TRW has reported third quarter net earnings of US$189m, down 4%, with sales of US$4.2bn, a decrease of 1% compared to the prior year period.
Excluding special items from the TRW’s current and prior year quarterly results, the company recorded third quarter 2014 net earnings of US$205m, an increase of 15%.
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“TRW stakeholders continue to benefit from the company’s strong operational performance,” said TRW chairman and CEO, John Plant.
“The agreement signed with ZF during the third quarter provides significant benefits for our shareholders who will receive full and certain value for their shares, as well as for our employees, customers and communities, all of which will reap the benefits of being part of a larger, more diversified global organisation.”
