SOUTHFIELD, Mich., Aug. 18 /PRNewswire/ -- Federal-Mogul Corporation (NYSE: FMO) has restated the previously issued 1996, 1995 and 1994 financial statements for certain charges recorded in 1996. The restatement does not affect the company's balance sheet at December 31, 1996. The following summarizes the net effect of the adjustments: ($ Millions) Net Earnings (Loss) As Reported As Restated 1996 $(211.1) $(206.3) 1995 (9.7) (5.8) 1994 63.3 59.7 An Amended 10-K for the year ended December 31, 1996 containing the restated annual and quarterly financial information was filed today with the Securities and Exchange Commission. Headquartered in Southfield, Michigan, Federal-Mogul is a $2 billion global manufacturer and distributor of a broad range of non-discretionary parts primarily for automobiles, light trucks, heavy trucks, and farm and construction vehicles. Visit the company's web site at http://www.federal-mogul.com for more information on Federal-Mogul.
SOURCE Federal-Mogul Corporation