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Last $24.26 USD
Change Today +0.56 / 2.36%
Volume 85.0K
As of 4:15 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

tower international inc (TOWR) Snapshot

Open
$24.00
Previous Close
$23.70
Day High
$24.27
Day Low
$23.54
52 Week High
09/2/14 - $35.37
52 Week Low
10/16/14 - $20.04
Market Cap
512.1M
Average Volume 10 Days
156.0K
EPS TTM
$2.40
Shares Outstanding
21.1M
EX-Date
--
P/E TM
10.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for TOWER INTERNATIONAL INC (TOWR)

tower international inc (TOWR) Related Businessweek News

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tower international inc (TOWR) Details

Tower International, Inc. manufactures and sells engineered automotive structural metal components and assemblies for the original equipment manufacturers in the Americas and Internationally. It operates through two segments, the Americas and International. The company offers body-structure stampings, frames, and other chassis structures, as well as complex welded assemblies for small and large cars, crossovers, pickups, and sport utility vehicles (SUVs). It also provides body structures and assemblies comprising structural metal components, including body pillars, roof rails, and side sills; and Class A surfaces and assemblies that consist of body sides, hoods, doors, fenders, and pickup truck boxes. In addition, the company offers lower vehicle frames and structures, such as pickup truck and SUV full frames, automotive engine and rear suspension cradles, floor pan components, and cross members; and stamped, formed, and welded suspension components, including control arms, spring and shock towers, shackles, radius arms, and brackets. Further, it provides complex body-in-white assemblies, comprising multiple components and sub-assemblies. The company was formerly known as Tower Automotive, LLC and changed its name to Tower International, Inc. in October 2010. Tower International, Inc. was founded in 1993 and is headquartered in Livonia, Michigan.

7,800 Employees
Last Reported Date: 02/27/15
Founded in 1993

tower international inc (TOWR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $840.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $472.5K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $577.5K
President of Tower Europe
Total Annual Compensation: $502.1K
President of Americas
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2014.

tower international inc (TOWR) Key Developments

Tower International, Inc. Presents at Three Part Advisors, LLC Midwest IDEAS Investor Conference 2015, Aug-26-2015 01:50 PM

Tower International, Inc. Presents at Three Part Advisors, LLC Midwest IDEAS Investor Conference 2015, Aug-26-2015 01:50 PM. Venue: Hard Rock Hotel, 230 N. Michigan Ave., Chicago, IL 60601, United States.

Tower International, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Updates Earnings Guidance for the Full Year 2015

Tower International, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $490,268,000 against $548,467,000 a year ago. Operating income was $25,031,000 against $25,360,000 a year ago. Income from continuing operations was $18,474,000 or $0.84 per diluted share against $15,273,000 or $0.67 per diluted share a year ago. Net income attributable to company was $18,646,000 or $0.87 per diluted share against $16,096,000 or $0.75 per diluted share a year ago. Adjusted EBITDA was $53,272,000 against $55,150,000 a year ago. The decline was more than explained by unfavorable currency translation. Diluted adjusted earnings per share (non-GAAP) was $1.05 against $0.88 a year ago. The quarterly revenue comparison was adversely affected by the timing of customer model changes in North America; Tower North America remains on track for 5% or better growth for full year 2015. Adjusted free cash flow was positive $14 million. Adjusted free cash flow excludes the impact of customer tooling which, was an outflow of $14 million for the quarter. For the six months, the company reported revenue of $986,896,000 against $1,067,730,000 a year ago. Operating income was $48,958,000 against $49,998,000 a year ago. Income from continuing operations was $32,671,000 or $1.50 per diluted share against $29,795,000 or $1.34 per diluted share a year ago. Net income attributable to company was $32,687,000 or $1.53 per diluted share against $30,951,000 or $1.45 per diluted share a year ago. Net cash provided by continuing operating activities was $13,373,000 against $19,286,000 a year ago. Cash disbursed for purchases of property, plant, and equipment, net was $29,448,000 against $28,201,000 a year ago. Adjusted EBITDA was $101,343,000 against $106,774,000 a year ago. Diluted adjusted earnings per share (non-GAAP) was $1.88 against $1.58 a year ago. Net debt (excluding cash attributable to discontinued operations) was $342 million at June 30, an improvement of $45 million from a year ago. Revenue and earnings guidance for full 2015 are largely unchanged, with the main factors expected to be essentially offsetting this year. Revenue is now anticipated to be about $1,970 million, up $20 million from prior guidance, with projected favorable currency translation (including the Euro assumed at $1.10 in the second half) and the Mexican acquisition overcoming significantly lower industry and customer volumes in Brazil. The full year earnings outlook remains the same, with adjusted EBITDA at $190 million and diluted adjusted earnings per share at $3.15. the additional investment required this year to support the new business award, adjusted free cash flow is now projected at about breakeven for the full year, reflecting capital deployment to enhance future growth. Excluding investment for the major new award that is expected to meaningfully benefit revenue beginning next year, adjusted free cash flow would be forecast at $55 million; also including the cash gains realized earlier this year from re-pricing Tower's debt swaps, the outlook for full year 2015 adjusted free cash flow would be about $87 million.

Tower International, Inc. Presents at J.P. Morgan Auto Conference, Aug-11-2015 04:15 PM

Tower International, Inc. Presents at J.P. Morgan Auto Conference, Aug-11-2015 04:15 PM. Venue: J.P. Morgan, 383 Madison Avenue, New York City, New York, United States. Speakers: James C. Gouin, Chief Financial Officer and Executive Vice President.

 

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Industry Analysis

TOWR

Industry Average

Valuation TOWR Industry Range
Price/Earnings 14.7x
Price/Sales 0.3x
Price/Book 8.1x
Price/Cash Flow 21.3x
TEV/Sales NM Not Meaningful
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