Last $92.66 USD
Change Today -0.13 / -0.14%
Volume 669.4K
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wabco holdings inc (WBC) Snapshot

Open
$92.30
Previous Close
$92.79
Day High
$92.82
Day Low
$91.69
52 Week High
06/9/14 - $111.65
52 Week Low
10/9/13 - $80.81
Market Cap
5.5B
Average Volume 10 Days
650.6K
EPS TTM
$7.62
Shares Outstanding
59.8M
EX-Date
04/27/09
P/E TM
12.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for WABCO HOLDINGS INC (WBC)

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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. Announces to Showcase Advanced Safety Technologies at IAA Commercial Vehicles 2014 in Hanover, Germany

WABCO Holdings Inc. announced that it will showcase its safety technologies at IAA Commercial Vehicles 2014 in Hanover, Germany. The company will demonstrate its continued technology leadership by featuring pioneering and breakthrough products and systems that help commercial vehicle manufacturers and fleet operators worldwide to significantly improve vehicle safety. IAA Commercial Vehicles 2014, one of the industry most global and comprehensive trade shows, will be held in Hanover from September 23, 2014 to October 2, 2014. The company will showcase numerous safety and driver assistance technologies from its portfolio of "industry firsts" and major innovations at IAA 2014. Differentiating the company products and systems on display at IAA 2014 will include: OnGuardPLUS: advanced emergency braking system for trucks and buses that detects moving, decelerating and stationary vehicles ahead. It alerts the driver via acoustic, visual and haptic signals. OnGuardPLUS autonomously applies the brakes and can bring the vehicle to a complete stop, helping to prevent or mitigate rear-end collisions. The system is the industry's first AEBS that complies with European regulations now in effect. OnGuardPLUS further elevates vehicle safety by building on WABCO's OnGuard(TM) technology. OnGuard is the first collision mitigation system (CMS) with active partial braking in North America that helps to mitigate rear-end collisions involving moving or stopping vehicles. OnGuard is the CMS solution in that region. Advanced Hydraulic ABS with ESCsmart(TM) - latest generation of hydraulic anti-lock braking system (ABS). Another industry first, this system integrates seamlessly with electronic stability control (ESC) for light- and medium-duty commercial vehicle platforms worldwide. WABCO's Hydraulic ABS offers multiple new functionalities, including Automatic Traction Control and Hill Start Aid. Enhanced OnLane(TM) - camera-based lane departure warning system features new optional functionality of driver drowsiness alert. OnLane continuously monitors the vehicle's position within lane markings and detects weaving driving behavior that could indicate driver drowsiness. It alerts the driver via acoustic and visual warning and, thereby, improves driver attentiveness, as well as overall vehicle and road safety. Breakthrough mBSP: modular braking system platform (mBSP) enables commercial vehicle manufacturers worldwide to interchangeably equip their diverse global truck and bus platforms with anti-lock braking (ABS) or electronic braking (EBS) systems based on regional market or regulatory requirements. The company's mBSP, another industry first, features industry's high degree of standardization across both components and software of its ABS and EBS systems.Next generation TailGUARD(TM) - Advanced driver assistance system that combines the functions of rear blind-spot monitoring and automatic braking. A proven safety technology for trailers since 2010, TailGUARD is now available for the first time for trucks and buses. It uses up to 6 ultrasonic sensors to identify even small stationary or moving objects hidden in the vehicle's blind spot. WABCO's TailGUARD alerts the driver via audio and visual signals before automatically applying the brakes to prevent collisions. The company will daily demonstrate TailGUARD at the IAA 2014 Innovation Stage. Fleet management solution TX-ECO - Transics International's driver performance management system helps commercial vehicle fleet operators improve vehicle safety and operational efficiency. TX-ECO records 7 driving style indicators, including excessive speeding and hard braking, which provides the foundation for data-based driver training and improved safety performance for fleets. WABCO acquired Transics International, a market leader in Europe, in February 2014.

