The Federal-Mogul Group released its third-quarter financial report on October 27. The report shows that Federal-Mogul’s sales and sales profits have achieved strong growth in the third quarter.
Due to increased market share and sales volume, coupled with a very stable currency circulation environment, Federal-Mogul’s sales increased by 12% to US$1.7 billion in the third quarter of this year compared to the same period last year; gross profit increased by 11% to US$263 million (Sales) 15.2%).
In the third quarter of this year, Federal-Mogul’s sales, management, and other expenses were US$172 million (9.9% of sales); net income was US$34 million (US$0.34 per share), compared to adjusted net income of the same period of last year (2 (US$9 million) was a year-on-year increase; EBITDA was US$166 million (9.6% of sales).
In the third quarter, Federal-Mogul’s net sales were US$188 million, which represented an increase of 11% over the same period of the previous year. Sales of the original equipment increased by 19% year-on-year, and sales in the aftermarket business increased by 1% year-on-year. The investment cost for the third quarter was US$105 million. As of the end of the third quarter of this year, Federal-Mogul’s current assets remained at US$1.5 billion.
Due to increased market share and sales volume, coupled with a very stable currency circulation environment, Federal-Mogul’s sales increased by 12% to US$1.7 billion in the third quarter of this year compared to the same period last year; gross profit increased by 11% to US$263 million (Sales) 15.2%).
In the third quarter of this year, Federal-Mogul’s sales, management, and other expenses were US$172 million (9.9% of sales); net income was US$34 million (US$0.34 per share), compared to adjusted net income of the same period of last year (2 (US$9 million) was a year-on-year increase; EBITDA was US$166 million (9.6% of sales).
In the third quarter, Federal-Mogul’s net sales were US$188 million, which represented an increase of 11% over the same period of the previous year. Sales of the original equipment increased by 19% year-on-year, and sales in the aftermarket business increased by 1% year-on-year. The investment cost for the third quarter was US$105 million. As of the end of the third quarter of this year, Federal-Mogul’s current assets remained at US$1.5 billion.
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