Wabco Holdings (WBC) Tops Q1 EPS by 2c; Guides FY In-Line

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WABCO Reports Q1 2016 Results; Strongly Outperforms a Further Eroding Global Commercial Vehicle Market; Maintains Guidance for 2016

April 22, 2016 6:30 AM EDT

BRUSSELS, BELGIUM -- (Marketwired) -- 04/22/16 --

-- Q1 2016 sales of $688.7 million, up 9.7 percent in local currencies and up 5.6 percent in U.S. dollars from a year ago -- On a performance basis, Q1 2016 operating income of $96.5 million, up from $93.5 million a year ago; Q1 2016 diluted EPS of $1.37 versus $1.41 a year ago -- On a U.S. GAAP basis, Q1 2016 operating income of $87.0 million, up from $85.5 million a year ago; Q1 2016 diluted EPS of negative $0.24, which includes a non-cash, one-time tax provision versus $1.22 a year ago -- In Q1 2016, WABCO generated $93.2 million in net cash from operating activities and... More