Federal-Mogul Corp. (FDML) reported a drop in first-quarter 2012 net income attributable to the company to $32 million or $0.32 per share from $51 million or $0.51 per share a year ago.
However, total sales were $1.8 billion, up 2% versus last year, reflecting 5% growth in constant dollars, partially offset 3% by weakness of international currencies, primarily the euro, against the U.S. dollar. Original equipment sales climbed 8% to $1.2 billion, the highest ever first quarter level.
The company said the quarterly results reflected strong global OE customer sales and stable aftermarket volumes.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.