Federal-Mogul Corp. (FDML) announced net loss of $34 million, or $0.34 per share in the first quarter, versus a profit of $32 million, or $0.32 per share last year. For the recent quarter, operational EBITDA dropped to $141 million, from $165 million a year ago.
First-quarter 2013 sales of $1.7 billion, were 2% lower than last year's $1.74 billion, due to lower European light vehicle and reduced global commercial vehicle production, with negligible exchange impact.
On average, 2 analysts polled by Thomson Reuters expected loss per share of $0.30, on $1.74 billion revenue for the quarter. Analysts' estimates typically exclude one-time items.
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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.