Tower International plans to launch production in the Czech Republic this year. Tower International plans to produce welded parts for car bodies and undercarriages in Neprevazka, central Bohemia, in cooperation with Czech developer CTP. Next year, CTP is to build another production hall for Tower International. According to Novotny, Tower International will need at least 300 employees in the Czech Republic.

Tower International, Inc. Presents at Three Part Advisors East Coast IDEAS Investor Conference, May-15-2013 02:45 PM. Venue: Metro Meeting Center, 101 Federal Street, 4(th) Floor, Boston, MA 02110, United States. Speakers: Derek Fiebig, Executive Director of Investor and External Relations.

Tower International, Inc. reported un-audited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s revenue was $534.1 million, up 1% from $529.7 million in the first quarter 2012. Lower industry production in Europe was offset by higher Tower revenue in all other regions. Adjusted EBITDA was $52.1 million, a 13% increase from $46.3 million a year ago, reflecting favorable volume and mix, plus net improvements in cost factors such as launch. Net income attributable to the company was $2.5 million or $0.12 per diluted share compared with $0.6 million or $0.03 per diluted share a year ago. This year's first quarter included certain items that adversely impacted results by $4.1 million. Excluding these items and comparable items in the first quarter of 2012, diluted adjusted earnings were 32 cents per share, up 45% from 22 cents a year ago. The company reported operating income of $21.2 million compared to $16.9 million, income before provision for income taxes of $8.0 million compared to $3.5 million, income from continuing operations of $4.5 million or $0.12 per diluted share compared to $1.3 million or $0.01 loss per diluted share, net cash provided by continuing operating activities of $1.3 million compared to $14.1 million, property, plant and equipment, net of $1.3 million compared to $14.1 million and free cash flow of $13.3 million compared to $14.6 million for the last year. Net debt as on March 31, 2013 was $380.4 million compared to $383.0 million as on March 31, 2012. For the full year, the company is increasing its outlook for diluted adjusted earnings per share by 40 cents from the prior mid-point outlook (to $1.65 per share). The outlook for positive free cash flow is increased to $25 million. Revenue is projected at the prior mid-point outlook ($2.125 billion), and the range outlook for adjusted EBITDA is increased to the upper end of the prior outlook (now $205 million to $210 million).

Tower International, Inc. announced that they will report Q1, 2013 results Pre-Market on May 02, 2013

Tower International, Inc., Q1 2013 Earnings Call, May 02, 2013