Last $105.99 USD
Change Today -0.17 / -0.16%
Volume 99.1K
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As of 11:54 AM 12/29/14 All times are local (Market data is delayed by at least 15 minutes).

wabco holdings inc (WBC) Snapshot

Open
$106.11
Previous Close
$106.16
Day High
$106.43
Day Low
$105.28
52 Week High
06/9/14 - $111.65
52 Week Low
02/5/14 - $83.92
Market Cap
6.2B
Average Volume 10 Days
330.1K
EPS TTM
$7.77
Shares Outstanding
58.9M
EX-Date
04/27/09
P/E TM
13.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for WABCO HOLDINGS INC (WBC)

wabco holdings inc (WBC) Related Businessweek News

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wabco holdings inc (WBC) Details

WABCO Holdings Inc., together with its subsidiaries, provides electronic, mechanical, and mechatronic products for commercial truck, trailer, bus, and passenger car manufacturers worldwide. It manufactures and sells control systems, including braking, stability, suspension, transmission control, and air compressing and processing systems primarily for commercial vehicles. The company offers pneumatic anti-lock braking systems (ABS), electronic braking systems (EBS), automated manual transmission systems, and air disc brakes; and various conventional mechanical products, such as actuators, air compressors, and air control valves for heavy and medium-sized trucks, trailers, and buses. It also supplies electronic suspension controls and vacuum pumps to the car and sport utility vehicles markets In addition, the company provides replacement parts, diagnostic tools, training, remanufacturing, and other services to commercial vehicle aftermarket distributors, repair shops, and fleet operators. The company serves truck and bus original equipment manufacturers (OEMs), trailer OEMs, and automotive OEMs, as well as commercial vehicle aftermarket distributors of replacement parts and services. WABCO Holdings Inc. primarily markets its products through sales force. It has a strategic alliance with SmartDrive Systems, Inc. for providing safety and efficiency solutions to commercial vehicle fleets in North America. The company was founded in 1869 and is headquartered in Brussels, Belgium.

10,860 Employees
Last Reported Date: 02/13/14
Founded in 1869

wabco holdings inc (WBC) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.1M
Executive Vice President and President of Tru...
Total Annual Compensation: $375.5K
President of Americas and Vice President of M...
Total Annual Compensation: $364.1K
Principal Accounting Officer, Vice President,...
Total Annual Compensation: $185.4K
Compensation as of Fiscal Year 2013.

wabco holdings inc (WBC) Key Developments

WABCO Holdings Inc. Enters into New $100 Million Multi-Currency Five-Year Senior Unsecured Revolving Credit Facility

On December 17, 2014, WABCO Holdings Inc. and certain other subsidiaries of WABCO Holdings Inc, entered into a new $100 million multi-currency five-year senior unsecured revolving credit facility (the WABCO Facility) with the lenders and agent banks party thereto, including Citibank International Limited as Agent, and Bank of America N.A., London Branch, Citigroup Global Markets Limited, BNP Paribas Fortis Bank S.A./N.V., The Bank of Tokyo-Mitsubishi UFJ Ltd. and Unicredit Bank AG as lead arrangers. The WABCO Facility will expire on December 17, 2019. Under the WABCO Facility, WABCO may borrow, on a revolving basis, loans in an aggregate principal amount at any one time outstanding not in excess of the U.S. Dollar equivalent of $100 million. The company may, at any time after the date of the WABCO Facility, request an increase in the WABCO Facility of up to $50 million. The proceeds of the borrowings under the WABCO Facility would be available to repurchase WABCO shares, finance acquisitions, provide working capital, refinance existing indebtedness and for other general corporate purposes. Interest on loans under the WABCO Facility will be calculated at a rate per annum equal to an applicable margin which can vary from 0.45% to 1.00% based on WABCO’s leverage ratio plus LIBOR for loans denominated in U.S. Dollars and EURIBOR for loans denominated in Euros. The WABCO Facility also provides for the company to pay various fees including a participation fee on the amount of the lenders’ commitments thereunder. The WABCO Facility permits voluntary prepayments (without reducing availability for future revolving borrowings) and voluntary commitment reductions, in each case without premium or penalty. The borrowings will be unsecured but will be guaranteed by the company.

