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Home > Fortune 500 Companies > Trw Inc
Trw Inc
Trw Incorporation is a publicly traded company having a good stock performance result. Trw Inc is a fortune 500 stock listed company trading under TRW.
The company automotive is the leader in automotive safety, producing advanced active systems in braking, steering and suspension and sophisticated occupant safety systems for inflatable restraints, seat belts and steering wheels. With approximately 63,100 employees working in more than 200 locations in every vehicle producing region, TRW is using business initiatives such as Six Sigma to ensure the shipment of top quality components.
TRW Automotive with 2005 sales of 12.6 billion dollars is among the world's ten largest automotive suppliers and is one of the top financial performers in the industry. The company supplies more than 40 major vehicle manufacturers and 250 nameplates and holds leading positions in all of its primary product categories.
The Company reported 2005 sales of 12.6 billion dollars, an increase of 632 million dollars or 5.3 percent compared to prior year sales of 12.0 billion dollars. The increase resulted primarily from higher product volumes despite lower vehicle production at some of their major customers, foreign currency translation and the addition of sales resulting from the acquisition of Dalphimetal, partially offset by price reductions provided to customers.
Full year 2005 net earnings were 204 million dollars or 1.99 dollars per diluted share, which compares to net earnings of 29 million or 0.29 dollars per diluted share in the prior year period. Net earnings in 2005 included the previously discussed one time items related to the reduction to reserves for litigation, the tax law change in Poland and expenses for loss on retirement of debt. In comparison 2004 net earnings included previously mentioned expenses for loss on retirement of debt associated with various debt financing transactions. Full year net earnings excluding the effect of these items from both periods, net of the assumed tax impacts, were 176 million, or 1.72 dollars per diluted share in 2005 compared to 173 million or 1.72 dollars per diluted share in the prior year.
It continues to be at the forefront of developments in vehicle dynamics, driver assist systems, foundation brakes, inflatable restraints, seatbelt technologies and the electronics and software advancements that will enhance the safety, convenience and comfort of tomorrow's vehicles.
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