2/17/2011 12:40:00 PM
NEWS BRIEFS
TRW Automotive Sales & Earnings Jump

TRW Automotive sales, including fasteners, rose 24% to $14.4 billion. Strong revenue growth combined with the company’s low cost structure resulted in record 2010 GAAP net earnings of $834 million .

Fourth quarter sales grew 10% to $3.7 billion, with net earnings gaining 44% to $204 million.

“TRW’s solid fourth quarter performance built on the positive momentum established earlier in the year and enabled the Company to post its best full year results since becoming an independent Company,” said CEO John Plant.

“TRW ended the year with a significantly improved capital structure including a record low net debt level and strong performance on reducing the Company’s legacy liabilities. The outstanding business performance achieved in 2010 demonstrates TRW is executing the right strategy for long-term success.” ©2011 GlobalFastenerNews.com

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Related Links:

• TRW