Federal-Mogul has dramatically turned its 2012 second quarter net income loss of US$59m into net income in the comparable quarter this year of US$56m.

Sales rose US$97m to US$1.8bn, from US$1.7bn in Q2, 2012, while operational EBITDA was US$163m compared to US$157m last year.

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“Federal-Mogul’s second quarter results show the benefit of cost reductions and restructuring actions implemented to eliminate loss-making units and improve overall operating leverage,” said Federal-Mogul co-CEO and Powertrain Segment CEO, Rainer Jueckstock.

“The cash flow in Q2, 2013, is also an important sign of improved working capital stability.  While the results are encouraging, we are continuing to implement restructuring actions to raise capacity utilisation and improve operating performance.”

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