logo
Share SHARE
FONT-SIZE Plus   Neg

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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Chipotle Mexican Grill (CMG) is giving away free food and drinks this September as the restaurant chain still struggles to boost its sales that has been sluggish after outbreaks of E.coli, salmonella and norovirus at its restaurants. The chain is offering free kids meals every Sunday in September... It seems that Colonel Sanders' nephew unknowingly disclosed the secret blend of 11 herbs and spices behind KFC's fried chicken, which the food chain touts as the most heavily-guarder food recipe in the world. However, KFC executives refutes the report and insist that its 11-spice "Original Recipe"... QSR Brands, Malaysia's largest fast food operator, is planning for an initial public offering worth more than $400 million, according to the Wall Street Journal.
comments powered by Disqus
Follow RTT