Year on year Q4 sales were $1.4 billion as against $1.3 billion for 2008.
The company improved financial performance in each consecutive quarter of 2009. Stronger demand coupled with the benefits of restructuring lifted performance to levels approaching those before the automotive downturn.
Federal-Mogul said that about 17% of total revenue was generated outside North America and Europe in Q4 2009. The company is expanding market share, manufacturing capacity and engineering presence in China, India, Brazil and other growth markets.
“The strong and profitable fourth quarter shows the benefits of higher sales combined with significant operational improvements through the year,” said Jose Maria Alapont, president and CEO. “”Our record $251 million cash flow is the result of increased profitability, combined with effective capital management and efficient capital investments.”