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Federal-Mogul Q1 Profit Down - Quick Facts

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.

by RTT Staff Writer

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