Tower Int'l (TOWR) Tops Q2 EPS by 5c; Maintains Outlook

Tower Int'l (NYSE: TOWR) reported Q2 EPS of $0.97, $0.05 better than the analyst estimate of $0.92. Revenue for the quarter came in at $490 million versus the consensus estimate of $495.4 million.

Current outlook for full year revenue of $1.97 billion is expected to be $45 million higher than previous outlook, as higher European steel prices and favorable foreign exchange more than offset modest production decreases on Tower contented vehicles in Europe. The Company is re-affirming its outlook for full year 2017 Adjusted EBITDA of $210 million, Adjusted EPS of $3.60 per share and positive free cash flow of $55 million

For earnings history and earnings-related data on Tower Int'l (TOWR) click here.

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