WABCO Holdings Inc. (WBC) - NYSE
  • Wed, Jul. 20, 12:00 PM
    | Wed, Jul. 20, 12:00 PM
  • Wed, Jul. 20, 6:51 AM
    • WABCO Holdings (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
    | Wed, Jul. 20, 6:51 AM
  • Tue, Jun. 28, 2:42 PM
    • WABCO (WBC -2%) is downgraded to Neutral from Overweight with a $94 price target, cut from $124, at Piper Jaffray, which says the company has the highest European exposureamong truck suppliers at 55% of 2015 revenue.
    • Investors likely will shun WBC as investors looking to minimize their exposure to Europe over the coming months, the firm says.
    • Piper Jaffray also downgrades Navistar (NAV -0.3%) to Neutral from Overweight with an $11.50 price target, cut from $14; even though Brexit-related risks are low for NAV, investors likely will look for safer options given declining orders in the U.S. truck market.
    • Finally, the firm cuts Meritor (MTOR -9.6%) to Underweight from Neutral with a $6 target, citing the company's 20% of revenues that come from Europe and its 75% debt-to-capital ratio.
    • WBC also is downgraded to Neutral from Buy with a $95 price target at Goldman Sachs, which also cites the company's European truck market exposure in cutting 2017-18 earnings estimates.
    | Tue, Jun. 28, 2:42 PM | 1 Comment
  • Fri, Jun. 24, 12:00 PM
    | Fri, Jun. 24, 12:00 PM
  • Fri, Apr. 22, 6:56 AM
    • WABCO Holdings (NYSE:WBC) reports sales rose 9.7% in local currencies.
    • Adjusted gross profit rate fell 170 bps to 31.4%.
    • SG&A expense rate declined 130 bps to 17.5%.
    • Adjusted operating margin rate dropped 40 bps to 13.9%.
    • FY2016 Guidance: Sales growth: $2.7B to $2.83B (+6% to +11% in local currencies); Adjusted operating margin rate: 13.8% to 14.3%; GAAP operating margin rate: 12.7% to 13.2%; Adjusted net income: $296.8M to $324.8M; GAAP net income: $192.2M to $220.2M; Adjusted EPS: $5.30 to $5.80; Diluted EPS: $3.43 to $3.93; Diluted shares outstanding: ~56M.
    • Q1 results
    | Fri, Apr. 22, 6:56 AM
  • Dec. 9, 2015, 9:53 AM
    • The NHTSA proposes adding new safety categories to its ratings systems with an aim to accelerate technology innovation and integration.
    • Safety features such as forward collision warnings, blind-spot alerts, lane departure information, and rear cameras would be part of the ratings system under the changes.
    • The push from the regulator could help some auto suppliers such as Delphi Automotive (DLPH +1.4%) and Mobileye (MBLY +2.5%), notes the WSJ.
    • Autoliv (ALV +2.1%), WABCO Holdings (WBC +1.5%), Borg Warner (BWA +1.3%), and Meritor (MTOR +1.3%) are all ahead of market averages in early action today, perhaps due to the NHTSA strategy reveal.
    • Related auto stocks GM, F, TM, HMC, OTCPK:NSANY, OTCQX:VLKAY, OTCPK:DDAIF, OTCPK:BAMXY, TSLA, TTM, OTC:HYMLF.
    | Dec. 9, 2015, 9:53 AM | 71 Comments
  • Jul. 24, 2015, 6:58 AM
    • WABCO Holdings (NYSE:WBC) reports sales declined 10.1% in U.S. dollars.
    • Adjusted gross profit rate constant at 31.6%.
    • SG&A expense rate fell 30 bps to 17.9%.
    • Adjusted operating margin rate grew 50 bps to 13.9%.
    • FY2015 Guidance: Sales growth: +6% to +9% in local currencies; Adjusted operating margin rate: 14.0% to 14.5%; GAAP operating margin rate: 12.9% to 13.4%; Adjusted net income: $324.8M to $339.3M; GAAP net income: $283.3M to $297.8M; Adjusted EPS: $5.60 to $5.85; Diluted EPS: $4.89 to $5.14; Diluted shares outstanding: ~58M.
    • Q2 results
    | Jul. 24, 2015, 6:58 AM
  • May 29, 2015, 10:39 AM
    • Automobile industry supplier stocks are tilting lower after WABCO and Modine Manufacturing issued guidance below the expectations of analysts.
    • F/X pressure and some uncertainty in the markets in Brazil and China are weighing on the sector.
    • Decliners: WABCO (NYSE:WBC) -2.9%, Modine Manufacturing (NYSE:MOD) -2.5%, Meritor (NYSE:MTOR) -2.4%, Motorcar Parts of America (NASDAQ:MPAA) -2.3%, Westport Innovations (NASDAQ:WPRT) -2.0%, Federal-Mogul (NASDAQ:FDML) -1.8%, Stoneridge (NYSE:SRI) -1.3%, Lydall (NYSE:LDL) -1.3%, Cooper-Standard Holdings (NYSE:CPS) -1.2%.
    | May 29, 2015, 10:39 AM | 1 Comment
  • Feb. 13, 2015, 7:16 AM
    • WABCO Holdings (NYSE:WBC) reports sales declined 5.7% in U.S. dollars.
    • Adjusted gross profit rate grew 190 bps to 30.8%.
    • Adjusted operating margin rate increased 100 bps to 13.0%.
      FY2015 Guidance: Sales growth: +6% to +11% in local currencies; Adjusted operating margin rate: 14.2% to 15.1%; GAAP operating margin rate: 13.2% to 14.1%; Adjusted net income: $336.4M to $365.4M; GAAP net income: $295.1M to $324.1M; Adjusted EPS: $5.80 to $6.30; Diluted EPS: $5.09 to $5.59; Diluted shares outstanding: ~58M.
    • WBC +0.23% premarket.
    • Q4 results
    | Feb. 13, 2015, 7:16 AM
  • Nov. 5, 2014, 9:59 AM
    • Auto supplier stocks outpace broad market averages in early action after Toyota issues a strong outlook for the fiscal year and Fiat Chrysler Automobiles keeps an aggressive stance on global production goals.
    • Also factoring in are the reports this week on U.S. auto sales which showed strong demand for SUVs and trucks.
    • Gainers: WABCO (NYSE:WBC) +3.0%, Meritor (NYSE:MTOR) +2.5%, Dana Holding (NYSE:DAN) +2.4%, Tenneco (NYSE:TEN) +2.1%, Monro Muffler Brake (NASDAQ:MNRO) +1.5%, Cooper-Standard Holdings (NYSE:CPS) +1.3%.
    | Nov. 5, 2014, 9:59 AM | 1 Comment
  • Jun. 17, 2013, 2:15 PM

