Wabco Holdings (WBC) Tops Q2 EPS by 3c; Raises Outlook
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WABCO Reports Q2 2016 Results; Generates Strong Growth While Continuing to Outperform Global Commercial Vehicle Market; Upgrades Guidance for 2016
July 20, 2016 6:31 AM EDTBRUSSELS, BELGIUM -- (Marketwired) -- 07/20/16 -- WABCO Holdings Inc. (NYSE: WBC) -
-- 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 operating income of $96.9 million, up from $80.6 million a year ago; and performance Q2 2016 operating income of $103.8 million, up from $91.6 million a year ago -- Q2 2016 reported operating margin of 13.2 percent, up from 12.2 percent a year ago; and performance Q2 2016 operating margin of 14.2 percent, up from 13.9 percent a year ago -- In Q2 2016, WABCO continued to strongly convert income into cash,... More