TRW Automotive Q4 sales up 7%
TRW Automotive Holdings (TRW) has reported sales of $4bn for the fourth quarter ended 31 December 2011, an increase of 7%, compared to $3.7bn for the same period of 2010.
The company posted a gross profit of $451m for the fourth quarter of 2011, compared to $467m for the same period of 2010.
For the quarter the company reported operating income of $280m, compared to $293m for the same period prior year.
Earnings before income taxes were $259m for the fourth quarter of 2011, compared to $253m for the comparable period of 2010.
Net earnings for the quarter was $425m or $3.27 per diluted share, compared to $204m or $1.56 per diluted share in the prior year period.
TRW chairman and CEO John Plant said the company's solid fourth quarter performance sustained the positive momentum established earlier in the year and propelled it to its second consecutive year of record earnings.
"Achieving record sales and net earnings in 2011 despite the fragile and uncertain business environment demonstrates the strong market position of the company," Plant said.
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