5/5/2011 12:38:00 PM
NEWS BRIEFS
TRW Reports Revenue and Profit Figures for Q1
TRW Automotive reported sales, including fasteners, rose 15% to $4.1 billion during the opening quarter of 2011, while net earnings climbed 32% to $281 million. Operating income gained 24% to $372 million, and adjusted EBITDA increased 17% to $498 million.
TRW said the increase in sales resulted from the higher level of global vehicle production volumes between the two periods and increasing demand its products.
“TRW’s record first quarter results provide a solid start to 2011 as the Company takes advantage of its strong market position and profitably expands in the high-growth markets of the world,” said CEO John C. Plant.
“We are confident TRW is positioned for long term success given its growth prospects, consistent ability to generate substantial positive cash flow and its expanding portfolio of innovative technologies.” ©2011 GlobalFastenerNews.com
Related Links:
Share: