Wabco Holdings (WBC) Tops Q2 EPS by 7c; Raises Outlook
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WABCO Reports Q2 2017 Results; Continues to Strongly Outperform Global Commercial Vehicle Market; Raises Guidance for 2017
July 20, 2017 6:45 AM EDTQ2 2017 sales of $795.0 million, up 8.6 percent from a year ago and up 10.4 percent in local currenciesQ2 2017 reported operating margin of 13.6 percent versus 14.2 percent a year ago; performance Q2 2017 operating margin of 14.7 percent versus 15.0 percent a year ago. Q2 2017 operating margin adversely affected by 0.5 percent of transactional foreign exchange impacts.In Q2 2017, WABCO continued to strongly convert income into cash, resulting in net cash from operating activities of $88.2 million Q2 2017 reported diluted EPS of $1.61, up from $1.33 a year ago; performance Q2 2017 diluted EPS of $1.69, up from $1.43 a year ago Raises sales guidance for full year 2017... More
