WABCO HOLDINGS INC. (NYSE:WBC) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition.
On July20, 2017, WABCO Holdings Inc. (the “Company”) issued a press release reporting its results for the quarter ended June30, 2017 and providing certain forward-looking performance estimates for the year ending December31, 2017. The press release, which is attached as Exhibit 99.1, and the information included in Item 2.02 of this Current Report on Form 8-K are incorporated herein by reference. The projections constituting the performance estimates included in the press release involve risks and uncertainties, the outcome of which cannot be foreseen at this time and, therefore, actual results may vary materially from these forecasts. In this regard, see the information included below under the caption “Information Concerning Forward-Looking Statements.”
The information in the press release and this Item 2.02 is “furnished” and not “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. Such information may be incorporated by reference in another filing under the Exchange Act or the Securities Act of 1933, as amended (the “Securities Act”), only if and to the extent such subsequent filing specifically references such information.
The press release contains non-GAAP financial measures. For purposes of Regulation G, a non-GAAP financial measure is a numerical measure of a registrant’s historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of income, balance sheet or statement of cash flows (or equivalent statements) of the issuer; or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. In this regard, GAAP refers to generally accepted accounting principles in the United States. to the requirements of Regulation G, the Company has provided reconciliations of the non-GAAP financial measures to the most comparable GAAP financial measures set forth in the press release on the reconciliation schedules attached to the press release.
Item 2.02 Regulation FD Disclosure.
On July20, 2017, the Company issued a press release reporting its results for the quarter ended June30, 2017 and providing certain forward-looking performance estimates for the year ending December31, 2017. The press release, which is attached as Exhibit 99.1, and the information included in Item 2.02 of this Current Report on Form 8-K are incorporated herein by reference.
The information in the press release and this Item 2.02 is “furnished” and not “filed” for purposes of Section18 of the Exchange Act or otherwise subject to the liabilities of that section. Such information may be incorporated by reference in another filing under the Exchange Act or the Securities Act only if and to the extent such subsequent filing specifically references such information.
Item 2.02 Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are furnished as part of this Current Report on Form 8-K to the extent described in Item 2.02 and Item 2.02.
Exhibit No. |
Description of Document |
99.1 | Press Release dated July 20, 2017 |
INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS
Comments in this Current Report on Form 8-K and in the exhibit attached hereto contain certain forward-looking statements, which 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” and “Information Concerning Forward Looking Statements” sections of the Company’s Annual Report on Form 10-K, as well as in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Information Concerning Forward Looking Statements” sections of the Company’s Quarterly Reports on Form 10-Q. The Company does not undertake any obligation to update such forward-looking statements. All market and industry data are based on Company estimates.
WABCO Holdings Inc. ExhibitEX-99.1 2 d424476dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 WABCO Reports Q2 2017 Results; Continues to Strongly Outperform Global Commercial Vehicle Market; Raises Guidance for 2017 Q2 2017 sales of $795.0 million,…To view the full exhibit click here
About WABCO HOLDINGS INC. (NYSE:WBC)
WABCO Holdings Inc. is a supplier of electronic, mechanical, electro-mechanical and aerodynamic products for various manufacturers. The Company engineers, develops, manufactures and sells systems controlling braking, stability, suspension, transmission automation, as well transmission automation and air management systems for commercial vehicles. It sells its products to truck and bus original equipment manufacturers (OEMs); commercial vehicle aftermarket distributors for replacement parts and services and commercial vehicle fleet operators for management solutions and service; trailer OEMs, and car manufacturers. For passenger cars, including sports utility vehicles (SUVs), the Company supplies products for niche applications. The Company’s products include anti-lock braking systems (ABS), electronic braking systems (EBS), electronic stability control (ESC), brake controls, automated manual transmission systems, air disc brakes and a range of conventional mechanical products.