Wabco Reports Profit in 1Q

Wabco Holdings said Wednesday it earned a profit of $30.7 million, or 47 cents a share in the first quarter, compared with a loss of $36.4 million, or 57 cents, a year ago.

Wabco Vehicle Control Systems makes electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles.

“The commercial vehicle industry is recovering and, as we expected, global market conditions are evolving differently by region,” said Chief Executive Officer Jacques Esculier.

Sales jumped 47.1% to $491.1 million, up from $333.9 million a year ago.