Tower Int'l (TOWR) Tops Q4 EPS by 6c, Offers Outlook

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Go back to Tower Int'l (TOWR) Tops Q4 EPS by 6c, Offers Outlook

Tower International Reports Fourth Quarter Results Better Than Outlook and Outlines Anticipated Above-Industry Growth through 2019

February 14, 2017 8:00 AM EST

LIVONIA, Mich., Feb. 14, 2017 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading integrated global manufacturer of engineered automotive structural metal components and assemblies, today announced fourth quarter 2016 results, provided a preliminary outlook for 2017, and discussed its outlook for revenue growth through 2019.   

Revenue for the fourth quarter was $462.3 million, up 2% from $454.9 million in the fourth quarter 2015.  Net income in the fourth quarter was $16.9 million or $0.81 per diluted share, compared with $145.1 million of $6.76 per diluted share last year.  As detailed below, this year's fourth quarter included certain items... More