TRW's Q3 profit rises on higher production in North America
DETROIT (Reuters) -- TRW Automotive Holdings Corp. today reported a higher quarterly profit, helped by rising demand for its safety products and improved vehicle production volumes in North America.
The automotive parts supplier's third-quarter net income rose to $163 million, or $1.28 per share, from $158 million, or $1.22 per share, a year earlier. Excluding one-time items, TRW earned $1.24 per share.
Revenue rose to $3.97 billion from $3.92 billion.
TRW, which makes braking systems, seat belts and airbags, said it expects annual sales of $16.2 billion to $16.3 billion, down from its prior forecast of up to $16.4 billion.Contact Automotive News