Tower International (TOWR) Tops Q3 EPS by 3c

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Go back to Tower International (TOWR) Tops Q3 EPS by 3c

Tower International Reports Solid Third Quarter Results and Re-Affirms Full Year Earnings Outlook and China JV Sales

October 30, 2015 7:30 AM EDT

LIVONIA, Mich., Oct. 30, 2015 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading integrated global manufacturer of engineered automotive structural metal components and assemblies,  today announced third quarter 2015 results, updated its outlook for the full year, and discussed related business developments.   

Revenue for the third quarter was $475 million.  At constant exchange rates, revenue was $516 million, up 4% from $498 million in the third quarter 2014.  Higher sales volumes in North America and Europe were partially offset by lower customer sales in Brazil and China. Adjusted EBITDA for the quarter was... More