Edition:
India

Tower International Inc (TOWR.N)

TOWR.N on New York Stock Exchange

29.10USD
18 May 2018
Change (% chg)

$-0.20 (-0.68%)
Prev Close
$29.30
Open
$29.45
Day's High
$29.45
Day's Low
$29.00
Volume
7,897
Avg. Vol
26,469
52-wk High
$33.60
52-wk Low
$21.05

Latest Key Developments (Source: Significant Developments)

Tower International says Q3 earnings per share $0.72
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Tower International Inc -:Tower International reports third quarter results and increases outlook for revenue and adjusted earnings per share.Q3 earnings per share $0.72.Q3 revenue $462 million versus I/B/E/S view $451.1 million.Q3 earnings per share view $0.76 -- Thomson Reuters I/B/E/S.Sees FY revenue $1.98 billion.Tower International Inc - ‍company is raising its FY outlook for adjusted earnings per share by 10 cents to $3.70 per share​.Tower International Inc - ‍re-affirming FY outlook for adjusted EBITDA of $210 million and positive free cash flow of $55 million​.FY2017 earnings per share view $3.63 -- Thomson Reuters I/B/E/S.  Full Article

Tower International appoints James C. Gouin president effective Sept. 1, 2016 and as CEO effective Jan. 1, 2017
Friday, 2 Sep 2016 

Tower International Inc : Appointed james c. Gouin president, effective september 1, 2016, and as chief executive officer, effective January 1, 2017 . Appointed Jeffrey Kersten to succeed Gouin as executive vice president and chief financial officer, effective Sept. 1, 2016 . Mark Malcolm will remain as chief executive officer until his previously announced retirement date of December 31, 2016 Source - (http://bit.ly/2bHjwhH) Further company coverage: [TOWR.N ] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Tower International reports Q2 adjusted earnings of $0.81/share
Tuesday, 26 Jul 2016 

Tower International Inc : Q2 adjusted earnings per share $0.81 excluding items . Q2 loss per share $0.23 . Revenue for Q2 was $505 million, up from $450 million in Q2 of 2015 . Company is re-affirming its outlook for full year earnings and free cash flow . Outlook for full year revenue is down slightly for vehicle and company-specific reasons . Full year 2017 earnings per share view $3.55 -- Thomson Reuters I/B/E/S . Second half 2016 adjusted EBITDA is projected to be up more than 20 percent from second half 2015 . Depending on pace of stock buyback program, diluted adjusted earnings per share could exceed $4.00 in 2017 .No evidence experienced of meaningful industry production downturn in North America or adverse fall-out in Europe from Brexit.  Full Article

Tower international board authorizes $100 mln share buyback
Friday, 17 Jun 2016 

Tower International Inc : Tower International Inc says full year earnings and cash flow are presently expected to be consistent with prior guidance . Expects to generate more than enough cash through 2017 from operational free cash flow, sales in Brazil and China to fund repurchase . Presently anticipates that revenue may be slightly lower than prior guidance for Q2 and full year . Earnings are presently expected to exceed Q2 guidance based on favorable calendarization and other factors . Full year earnings and cash flow are presently expected to be consistent with prior guidance .Tower International board authorizes $100 million share buyback.  Full Article

BRIEF-Tower International Reports Q1 Revenue $564 Million

* TOWER INTERNATIONAL REPORTS FIRST QUARTER RESULTS AND AFFIRMS EARNINGS AND FREE CASH FLOW OUTLOOK FOR 2018