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