Accuride (ACW) Tops Q3 EPS by 1c

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Go back to Accuride (ACW) Tops Q3 EPS by 1c

Accuride Achieves Profitable Third Quarter and Acquires Advanced Wheel-end Technology

November 2, 2015 8:01 AM EST

Third Quarter 2015 results from continuing operations included: Net sales of $163.4 million, down 11.2 percent year-over-year Adjusted EBITDA of $19.2 million, down 9.5 percent year-over-year Net Income of $0.04 per share compared to $0.02 in 2014 Acquired intellectual property rights to revolutionary lightweight wheel-end technology Reducing revenue and EBITDA guidance to reflect continued softening in Brillions end markets: 2015 net sales expected to be in the range of $675 million to $700 million Adjusted EBITDA expected to be in the range of $80... More