- WABCO Holdings (NYSE:NYSE:WBC) reports sales growth of 11.5% in local currencies.
- Adjusted gross margin rate remained constant Y/Y at 31.6%.
- SG&A expense rate dropped 10 bps to 13.5%.
- Adjusted operating margin rate increased 40 bps to 14.2%.
- FY2016 Guidance: Sales growth: $2.78B to $2.86B (+7% to +10% in local currencies); Adjusted operating margin rate: 13.5% to 14%; GAAP operating margin rate: 12.4% to 12.9%; Adjusted net income: $313.6M to $330.4M; GAAP net income: $208.7M to $225.5M; Adjusted EPS: $5.60 to $5.90; Diluted EPS: $3.73 to $4.03; Diluted shares outstanding: ~56M.
- Q2 results