    WABCO Holdings (WBC +0.9%) says it's been granted a license by Chinese authorities to re-manufacture air compressors in China for commercial and off-highway vehicles. The company's Reman Solutions is currently re-manufacturing air compressors locally for China National Heavy Truck Corporation and for the independent aftermarket in China, and it hopes to expand to add other products, subject to government approvals.

    | Jun. 17, 2013, 2:15 PM
  • Apr. 9, 2013, 10:02 AM
    Auto parts stocks take a turn higher with news from Fiat and General Motors boding well for manufacturing. Advancers: Remy International (REMY) +2.7%, WABCO Holdings (WBC) +2.4%, Federal-Mogul (FDML) +1.1%, Meritor (MTOR) +1.0%.
    | Apr. 9, 2013, 10:02 AM
  • Dec. 31, 2012, 5:40 PM
    After-hours top gainers, as of 5:15 p.m.: GASX +5.4%. VELT +3.2%. IFGL +2.1%. TRX +2%. VISN +2.0%.
    After-hours top losers: HHC -5.3%. NUS -4.6%. POWR -4.6%. WBC -4.5%. LINTA -3.5%.
    | Dec. 31, 2012, 5:40 PM
  • Feb. 3, 2012, 11:07 AM

    WABCO Holdings (WBC +6.5%) trades up after releasing mixed Q4 results but raising guidance for FQ1. Piper Jaffray upgrades the shares on the report, saying the new guidance range is based on a market-wide contraction of 10%-15% in Europe, and for management to release in-line guidance under those conditions speaks volumes about its confidence in other regions.

    | Feb. 3, 2012, 11:07 AM
  • Dec. 22, 2011, 3:58 PM
    "Tonnage levels continue to point to an economy that is growing, not sliding into a recession," the American Trucking Association says as November data shows truck tonnage rising 6% Y/Y. Shares of truck manufacturer Wabash (WNC +10.1%) jump; truck builder Oshkosh (OSK +2.4%) and parts maker Wabco (WBC +5%) also rally.
    | Dec. 22, 2011, 3:58 PM | 6 Comments
  • Sep. 2, 2011, 11:45 AM

    WABCO (WBC +2.7%) holds on to gains after reiterating FY11 guidance earlier, saying revenue will grow between 22% and 25% and its EPS should range from $4.55 to $4.80, the high-end of the range.

    | Sep. 2, 2011, 11:45 AM
Company Description
WABCO Holdings, Inc. provides electronic, mechanical and mechatronic products for commercial trucks, trailers, buses and passenger cars manufacturers. It also manufactures and sells control systems, including advanced braking, stability, suspension, transmission control and air compressing and... More
Industry: Auto Parts
Country: United States