Wabco’s Third-Quarter Profit Falls

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.