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September 04, 2015 8:15 PM ET

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Company Overview of Affinia Group Inc.

Company Overview

Affinia Group Inc. designs, manufactures, distributes, and markets filtration products and replacement products in North America, Europe, South America, Asia, and Africa. It offers heavy duty filtration products for diesel, agricultural, industrial, over-the-road, and construction equipment; light duty filters for passenger cars, light trucks, and SUVs; fuel filters for passenger cars, light and heavy duty trucks and buses, and off-highway vehicles; and hydraulic filters for over-the-road, agricultural, and construction vehicles and equipment. The company also provides WIX filters, oil filters, air filters, cabin air filters, and coolant system filters, as well as offers testing and servicin...

1 WIX Way

Gastonia, NC 28053

United States

Founded in 2004

Phone:

704-869-3300

Key Executives for Affinia Group Inc.

Chief Executive Officer, President and President of Global Filtration Group
Age: 53
Chief Financial Officer and Senior Vice President
Age: 47
President of Affinia Group S.A.
Age: 63
President of Global Chassis Group
Age: 59
Senior Vice President, General Counsel and Secretary
Age: 56
Compensation as of Fiscal Year 2015.

Affinia Group Inc. Key Developments

MANN+HUMMEL Reportedly Buys Affinia's Auto Filter Unit

MANN+HUMMEL GMBH is purchasing Affinia Group Inc.'s auto filter unit for $1.3-1.4 billion, a person familiar with the transaction said on August 16, 2015. Mann + Hummel and Affinia were not immediately available for comment outside business hours.

Affinia Group Inc. Announces Earnings Results for the Second Quarter and Six Months of 2015

Affinia Group Inc. announced earnings results for the second quarter and six months of 2015. For the quarter, the company reported total sales of $242 million, down 9% compared to the prior year, while currency adjusted sales declined 1.5%. Sales were negatively affected by the strength of the U.S. dollar. Overall, excluding the impact of currency, second quarter 2015 consolidated sales were $262 million, a 1.5% decrease compared to the prior year. Adjusted EBITDA was $31 million, a decrease of $10 million compared to the second quarter of last year. Excluding the impacts of currency, adjusted EBITDA was $35 million. This decline was largely driven by lower volumes in North American Filtration operations due to the decision last year to terminate relationship with CARQUEST. Net debt at June 30 was $763 million. For the year to date period, sales were $465 million, a decrease of $44 million or 8.6% compared to $509 million in the same period in the prior year. Again, year-to-date results were impacted by the strong U.S. dollar. Overall, excluding the impact of currency, year-to-date 2015 consolidated sales were $515 million, an increase of 1.2% over last year. Adjusted EBITDA on a year-to-date basis was $57 million, a decrease of $12 million compared to the first 6 months of last year. The decrease was primarily driven by unfavorable currency and lower overall volumes in its North American Filtration operations. Excluding the impact of currency, adjusted EBITDA was $69 million or flat compared to last year. The company spent $11 million on capital expenditures in the first half, most of which have been on growth and expansion projects in the Filtration segment.

Affinia Group Inc. to Report Q2, 2015 Results on Aug 05, 2015

Affinia Group Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 05, 2015

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 18, 2015
Affinia Group Inc., Brazilian operations of Affinia South America (ASA) Business
Merger/Acquisition
December 18, 2014
Raybestos Brakes
 

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