Tower International, Inc. (TOWR) Tops Q2 EPS by 7c, Updates FY Guidance

Tower International, Inc. (NYSE: TOWR) reported Q2 EPS of $1.05, $0.07 better than the analyst estimate of $0.98. Revenue for the quarter came in at $490.3 million versus the consensus estimate of $497.82 million.

Adjusted EBITDA for the quarter was $53.3 million, compared with $55.2 million a year ago.

Tower International, Inc. sees FY2015 revenue of $1.97 billion, versus the consensus of $1.97 billion.

The full year earnings outlook remains the same, with adjusted EBITDA at $190 million and diluted adjusted earnings per share at $3.15. In addition to the above revenue-related factors, up-front expenses for the additional new business award are expected to be offset by further improvements in Europe and North America.

For earnings history and earnings-related data on Tower International, Inc. (TOWR) click here.

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