Wabco Holdings Inc. Provides Production and Earnings Guidance for the Second Half of 2018; Revised Earnings Guidance for the Full Year 2018
As a result of these economic and political conditions, WABCO expects to end in the lower half of its previously issued EPS guidance for the full year 2018. WABCO estimates the impact to the second half of 2018 reported and performance EPS to be approximately $0.20, spread evenly over the third and fourth quarters. The company will partially mitigate the effect of these market factors through cost management activities. Additionally, WABCO anticipates product engineering expenses will be more concentrated in the third quarter resulting in up to a $0.10 reported and performance EPS headwind with no impact to the full year outlook.