Active and passive safety systems specialist TRW Automotive Holdings has reconfirmed its guidance for 2007, which calls for sales in the range of $US13.4 to $13.8 bn (including first quarter sales of approximately $3.5bn) and full year net earnings per diluted share in the range of $1.85 to $2.15.
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The guidance reflects estimated pre-tax restructuring expenses of approximately $40m (including approximately $10m in the first quarter) and tax of about 42%.
Capital expenditures in 2007 are expected to be approximately 4% of sales.
