WABCO CEO Comments on Outlook
BRUSSELS, Belgium, Dec. 13, 2007 -- WABCO Holdings Inc. announced today that its Chief Executive Officer, Jacques Esculier, will confirm that the company will meet or potentially exceed the company's full-year guidance for EPS of $2.85 on a performance basis for 2007 in a presentation beginning at 1:35pm EST today at the Merrill Lynch 2007 Growth Industrials Conference in New York, NY.
Prior guidance was announced on October 24 when Esculier said he expected the company to have full-year net income per diluted share of $1.81 on a GAAP basis and $2.85 on a performance basis, which excludes separation costs, one-time and discrete tax items, and operational streamlining expenses.
Today's presentation will be accessible via live webcast on WABCO's Web site at www.wabco-auto.com. A replay will be available for 14 days. A copy of the presentation will be archived in the investor relations section of the Company's Web site.
About WABCO
WABCO is one of the world's leading providers of electronic braking, stability, suspension and transmission control systems for heavy duty commercial vehicles. Customers include the world's leading commercial truck, trailer and bus manufacturers. Founded in the U.S. in 1869 as Westinghouse Air Brake Company, WABCO was acquired by American Standard in 1968 and spun off in 2007. Headquartered in Brussels, Belgium, WABCO employs more than 7,000 people in 34 offices and production facilities worldwide. In 2006, WABCO's total sales were $2 billion. WABCO is a publicly traded company and is listed on the New York Stock Exchange under the stock symbol WBC. Web site: www.wabco-auto.com.
Forward-Looking Statements
Comments in this news release, particularly those related to earnings guidance, are based on management's good faith expectations and beliefs concerning future developments. Actual results may differ materially from these expectations as a result of many factors. These factors include, but are not limited to, the risks and uncertainties described in the "Risk Factors" section and the "Forward Looking Statements" section of WABCO's Information Statement included in the Form 10 filing made in connection with WABCO's spinoff from American Standard Companies Inc., as well as in the "Management's Discussion and Analysis of Financial Condition and Results of Operations -- Information Concerning Forward Looking Statements" section of WABCO's Form 10-Q Quarterly Report for the Quarter Ended September 30, 2007. WABCO does not undertake any obligation to update such forward-looking statements.
For more information, reporters may contact: Margie Pazikas, +32 (2) 663 9801, margie.pazikas@wabco-auto.com. or Fred Spar, +1 212 521 4813, fred-spar@kekst.com. For more information, investors and financial analysts may contact: Mike Thompson, +32 (2) 663 9854, mike.thompson@wabco-auto.com. Copyright (C) 2007 WABCO Holdings Inc.