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.
