accuride corp (ACW) Key Developments
Accuride Corporation Reports Unaudited Preliminary Results for the Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of 2015
Feb 11 15
Accuride Corporation reported unaudited preliminary earnings results for the year ended December 31, 2014. For the year, the company revenue was approximately $705 million, with Adjusted EBITDA of approximately $78 million.
For the year 2015, the company expects revenue to be in the range of $725 million to $775 million, with Adjusted EBITDA to be $85 million to $95 million. The midpoints of the Company's revenue and Adjusted EBITDA ranges represent an increase of 6% and 15%, respectively, compared to the Company's preliminary 2014 results. The Company is basing these expectations for its 2015 guidance on the following projections for North American commercial vehicle production and other key assumptions for the year: Class 8 production levels in the range of 310,000 to 330,000 units, Class 5-7 production levels in the range of 220,000 to 225,000 units, Increase of $2 million to $4 million in R&D and other operating expenses, and Free cash flow of $15 million to $25 million. The company expects foreign exchange to negatively impact net income by approximately $2.0 million in the fourth quarter of 2014.
Accuride Corp. Presents at BB&T Capital Markets 30th Annual Transportation Services Conference, Feb-11-2015 10:40 AM
Feb 3 15
Accuride Corp. Presents at BB&T Capital Markets 30th Annual Transportation Services Conference, Feb-11-2015 10:40 AM. Venue: The Biltmore, 1200 Anastasia Avenue, Coral Gables, FL 33134, United States. Speakers: Gregory Alan Risch, Chief Financial Officer and Senior Vice President, Rick Dauch, President & CEO.
Accuride Re-Affirms Earnings Guidance for the Fiscal 2014
Jan 13 15
Accuride re-affirmed earnings guidance for the fiscal 2014. For the year 2014, the company expects revenue to ranges between $690 million and $700 million, adjusted EBITDA of $75 million to $80 million and in the company’s intention, there are expectations will be slightly positive on free cash flow.
Accuride Corp. Presents at Deutsche Bank 2015 Global Auto Industry Conference, Jan-13-2015 01:35 PM
Dec 10 14
Accuride Corp. Presents at Deutsche Bank 2015 Global Auto Industry Conference, Jan-13-2015 01:35 PM. Venue: MGM Grand Detroit, 1777 Third Street, Detroit, MI 48226, United States. Speakers: Gregory Alan Risch, Chief Financial Officer and Senior Vice President, Todd Taylor, Vice President and Treasurer.
Accuride Reaches New Collective Bargaining Agreement in Rockford, III
Nov 25 14
Accuride Corporation announced that it has successfully reached a new four-year collective bargaining agreement (CBA) with the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW), Local 718, which represents 291 hourly associates at Accuride's facility in Rockford, Ill. The plant produces Gunite-brand brake drums, hubs and other wheel-end components for the North American commercial vehicle industry and is one of the country's oldest continuously-operating manufacturers. The new agreement is retroactive to November 18, 2014 and effective through March 25, 2019. It follows Accuride's recently negotiated and competitive long-term agreements.