WABCO HLDGS INC
			Symbol			WBC

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

WABCO Reports Q3 2009 Results, Delivers Profit Despite Continued Severe Slump in Industry and 42 Percent Drop in Sales Year on Year

2009-10-28 06:30 ET - News Release

BRUSSELS, BELGIUM -- (MARKET WIRE) -- 10/28/09

WABCO Holdings Inc. (NYSE: WBC), a global technology leader and tier-one supplier to the commercial vehicle industry, today reported that Q3 2009 sales totaled $382.0 million, down 42 percent from prior year and down 38 percent in local currencies due to the unprecedented continued severe slump in global demand for new commercial vehicles.

"All our employees are fully aligned and intensely contributing to support and implement our plan to secure WABCO's success. Thanks to their commitment, even in a commercial vehicle industry that has severely deteriorated for four consecutive quarters, our Q3 2009 results demonstrate WABCO's powerful ability to still achieve a positive operating result and continue to generate a strongly positive free cash flow," said Jacques Esculier, WABCO Chairman and Chief Executive Officer. "Over a year ago, we anticipated market declines and quickly acted to mitigate the global production slump for trucks, buses and trailers. Today, we have successfully resized our organization for a significantly reduced level of market demand without sacrificing our commitment to our strategy of technology leadership, global expansion and excellence in execution."

The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try, click here for a free 30 day trial subscription.