local currency, leading to a $2.6 billion to $2.7 billion, integrating an adjustment in the exchange rates and moved the brackets for the expected performance EPS from $4.30 to $4.80 to a $4.45 to $4.85 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $2.634 billion and EPS of $4.71 for fiscal 2013. Full Article
WABCO Holdings Inc Issues FY 2013 Guidance In Line With Analysts' Estimates-Conference Call
WABCO Holdings Inc announced that for fiscal 2013, it expects sales growth at equal exchange rates to be 2%-7%, and performance earnings per share (EPS) to be in the range of $4.30-$4.80. The Company reported revenue of $2.477 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $2.559 billion and EPS of $4.70 for fiscal 2013. Full Article
WABCO Holdings Inc Secures Orders To Supply Anti-Lock Braking Systems
WABCO Holdings Inc announced that it has won contracts to provide anti-lock braking systems (ABS) to six of Brazil's trailer manufacturers. Trailer manufacturers that placed recent orders with WABCO in Brazil include Facchini, Guerra, Rodofort, Usicamp and two other local manufacturers. Together, these companies supply around 45% of the new trailers manufactured in Brazil. Full Article
WABCO Holdings Inc Lowers FY 2012 Guidance
WABCO Holdings Inc announced that based on prevailing market conditions, it has revised its guidance for fiscal 2012 to now indicate estimated fiscal 2012 sales to decline between 4% and 5% in local currencies, which is adjusted from previous guidance for sales growth to range between negative 2% and positive 3% in local currencies. The Company has updated diluted earnings per share (EPS) on a performance basis to range from $4.28 to $4.38 versus previous guidance to range from $4.30 to $4.80, and diluted EPS on a U.S. GAAP basis is updated to now range from $4.54 to $4.64 versus previous guidance to range from $4.42 to $4.92. The Company reported revenue of $2.79 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $4.50 for fiscal 2012. Full Article
WABCO Holdings Inc Announces Additional $400 Million Of Share Buyback
WABCO Holdings Inc announced that on October 26, 2012 its board of directors authorized the Company to enter into an additional share repurchase program. This board authorization allows for the repurchase of a further $400 million of common shares at the discretion of management for a period until December 31, 2014. Since the initiation of WABCO's ongoing share buyback program of $400 million commenced in June 2011, the company has repurchased 6,409,012 million shares for $340.2 million in open market transactions as of October 26, 2012. Full Article
WABCO Holdings Inc Acquires Ephicas ;Industry Pioneer In Commercial Vehicle Aerodynamics
WABCO Holdings Inc announced that it has acquired Ephicas, a pioneering company in the field of aerodynamic solutions for commercial vehicles. Ephicas is a spin-off company of the Faculty of Aerospace Engineering at Delft University of Technology (TU Delft). Ephicas creates and commercializes innovative aerodynamic solutions for trailers, trucks and buses that improve fuel economy and contribute to a better environment. It is headquartered in the YES!Delft incubator. Ephicas has received several European awards for its technology. Terms of the transaction were not disclosed. Full Article
WABCO Holdings Inc. Reaffirms FY 2012 Revenue Guidance; Raises FY 2012 EPS Guidance
WABCO Holdings Inc. announced that it reiterates its previously disclosed guidance for fiscal 2012 which includes estimated sales growth to range between negative 2% and positive 3% in local currencies and diluted earnings per share (EPS) on a U.S. GAAP basis is updated to range from $4.42-$4.92, up from previous guidance to range from $4.32-$4.82. The Company reported revenue of $2.79 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $4.59 for fiscal 2012. Full Article
WABCO Holdings Inc. Enters Into Agreement With Daimler Trucks North America
WABCO Holdings Inc. announced that it has entered into a long-term supply agreement with Daimler Trucks North America (DTNA). WABCO will supply MAXXUS air disc brake technology for series production on DTNA's trucks starting in July 2012. Full Article
WABCO Holdings Inc. Secures Contract
WABCO Holdings Inc. announced that it has entered into a long term agreement with IVECO to supply anti-lock braking technology for IVECO's platforms of light- and medium-duty trucks produced in Brazil from 2013 onward. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
