Last $24.20 USD
Change Today +0.39 / 1.64%
Volume 115.0K
TOWR On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

tower international inc (TOWR) Snapshot

Open
$24.22
Previous Close
$23.81
Day High
$24.43
Day Low
$23.84
52 Week High
07/1/14 - $37.50
52 Week Low
10/16/14 - $20.04
Market Cap
502.2M
Average Volume 10 Days
158.1K
EPS TTM
$3.19
Shares Outstanding
20.8M
EX-Date
--
P/E TM
7.6x
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.

8,700 Employees
Last Reported Date: 03/7/14
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. Presents at 10(th) Annual Lambert, Edwards & Associates SMID-West Investor Conference 2014, Dec-04-2014

Tower International, Inc. Presents at 10(th) Annual Lambert, Edwards & Associates SMID-West Investor Conference 2014, Dec-04-2014 . Venue: The Palmer House Hilton Hotel, 17 East Monroe Street, Chicago, Illinois, United States.

Tower International, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Full Year of Fiscal 2014

Tower International, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company announced revenues of $522,645,000 compared to $495,197,000 for the same period a year ago. Operating income was $16,767,000 compared to $22,464,000 for the same period a year ago. Income before provision for income taxes and equity in loss of joint venture was $15,254,000 compared to $5,847,000 for the same period a year ago. Net income was $12,902,000 compared to $4,216,000 for the same period a year ago. Net income attributable to the company was $11,161,000 or $0.52 per diluted share compared to $3,318,000 or $0.16 per diluted share for the same period a year ago. Adjusted EBITDA was $50,410,000 compared to $48,412,000 for the same period a year ago. Net cash provided by continuing operating activities was $18,984,000 compared to $37,967,000 for the same period a year ago. Cash disbursed for purchases of PP&E was $35,902,000 compared to $17,032,000 for the same period a year ago. Free cash flow used was $16,918,000 compared to free cash flow generated of $20,935,000 for the same period a year ago. Adjusted free cash flow used was $6,986,000 compared to adjusted free cash flow generated of $22,443,000 for the same period a year ago. Diluted adjusted earnings per share (non-GAAP) were $0.73 compared to $0.48 for the same period a year ago. For the nine months, the company announced revenues of $1,647,586,000 compared to $1,585,215,000 for the same period a year ago. Operating income was $69,367,000 compared to $64,227,000 for the same period a year ago. Income before provision for income taxes and equity in loss of joint venture was $53,765,000 compared to loss before provision for income taxes and equity in loss of joint venture of $27,668,000 for the same period a year ago. Net income was $45,130,000 compared to net loss of $36,598,000 for the same period a year ago. Net income attributable to the company was $42,112,000 or $1.97 per diluted share compared to net loss attributable to the company of $3,318,000 or $1.93 per diluted share for the same period a year ago. Adjusted EBITDA was $163,720,000 compared to $162,693,000 for the same period a year ago. Net cash provided by continuing operating activities was $41,737,000 compared to $49,769,000 for the same period a year ago. Cash disbursed for purchases of PP&E was $70,164,000 compared to $47,224,000 for the same period a year ago. Free cash flow used was $14,610,000 compared to free cash flow generated of $2,545,000 for the same period a year ago. Adjusted free cash flow generated was $11,526,000 compared to $12,403,000 for the same period a year ago. Net debt at the end of the period was $388,378,000 compared to $368,910,000 for the same period a year ago. Diluted adjusted earnings per share (non-GAAP) were $2.39 compared to $1.83 for the same period a year ago. The company revised earnings guidance for the full year of fiscal 2014. For the full year 2014, the company is reducing the revenue outlook to $2.175 billion from the prior guidance of $2.20 billion to $2.225 billion, reflecting lower customer production in Europe and Brazil and unfavorable currency translation. Despite these revenue changes, the outlook for adjusted EBITDA, at $217 million, remains within the range of the previous guidance of $217 million to $220 million. Including other anticipated net improvements, the company is raising its forecasts for adjusted earnings per share to $3.10, up 5 cents to 15 cents from prior guidance and adjusted free cash flow to $25 million to $30 million versus prior $25 million guidance. Despite these revenue changes, the company is presently expects sufficient offsetting improvements to the net cost performance to be able to maintain adjusted EBITDA at $217 million, which is within the previously guided range. And at this level of anticipated EBITDA, the company is increasing its guidance for adjusted earnings per share by $0.05 to $0.15 to $3.10. This improvement reflects the favorable country mix of earnings. Adjusted free cash flow also is now forecasted at or above prior guidance.

Tower International, Inc. Presents at Southwest IDEAS Investor Conference 2014, Nov-19-2014 01:10 PM

Tower International, Inc. Presents at Southwest IDEAS Investor Conference 2014, Nov-19-2014 01:10 PM. Venue: Marriott Quorom, 14901 Dallas Parkway, Addison, TX 75254, United States.

 

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Industry Analysis

TOWR

Industry Average

Valuation TOWR Industry Range
Price/Earnings 8.2x
Price/Sales 0.2x
Price/Book 5.1x
Price/Cash Flow 7.8x
TEV/Sales NM Not Meaningful
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