Tower Int'l (TOWR) Reports In-Line Q2 EPS, Beats on Revenues; Offers FY18 Revenue Outlook Above Consensus
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Tower International Reports Second Quarter Results and Affirms Earnings and Free Cash Flow Outlook for 2018
July 31, 2018 8:00 AM EDTLIVONIA, Mich., July 31, 2018 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading global manufacturer of engineered automotive structural metal components and assemblies, today announced second quarter 2018 results and affirmed its earnings and free cash flow outlook for 2018.Â
Revenue for the second quarter was $556 million compared with $490 million in the second quarter of 2017 representing a 13 percent increase. Net income was $22.4 million or $1.07 per share increasing from $19.2 million or $0.92 per share in the second quarter last year. As detailed below, this year's second quarter included... More