WestJet reports record net earnings of $91 million, up 33 per cent

YRC Worldwide Reports First Quarter Positive Operating Income for the First Time in Six Years

YRC Worldwide Inc. (YRCW) today reported financial results for the first quarter 2013.

Consolidated operating revenue for the first quarter ending March 31, 2013 was $1.162 billion, 2.7% lower than the $1.194 billion reported in the first quarter of 2012, but consolidated operating income increased from a loss of $48.8 million to income of $9.9 million, or a $58.7 million increase.  Operating income in 2013 included a $4.5 million gain on asset disposals and in 2012 included an $8.3M loss. This is the first time in six years that the company reported consolidated positive first quarter operating income.

Federal-Mogul's Innovative IROX® Bearings Experiencing Significant Market Growth

Since launching IROX^® polymer-coated engine bearings in 2010, Federal-Mogul Corporation`s (FDML) Powertrain Segment has established an industry-leading position with this innovative bearing technology. In less than three years, IROX bearings have launched with four of the largest global OEMs on three continents. IROX is an innovative polymer-coated engine bearing that enables reduced fuel consumption and CO2 emissions. It withstands high mechanical loads in efficient, heavily boosted engines and also addresses the lubrication challenges associated with frequent  re-starts found in stop-start engines. In extreme duty applications, the IROX coating can significantly extend bearing life. IROX has enabled engine manufacturers to meet the needs of start-stop applications in downsized engines, and as a result, Federal-Mogul is experiencing significant demand for this new product.

Fuel Systems Solutions Reports Fourth Quarter and Year End 2012 Results

Fourth Quarter Revenue of $98.0 Million
Full Year 2012 Revenue of $393.9 Million
Records $22.0 million Non-Cash Goodwill and Asset Impairment Charge in Fourth Quarter
Fourth Quarter Net Income, Excluding Charge, of $0.2 Million

Fuel Systems Solutions, Inc. (FSYS) reported results for its fourth quarter and year ended December 31, 2012.

Mariano Costamagna, Fuel Systems' CEO, said, "On an operational basis, Fuel Systems' 2012 results were in line with our revised outlook. We recorded a fourth quarter asset impairment charge primarily to reflect adjustments we made over the past few quarters to our expectations for US Automotive operations and the AFS acquisition.