Barclays Upgrades WABCO Holdings (WBC) to Overweight
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WABCO Reports Q3 2016 Results; Continues to Solidly Outperform Commercial Vehicle Market Globally; Tightens EPS Guidance for 2016
October 20, 2016 6:30 AM EDTQ3 2016 sales of $675.4 million, up 4.9 percent from a year ago and up 5.2 percent in local currencies Q3 2016 reported operating income of $80.9 million, up from $29.9 million a year ago; and performance Q3 2016 operating income of $88.9 million, up from $81.5 million a year ago Q3 2016 reported operating margin of 12.0 percent, up from 4.6 percent a year ago; and performance Q3 2016 operating margin of 13.2 percent, up from 12.7 percent a year ago In Q3 2016, WABCO continued to strongly convert income into cash, resulting in net cash from operating activities of $80.6 million Q3 2016 reported diluted EPS of $1.76, up from... More
