TRW Automotive Holdings Corp. (TRW) Tuesday posted lower profit for the first quarter in spite of a rise in sales, largely reflecting a higher mix of lower margin business and planned increases in costs. Adjusted earnings per share were higher than the Street estimate. The company revised up its full-year sales expectations and provided sales view for the second quarter.
For the first quarter, the firm reported net earnings of $173 million, down from $215 million a year ago. On a per share basis earnings for the period totaled $1.29 versus $1.59 last year.
On an adjusted basis, the company posted earnings per share of $1.51 for the three months. Twelve analysts on average polled by Thomson Reuters estimated earnings per share of $1.43 for the quarter. Analyst estimates typically exclude one-time items.
The company clocked revenue of $4.213 billion, up from $4.208 billion a year back. Analysts were looking for revenue of $4.13 billion for the quarter.
Looking forward, the firm said it now sees full-year revenue to range between $16.6 billion and $16.9 billion, higher than prior view of between $16.4 billion and $16.7 billion and second quarter revenue to be approximately $4.3 billion.
Currently the Street is looking for revenue of $16.68 billion for the full-year and $4.2 billion for the coming quarter.
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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.