logo
Share SHARE
FONT-SIZE Plus   Neg

Federal-Mogul Q1 Profit Down - Quick Facts

Federal-Mogul Corp. (FDML: Quote) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Uber Technologies Inc., the rapidly growing ride-sharing service, has stumbled upon another problem in Japan. The Japaneses transport ministry has asked Uber to pull the plug on a pilot program in the city of Fukuoka. Last month, Uber started a pilot program in Fukuoka, Japan's sixth-largest city,... Firearms maker Smith & Wesson Holding Corp. (SWHC), Tuesday reported a drop in profit for the third quarter, as revenues and margins declined reflecting lower sales of long guns. However, earnings for the quarter came in ahead of Wall Street estimates as did revenues. Moving ahead, the company boosted... Target Corp (TGT) on Tuesday said it plans $2 billion of cost savings over the next two years, mainly at its corporate headquarters, as the discount retailer strives to boost profit and become a leaner outfit. Reports said that about $500 million of the savings would occur in the current year, and...
comments powered by Disqus
Follow RTT