Wabco Holdings said Wednesday its net income in the third quarter fell to $33.8 million, or 52 cents a share, from $63.7 million, or 97 cents, a year ago.
Wabco Vehicle Control Systems makes electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles.
“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 Chief Executive Officer Jacques Esculier.
Excluding charges, the company earned 19 cents per share.
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