TRW Automotive Topped Estimates For Q2, Rose 16% YoY
August 04, 2011
TRW Automotive (NYSE:TRW) reported Q2 adjusted EPS of $1.99, better than analyst estimates of $1.71. Revenues for the quarter rose 16% to $4.23 billion, above the consensus estimates of $4.04 billion.TRW expects full year production to total 13.0 million units in North America and 20.0 million units in Europe. Based on these production levels and the Company's expectations for foreign currency exchange rates, full year 2011 sales are now expected to range between $16.2 billion and $16.4 billion, with third quarter sales expected to be approximately $3.9 billion.John C. Plant, Chairman and Chief Executive Officer said, "TRW's record results for the second quarter and first six months of 2011 have been driven by the Company's strong market position and focus on profitably growing the business. The Company's outstanding business performance and cash generation achieved in the first half of this year not only provides a solid foundation for the remainder of this year, it also supports key growth initiatives that will further position TRW for long-term success."