Tower Int'l (TOWR) Tops Q3 EPS by 5c, Revenues In-Line; Boosts FY18 EPS Outlook Above Consensus, Offers FY18 Revenue Outlook Above Consensus

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Go back to Tower Int'l (TOWR) Tops Q3 EPS by 5c, Revenues In-Line; Boosts FY18 EPS Outlook Above Consensus, Offers FY18 Revenue Outlook Above Consensus

Tower International Reports Third Quarter Results and Affirms Earnings and Free Cash Flow Outlook for 2018

October 29, 2018 8:00 AM EDT

LIVONIA, Mich., Oct. 29, 2018 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading global manufacturer of engineered automotive structural metal components and assemblies, today announced third quarter 2018 results and affirmed its earnings and free cash flow outlook for 2018. 

Revenue for the third quarter was $525 million compared with $462 million in the third quarter of 2017 representing a 14 percent increase. Net income was $22.6 million or $1.07 per share increasing from $14.9 million or $0.72 per share in the third quarter last year. As detailed below, this year's third quarter included certain items that, in... More