August 25, 2016 11:27 AM ET

Auto Components

Company Overview of Affinia Group Intermediate Holdings Inc.

Company Overview

Affinia Group Intermediate Holdings Inc. designs, manufactures, markets, and distributes industrial grade filtration products and services in North America, Europe, South America, Asia, and Africa. The company offers oil, air, fuel, hydraulic, and other filters for heavy-duty and on-and-off-highway applications, such as on-highway trucks, residential and non-residential construction equipment, severe service vehicles, medium-duty vehicles, and marine applications, as well as for agricultural, energy, mining, forestry, and industrial equipment; and light commercial, passenger vehicle, sport utility vehicle motorcycle, and all-terrain vehicle applications. Affinia Group Intermediate Holdings I...

1 Wix Way

Gastonia, MI 28054

United States

Founded in 2004

4,592 Employees

Phone:

734-827-5400

Key Executives for Affinia Group Intermediate Holdings Inc.

Chief Executive Officer and President
Age: 54
Chief Financial Officer, Senior Vice President and Treasurer
Age: 48
President of Affinia Group - South America
Age: 64
Senior Vice President, General Counsel and Secretary
Age: 60
Senior Vice President of International Operations
Age: 50
Compensation as of Fiscal Year 2016.

Affinia Group Intermediate Holdings Inc. Key Developments

Affinia Group Intermediate Holdings Inc. Announces Management Changes

Affinia Group Intermediate Holdings Inc. announced the Agreement and Plan of Merger, as amended by Affinia Group Holdings Inc. with MANN+HUMMEL Holding GmbH and M+H SUB 2015 INC. In connection with Merger described under Item 5.01 above, James S. McElya, James A. Stern, Joseph A. Onorato, John M. Riess, Donald J. Morrison, and William M. Lasky resigned as directors of the company, effective upon completion of the Merger. Effective immediately upon completion of the Merger, Alfred Weber, Manfred Wolf (Chairman), and Emese Weissenbacher were each elected to the Board of Directors of the Company. Shortly thereafter, Filiz Albrecht was also elected to the Board of Directors of the company.

Affinia Group Intermediate Holdings Inc. announced delayed annual 10-K filing

On 03/30/2016, Affinia Group Intermediate Holdings Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Affinia Group Intermediate Holdings Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and First Nine Months Ended September 30, 2015

Affinia Group Intermediate Holdings Inc. announced unaudited consolidated earnings results for the third quarter and first nine months ended September 30, 2015. For the quarter, the company announced net sales of $238 million compared to $248 million for the same period a year ago. Operating profit was $26 million compared to $33 million for the same period a year ago. Income from continuing operations before income tax provision, and non-controlling interest was $8 million compared to $18 million for the same period a year ago. Net income from continuing operations was $4 million compared to $10 million for the same period a year ago. Net loss was $33 million compared to net income of $23 million for the same period a year ago. Adjusted EBITDA was $30 million compared to $38 million for the same period a year ago. EBITDA was $26 million compared to $37 million for the same period a year ago. Free cash flow was $13 million in the third quarter of 2015, compared to a cash outflow of $9 million in the third quarter of 2014. For the first nine months, the company announced net sales of $682 million compared to $741 million for the same period a year ago. Operating profit was $66 million compared to $86 million for the same period a year ago. Income from continuing operations before income tax provision, and non-controlling interest was $21 million compared to $32 million for the same period a year ago. Net income from continuing operations was $8 million compared to $12 million for the same period a year ago. Net loss was $28 million compared to net income of $57 million for the same period a year ago. Net cash provided by operating activities was $48 million compared to $4 million for the same period a year ago. Additions to property, plant and equipment was $17 million compared to $18 million for the same period a year ago. Adjusted EBITDA was $83 million compared to $103 million for the same period a year ago. The decrease was primarily driven by unfavorable currency and lower overall volumes in North American Filtration operations. Excluding the impacts of currency, adjusted EBITDA was $99 million, down $4 million compared to the prior year. EBITDA was $75 million compared to $89 million for the same period a year ago. At September 30, 2015, net debt was $706 million.

Similar Private Companies By Industry

Company Name Region
31 Incorporated United States
3Point Machine, Inc. United States
A-1 Automotive, Inc. United States
A-FAB Corporation United States
A.J. Rose Manufacturing Co., Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Affinia Group Intermediate Holdings Inc., please visit www.affiniagroup.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.