TRW Automotive Holdings (TRW) has reported sales of $3.69bn for the third quarter ended 28 September 2012, an increase of 1%, compared to $3.91bn for the same period of 2011.

The company posted a gross profit of $414m for the third quarter of 2012, compared to $381m for the same period last year.

For the quarter the company reported operating income of $262m, compared to $240m for the same period prior year.

Earnings before income taxes were $244m for the fourth quarter of 2012, compared to $204m for the comparable period of 2011.

Net earnings for the quarter were $163m or $1.28 per diluted share, compared to $158m or $1.22 per diluted share in the prior year period.

TRW chairman and CEO John Plant said that the company's ability to achieve solid operating results, as evidenced by its third quarter results, combined with the previous announcement of a share repurchase program, demonstrate its commitment to delivering long-term value to its shareholders.

"TRW's flexible capital structure and confidence in our ability to deliver positive earnings and cash flow will enable TRW to continue to make necessary investments in our business to support future growth while further improving returns to our shareholders," Plant said.