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May 28, 2015 7:29 AM 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: 52
Chief Financial Officer and Senior Vice President
Age: 46
President of Affinia Group S.A.
Age: 62
President of Global Chassis Group
Age: 58
Senior Vice President, General Counsel and Secretary
Age: 55
Compensation as of Fiscal Year 2014.

Affinia Group Inc. Key Developments

Affinia Group Inc. Reports Consolidated Earnings Results for the First Quarter of 2015

Affinia Group Inc. reported consolidated earnings results for the first quarter of 2015. For the period, the company reported consolidated sales were $303 million, down 8.5% compared to the prior year, while currency adjusted sales increased 5.7%. On a currency adjusted basis, sales on Filtration segment were up 4.3%; and sales in ASA segment were up 12.6%, adjusting for the pro forma impact of the shutdown of Venezuelan operations in the second quarter of 2014. Excluding the impacts of currency, consolidated first quarter adjusted EBITDA margins were 11.1%, up 20 basis points from the same quarter last year. Free cash flow improved to $4 million in the first quarter of 2015 compared to a net outflow of $26 million in the prior year. Adjusted EBITDA was $32 million, a decrease of $4 million compared to the first quarter of last year. The decrease was primarily driven by unfavorable currency and lower overall volumes in Filtration, which anticipated based on the previously announced termination of relationship with CARQUEST. The strength of the U.S. dollar adversely impacted adjusted EBITDA by $7 million in the first quarter of 2015 compared to the same period last year. Excluding the impact of currency, adjusted EBITDA was $39 million or 8.3% higher in the first quarter of 2014 with a 20 basis point improvement in margins. The first quarter 2015 EBITDA adjustments of $2 million are comprised of a devaluation charge associated with filtration Venezuelan operations and restructuring expenses as continue to focus on reducing cost structure. The company spent $5 million on capital expenditures in the first quarter, most of which have been on growth and expansion projects in the Filtration segment.

Affinia Group Inc. to Report Q1, 2015 Results on May 13, 2015

Affinia Group Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on May 13, 2015

Affinia Group Inc., Q1 2015 Earnings Call, May 14, 2015

Affinia Group Inc., Q1 2015 Earnings Call, May 14, 2015

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