WABCO Holdings Inc. Inaugurates Fifth World-Class Manufacturing Facility in India

WABCO Holdings Inc. inaugurated its fifth manufacturing facility in India, located in Lucknow. WABCO's extended network in India helps both local and global commercial vehicle manufacturers to further grow their domestic and export business. WABCO's new plant in Lucknow expands the company's world-class manufacturing capacity in India beyond its four existing plants: two in Chennai, one in Jamshedpur and another in Pantnagar. The company's new 11-acre (40,500 sq. meters) facility provides employment for around 150 people to-date. WABCO expects to employ an estimated 300 persons when this factory reaches its full production capacity by the end of 2015.

WABCO Holdings Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earning Guidance for the Full Year 2014

WABCO Holdings Inc. announced unaudited consolidated earnings results for the quarter and six months ended June 30, 2014. For the quarter, the company reported sales of $735.0 million against $678.2 million a year ago. Operating income was $90.4 million against $86.4 million a year ago. Income before income taxes was $95.8 million against $95.5 million a year ago. Net income attributable to company was $75.0 million against $83.2 million a year ago. Diluted net income per common share was $1.23 against $1.31 a year ago. Adjusted sales were $718.3 million against $678.2 million a year ago. Adjusted operating income was $96.5 million against $91.7 million a year ago. EBIT was $92.8 million against $93.1 million a year ago. Net cash provided by operating activities was $116.7 million against $92.1 million a year ago. Free cash flow was $88.8 million against $71.5 million a year ago. Purchases of property, plant, equipment and computer software was $24.5 million against $18.3 million a year ago. Performance operating income was $98.2 million, up from $91.7 million a year ago. Performance EBIT was $100.7 million against $94.9 million a year ago. Performance net income attributable to company was $86.6 million against $82.4 million a year ago. Performance net income attributable to company per diluted common share was $1.42 against $1.30 a year ago. The sales growth was 5.9% in local currencies. For the six months, the company reported sales of $1,464.5 million against $1,322.9 million a year ago. Operating income was $174.6 million against $168.2 million a year ago. Income before income taxes was $183.5 million against $179.6 million a year ago. Net income attributable to company was $144.4 million against $156.9 million a year ago. Diluted net income per common share was $2.35 against $2.46 a year ago. Adjusted sales were $1,444.6 million against $1,322.9 million a year ago. Adjusted operating income was $186.0 million against $179.5 million a year ago. EBIT was $177.9 million against $175.2 million a year ago. Net cash provided by operating activities was $162.7 million against $156.1 million a year ago. Free cash flow was $111.6 million against $115.1 million a year ago. Net purchases of property, plant and equipment was $44.0 million against $33.8 million a year ago. Performance operating income was $188.1 million against $179.5 million a year ago. Performance EBIT was $193.8 million against $183.4 million a year ago. Performance net income attributable to company was $165.9 million against $157.3 million a year ago. Performance net income attributable to company per diluted common share was $2.70 against $2.47 a year ago. For the full year of 2014, the company expects sales growth to now range from 6% to 9% in local currencies, versus previous guidance to range from 6% to 11%; performance operating margin to now range from 12.9% to 13.3%, versus previous guidance to range from 12.8% to 13.6%, and operating margin on a U.S. GAAP basis to now range from 12.2% to 12.6%, versus previous guidance to range from 12.4% to 13.2%, resulting in diluted EPS on a performance basis to now range from $5.45 to $5.75, versus previous guidance to range from $5.30 to $5.80 and diluted EPS on a U.S. GAAP basis to now range from $4.77 to $5.07, versus previous guidance to range from $4.78 to $5.28. Performance net income attributable to company expected to be in the range from $332.5 million to $350.8 million versus previous guidance to range from $323.3 million to $353.8 million. Reported net income attributable to company expected to be in the range from $290.7 million to $309.0 million versus previous guidance to range from $291.5 million to $322.0 million. Wabco cut the high end of its revenue forecast, now predicting sales growth of 6% to 9% in local currencies, against its prior guidance for sales growth of 6% to 11%. The company reiterated that it expects in 2014 to convert between 80% and 90% of its net income attributable to the company into free cash flow, excluding payments associated with streamlining, separation and acquisition items.

 

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