TRW reports Q1 revenues up 5% and net earnings of USD199 mil.

Full-year sales are expected to range between USD17.4 billion and USD17.7 billion

TRW has reported improved results for the first quarter of 2014, with increased revenues and net earnings. Excluding special items, net earnings reached USD215 million, up 20% compared to the first quarter of 2013. TRW attributed the higher sales to increasing demand for TRW's innovative technologies, higher vehicle production volumes, and the positive impact of currency movements between the two periods. The results were partially offset by the negative impact of exiting some businesses within the North American brake component and assembly sector. The company also repurchased 3.9 million shares of stock for USD400 million, which will be completed by the end of the third quarter of 2014.