WABdCO Holdings Inc. Appoints Nick Reilly to Board of Directors

WABdCO Holdings Inc. announced that it has appointed Nick Reilly to its board of directors. Mr. Reilly's appointment took effect on December 5, 2014. Mr. Reilly brings to WABCO nearly 40 years of experience working in the global automotive industry. Most recently, he served as strategic advisor to three automotive suppliers in Korea, the U.S. and Ukraine.

WABCO Holdings Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revised Earnings Guidance for the Full Year of 2014

WABCO Holdings Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported sales of $707.3 million compared with $677.1 million for the same period a year ago. Operating income was $87.7 million compared with $86.9 million for the same period a year ago. Income before income taxes was $94.0 million compared with $90.5 million for the same period a year ago. Net income attributable to company was $82.0 million or $1.37 per diluted share compared with $80.0 million or $1.26 per diluted share for the same period a year ago. Net cash provided by operating activities was $48.0 million compared with $92.0 million for the same period a year ago. Purchases of property, plant and equipment was $36.1 million compared with $24.5 million for the same period a year ago. Investments in capitalized software were $2.2 million compared with $2.2 million for the same period a year ago. Adjusted sales were $707.8 million compared with $677.1 million for the same period a year ago. Performance operating income was $94.8 million compared with $89.5 million for the same period a year ago. Adjusted operating income was $95.1 million compared with $89.5 million for the same period a year ago. Performance EBIT was $97.9 million compared with $91.1 million for the same period a year ago. Performance pre-tax income was $97.8 million compared with $90.9 million for the same period a year ago. Performance net income attributable to company was $86.5 million or $1.44 per diluted share compared with $79.5 million or $1.26 per diluted share for the same period a year ago. For the nine months, the company reported sales of $2,171.8 million compared with $2,000.1 million for the same period a year ago. Operating income was $262.3 million compared with $255.1 million for the same period a year ago. Income before income taxes was $277.5 million compared with $270.1 million for the same period a year ago. Net income attributable to company was $226.4 million or $3.71 per diluted share compared with $236.9 million or $3.72 per diluted share for the same period a year ago. Adjusted sales were $2,152.4 million compared with $2,000.1 million for the same period a year ago. Performance operating income was $282.9 million compared with $268.8 million for the same period a year ago. Adjusted operating income was $280.9 million compared with $268.8 million for the same period a year ago. Performance EBIT was $291.7 million compared with $274.4 million for the same period a year ago. Performance pre-tax income was $291.8 million compared with $273.7 million for the same period a year ago. Performance net income attributable to company was $252.4 million or $4.14 per diluted share compared with $236.8 million or $3.72 per diluted share for the same period a year ago. Net cash provided by operating activities was $210.8 million compared with $248.1 million for the same period a year ago. Net purchases of property, plant, equipment and computer software was $80.0 million compared with $58.3 million for the same period a year ago. Investments in capitalized software were $9.3 million compared to with $9.4 million for the same period a year ago. The company revised full year 2014 sales growth to now range from 5.5% to 6.5% in local currencies versus previous guidance to range from 6% to 9%; performance operating margin to now range from 12.9% to 13.1% versus previous guidance to range from 12.9% to 13.3%; and operating margin on a U.S. GAAP basis to now range from 12.2% to 12.4% versus previous guidance to range from 12.2% to 12.6%, resulting in diluted EPS on a performance basis to now range from $5.45 to $5.55 versus previous guidance to range from $5.45 to $5.75 and diluted EPS on a U.S. GAAP basis to now range from $4.77 to $4.87 versus previous guidance to range from $4.77 to $5.07. With continued effort and effective tax planning, as well as confirming selected tax incentives, including most notably, decisions related to manufacturing centers in Europe, the company is lowering full year performance tax rate to 13.5% from the former 14.5%.

 

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