December 19, 2014 3:18 PM ET

Auto Components

Company Overview of Affinia Group Inc.

Company Overview

Affinia Group Inc. manufactures and distributes filtration products and replacement products. Its filtration products include oil, air, fuel, hydraulic, and other filters for medium and heavy-duty trucks, construction, agriculture, mining, and forestry vehicles, and light duty, industrial, and marine applications. The company also offers replacement products, such as fuel and water pumps, universal joint kits, axle sets, shocks, steering, filtration products, CV joints, brake products, suspension parts, motorcycle parts, electronics, and other aftermarket products for on-road and off-road vehicles. The company markets its products under various brands, including WIX, Raybestos, Filtron, Naka...

1 WIX Way

Gastonia, NC 28053

United States

Founded in 2004

Phone:

704-869-3300

Key Executives for Affinia Group Inc.

Chief Executive Officer
Age: 52
Chief Financial Officer and Senior Vice President
Age: 46
President of Global Brake & Chassis
Age: 52
President of Affinia Group S.A.
Age: 62
President of Global Chassis Group
Age: 58
Compensation as of Fiscal Year 2014.

Affinia Group Inc. Key Developments

Affinia Group Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Affinia Group Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported consolidated sales increased 3.7% over the prior year, and currency adjusted sales increased 8.8%. Consolidated third quarter adjusted EBITDA margins were 13.2%, up 180 basis points from the same quarter last year. The company reported sales were $364 million, an increase of $13 million or 3.7% compared to $351 million in the third quarter of 2013. The improvement in sales was driven by a 6% increase in Filtration segment, which experienced record third quarter reported sales. Overall, excluding the impact of currency, third quarter 2014 sales for Affinia were $382 million, an increase of $31 million or 8.8% over the third quarter of 2013. Third quarter 2014 Adjusted EBITDA was $48 million, an increase of $8 million compared to $40 million in the third quarter of 2013. The increase in adjusted EBITDA was primarily driven by Filtration, which is up 21.1% over the prior year. Consolidated adjusted EBITDA margins increased from 11.4% in the third quarter of '13 to 13.2% in the third quarter of '14, an improvement of 180 basis points. For nine months, the company reported consolidated sales were $1,060,000,000, an increase of $37 million or 3.6% compared to the first 9 months of 2013. The 2014 increase was driven by Filtration segment, which experienced record 9-month reported sales of $732 million, up 8%. Free cash flow was negative $14 million. The company spent $18 million on capital expenditures. At September 30, 2014, net debt was $762 million.

Affinia Group Inc. to Report Q3, 2014 Results on Nov 12, 2014

Affinia Group Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 12, 2014

Affinia Group Inc., Q3 2014 Earnings Call, Nov 13, 2014

Affinia Group Inc., Q3 2014 Earnings Call, Nov 13, 2014

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 22, 2014
Affinia Group Inc., Global Chassis Business
 

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