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TRW Automotive Q2 Sales Increase

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Core prompt: TRW Automotive Holdings (TRW) has reported sales of $4.239bn for the second quarter ended 29 June2012 compared to $4.234bn for the same period of 2011. The company posted a gross p

TRW Automotive Holdings (TRW) has reported sales of $4.239bn for the second quarter ended 29 June2012 compared to $4.234bn for the same period of 2011.

The company posted a gross profit of $476m for the second quarter of 2012, compared to $517m for the same period of 2011.

For the quarter the company reported operating income of $337m, compared to $368m for the same period prior year.

Earnings before income taxes were $319m for the second quarter of 2012, compared to $338m for the comparable period of 2011.

Net earnings for the quarter were $220m or $1.71 per diluted share, compared to $293m or $2.21 per diluted share in the prior year period.

TRW chairman and CEO John Plant said supported by a strong market position and increasing demand for the company's new safety technologies, it continued to move forward in the second quarter despite a notable decline in European vehicle production.

"TRW's solid performance through the first half of 2012 provides a firm foundation for TRW to reach its full year goals," Plant said.

 

 

 
 
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