Tower Int'l (TOWR) Misses Q4 EPS by 40c, Revenues Miss; Offers FY19 EPS/Revenue Guidance Below Consensus, Provides FY20 Revenues Outlook

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Go back to Tower Int'l (TOWR) Misses Q4 EPS by 40c, Revenues Miss; Offers FY19 EPS/Revenue Guidance Below Consensus, Provides FY20 Revenues Outlook

Tower International Reports 2018 Financial Results in-line with Outlook and Provides Outlook through 2020

February 12, 2019 8:00 AM EST

LIVONIA, Mich., Feb. 12, 2019 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading manufacturer of engineered automotive structural metal components and assemblies, today announced fourth quarter and full year 2018 results and provided its business outlook through 2020. 

During the fourth quarter 2018, Tower reached a definitive agreement to divest its European operations.  As such, these operations are classified as discontinued operations.  Additionally, the Company has decided to retain its operations in Brazil; accordingly, the results for the Company's Brazilian operations are now included in continuing operations.  The divestiture of Tower Europe... More