DETROIT - Chapter 11-related items were a key factor in the $25.6 million first-quarter loss Federal-Mogul Corp. reported Thursday.
Those items, which include fees for lawyers and advisers, totaled $13.8 million. A $5.7 million restructuring charge and a $4.8 million loss from operations also contributed.
The loss was on sales of $1.3 billion. In the same quarter a year ago, Federal-Mogul posted a $62.2 million loss on sales of $1.5 million.
The supplier of engine components, seals and lighting had lower sales in its original equipment and aftermarket sectors for the first three months of the year. The decline included a significant drop in sales of aftermarket wiper products, because of the warm winter, and a drop in original equipment bearings sales, said Kimberly Welch, company spokeswoman.
Bearings sales of $128 million were down 16 percent, compared with the same quarter last year. A Big 3 bearings supply program that ended in the fourth quarter of last year was largely to blame, Welch said.
She did not quantify the sales decline for wiper products.
Original equipment part sales represented 55 percent of first quarter sales; replacement parts accounted for the rest.
The company did not issue projections for the second quarter or full year.
Federal-Mogul on Oct. 1 filed for Chapter 11 bankruptcy protection because of mounting asbestos liabilities. The Southfield, Mich., supplier had $1.5 billion in North American OEM auto parts sales last year. It ranks No. 25 on the Automotive News list of the top 150 OEM parts suppliers to North America.