Tower Int'l (TOWR) Tops Q2 EPS by 10c, Reaffirms FY Earnings Outlook

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Go back to Tower Int'l (TOWR) Tops Q2 EPS by 10c, Reaffirms FY Earnings Outlook

Tower International Reports Good Second Quarter and Favorable Outlook

July 26, 2016 8:01 AM EDT

LIVONIA, Mich., July 26, 2016 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading global manufacturer of engineered automotive structural metal components and assemblies, today announced second quarter 2016 results and updated its business outlook through 2017.  (Unless otherwise noted, all information refers to Tower's continuing operations in North America and Europe.)

Revenue for the second quarter was $505 million, up from $450 million in the second quarter of 2015, primarily reflecting organic new-business growth in North America. Net loss from continuing and discontinued operations was $4.8 million or a loss of... More