Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
4/28/2014 10:30:00 AM Write a Letter to the Editor Write a letter to the Editor

Wabco’s 1Q Net Income Slips; Sales Improve

Wabco Holdings Inc.

Europe-based Wabco Holdings Inc. said its first-quarter net income declined from a year ago on a U.S. basis, although its sales and operating income improved.

Net income on a U.S. basis slipped to $69.4 million or $1.12 per share, from $73.7 million or $1.15, a year ago.

Operating income improved to $84.7 million from $81.7 million on a U.S. basis, and sales rose 13.2% to about $730 million.

Wabco, which has a joint venture with Meritor Inc., reiterated its previous guidance for the full year of 6% to 11% sales growth, and earnings on a U.S. basis of $4.78 to $5.28 per share.

CEO Jacques Esculier said in a conference call that the Class 8 truck market is poised for “double-digit growth this year” as companies begin to address their aging fleets.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics, American Trucking Associations Inc.
Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement