Last $27.46 USD
Change Today +0.39 / 1.44%
Volume 166.2K
TOWR On Other Exchanges
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As of 8:04 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

tower international inc (TOWR) Snapshot

Open
$27.05
Previous Close
$27.07
Day High
$27.61
Day Low
$26.89
52 Week High
07/1/14 - $37.50
52 Week Low
10/16/14 - $20.04
Market Cap
577.6M
Average Volume 10 Days
175.0K
EPS TTM
$2.32
Shares Outstanding
21.0M
EX-Date
--
P/E TM
11.9x
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 structural metal components and assemblies for the automotive 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, suspension links, track bars, spring and shock towers, shackles, twist axles, radius arms, stabilizer bars, trailing axles, and brackets. Further, it provides body-in-white assemblies comprising front and rear floor pan assemblies, and door/pillar 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: $502.8K
President of Americas
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

tower international inc (TOWR) Key Developments

Tower International, Inc. Reports Un-Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Preliminary Earnings Guidance for the First Quarter and Full Year 2015; Reports Asset Impairment Charges for the Fourth Quarter of 2015

Tower International, Inc. reported un-audited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenue of $502.3 million compared to $408.8 million, operating income of $13.7 million compared to $18.2 million, income before provision for income taxes and equity in loss of joint venture of $0.9 million compared to $10.8 million, loss from continuing operations of $1.3 million or $0.19 per diluted share compared to income from continuing operations of $17.8 million or $0.77 per diluted share, net loss attributable to the company of $20.6 million or $0.99 per diluted share compared to net income attributable to the company of $19.0 million or $0.90 per diluted share for the last year. On non-GAAP basis, the company reported operating loss of $1.9 million compared to operating income of $21.6 million, loss before benefit for income taxes and equity in loss of joint venture of $14.5 million compared to income before benefit for income taxes and equity in loss of joint venture of $14.2 million, loss from continuing operations of $18.0 million compare to income from continuing operations of $21.7 million, net loss attributable to the company of $20.6 million or $0.84 per diluted share compare to net profit attributable to the company of $19.0 million or $0.45 per diluted share, adjusted EBITDA of $55.4 million compared to $49.6 million, the improvement primarily reflected favorable net cost performance, adjusted free cash flow of $22.4 million compared to $23.0 million for the last year. The company reported net cash provided by continuing operating activities of $78.3 million compared to $82.3 million and cash disbursed for purchases of property, plant, and equipment of $36.1 million compared to $39.7 million for the last year. For the year, the company reported revenue of $2,067.8 million compared to $1,966.5 million, operating income of $80.8 million compared to $73.5 million, income before provision for income taxes and equity in loss of joint venture of $46.4 million compared to loss before provision for income taxes and equity in loss of joint venture of $25.6 million, profit from continuing operations of $36.5 million or $1.45 per diluted share compared to loss from continuing operations of $26.3 million or $1.50 per diluted share, net income attributable to the company of $21.5 million or $1.01 per diluted share compared to net loss attributable to the company of $20.3 million or $0.99 per diluted share for the last year. On non-GAAP basis, the company reported operating income of $67.5 million compared to $85.8 million, income before benefit for income taxes and equity in loss of joint venture of $39.2 million compared to loss before benefit for income taxes and equity in loss of joint venture of $13.4 million, income from continuing operations of $27.1 million compare to loss from continuing operations of $16.1 million, net income attributable to the company of $21.5 million or $3.23 per diluted share compare to net loss attributable to the company of $20.3 million or $2.28 per diluted share, adjusted EBITDA of $219.2 million compared to $212.3 million, adjusted free cash flow of $34.1 million compared to $35.4 million for the last year. The company reported net cash provided by continuing operating activities of $112.6 million compared to $127.8 million and cash disbursed for purchases of property, plant, and equipment of $98.4 million compared to $78.0 million for the last year. Net debt as on December 31, 2014 was $363.5 million compared to $368.9 million as on December 31, 2013. The preliminary revenue outlook for 2015 is $2 billion, compared with $2.068 billion in 2014; the projected decline is more than explained by currency translation, including an assumed average value for the Euro of $1.12. At constant exchange rates and excluding the previously disclosed sale of a plant in Italy, this reflects organic revenue growth of 5% in 2015, on top of 6% organic growth (at constant exchange) in 2014. Adjusted EBITDA in 2015 is projected at about $200 million (or about $215 million at 2014 exchange rates), compared with $204 million in 2014. Despite the currency translation headwinds, Tower's anticipated 2015 diluted adjusted earnings per share of $3.10 are up from $3.02 in 2014. At constant exchange, 2015 earnings would be projected at $3.60. Adjusted free cash flow is projected at $60 million in 2015. This would represent about an 11% yield relative to Tower's present stock market value. Capital expenditures are expected to be $80 million or 4% of sales. For the first quarter of 2015, the company expects revenue to be about $510 million, down from $519 million in the first quarter last year, far more than explained by currency translation EBITDA is expected to be about $48 million, down compared to 2014. Adjusted EPS is expected to be $0.60. The company reported asset impairment charges for the quarter of $4.6 million compared to $0.2 million in last year.

Tower International, Inc. to Report Q4, 2014 Results on Feb 12, 2015

Tower International, Inc. announced that they will report Q4, 2014 results at 1:00 PM, US Eastern Standard Time on Feb 12, 2015

Tower International, Inc., Q4 2014 Earnings Call, Feb 12, 2015

Tower International, Inc., Q4 2014 Earnings Call, Feb 12, 2015

 

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Industry Analysis

TOWR

Industry Average

Valuation TOWR Industry Range
Price/Earnings 18.7x
Price/Sales 0.3x
Price/Book 13.0x
Price/Cash Flow 24.4x
TEV/Sales NM Not Meaningful
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