Federal-Mogul Reports Q4 EPS of $0.45 vs. $0.29

Federal-Mogul Corporation FDML today reported higher sales, gross margin, net income and EBITDA for Q4 and full-year 2010. The company's sales in Q4 increased $180 million to $1.6 billion with growth in all business segments and all markets, led by a 20% OE and 12% U.S. aftermarket sales increase versus Q4 2009. The company's net income in the fourth quarter was $45 million or $0.45 per share, beating analyst consensus estimates. Net income for 2010 was $161 million, a $206 million dollar improvement compared to full-year 2009. Cash flow for 2010 remained strong at $231 million before funding $55 million in pension contributions and the $39 million acquisition of the Daros Group.