Tower Int'l (TOWR) Tops Q2 EPS by 5c; Maintains Outlook
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Tower International Reports Second Quarter Results and Maintains Full-Year 2017 Outlook for Earnings and Free Cash Flow
July 26, 2017 8:00 AM EDTLIVONIA, Mich., July 26, 2017 /PRNewswire/ --Â Tower International, Inc. (NYSE: TOWR), a leading global manufacturer of engineered automotive structural metal components and assemblies, today announced second quarter 2017 results and updated its business outlook through 2017.Â
Revenue for the second quarter was $490 million compared with $505 million in the second quarter of 2016. Net income was $19.2 million or 92 cents per diluted share, compared with net loss of $4.8 million or 23 cents per share in the second quarter last year, which included non-cash impairments related to discontinued operations. As detailed below, this year's second... More