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May 29, 2015 7:37 PM ET

Auto Components

Company Overview of TRW Automotive Holdings Corp.

Company Overview

TRW Automotive Holdings Corp., through its subsidiaries, designs, manufactures, and sells automotive systems, modules, and components to automotive original equipment manufacturers (OEMs) and related aftermarkets. The company operates through four segments: Chassis Systems, Occupant Safety Systems, Electronics, and Automotive Components. The Chassis Systems segment designs, manufactures, and sells products and systems relating to braking, steering, modules, and linkage and suspension. The Occupant Safety Systems segment designs, manufactures, and sells products and systems related to airbags, seat belts, and steering wheels. The Electronics segment is involved in the design, manufacture, and...

12001 Tech Center Drive

Livonia, MI 48150

United States

Founded in 1904

66,900 Employees

Phone:

734-855-2600

Key Executives for TRW Automotive Holdings Corp.

Chairman, Chief Executive Officer and President
Age: 60
Chief Financial Officer, Executive Vice President and Treasurer
Age: 50
Chief Operating Officer and Executive Vice President
Age: 45
Executive Vice President, General Counsel and Secretary
Age: 59
Principal Accounting Officer and Controller
Compensation as of Fiscal Year 2014.

TRW Automotive Holdings Corp. Key Developments

TRW Automotive Holdings Corp.(NYSE:TRW) dropped from Russell 1000 Index

TRW Automotive Holdings Corp. will be removed from Russell 1000 Index.

TRW Automotive Holdings Corp.(NYSE:TRW) dropped from Russell 3000 Index

TRW Automotive Holdings Corp. will be removed from Russell 3000 Index.

TRW Automotive Holdings Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 3, 2015; Provides Production and Sales Guidance for 2015

TRW Automotive Holdings Corp. reported unaudited consolidated earnings results for the first quarter ended April 3, 2015. The company reported sales of $4.1 billion against $4.4 billion last year, an increase of 7% compared to the prior year period excluding the effects of currency and divested businesses.  Earnings before income taxes were $521 million against $287 million last year. Net earnings attributable to TRW were $366 million or $3.13 per diluted share against $199 million or $1.68 per diluted share last year. Net cash used in operating activities was $192 million against $183 million last year. Capital expenditures, including other intangible assets were $95 million against $105 million last year. Adjusted EBITDA was $460 million against $437 million last year. Operating income was $534 million against $308 million last year. Adjusted operating income was $354 million against $328 million last year. Adjusted earnings before income taxes were $342 million against $307 million last year. Adjusted net earnings attributable to TRW were $235 million or $2.01 per diluted share against $215 million or $1.81 per diluted share last year. The first quarter 2015 results include a pre-tax gain of $186 million on the previously announced sale of TRW's Engine Valve business to Federal-Mogul Holdings Corporation which closed during the quarter.  Excluding the effects of currency ($379 million) and divested businesses ($191 million), sales increased $270 million or 7% compared to the previous year.  The higher level of sales was driven by increasing demand for TRW's innovative technologies and higher vehicle production volumes. TRW's planning assumptions for industry production volumes in 2015 are approximately 17.4 million units in North America and 20.0 million units in Europe, up 2% and flat, respectively, compared to 2014 levels.  The company continues to expect expansion in vehicle production volumes in China and rest of world regions.  Based on these production levels, the negative impact of lost sales related to divested businesses, primarily the previously announced sale of TRW's Engine Valve business, and the company's expectations for foreign currency exchange rates, full year of 2015 sales are expected to range between $16.2 billion and $16.5 billion.

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