DETROIT May 5 Auto supplier Tower
International Inc (TOWR.N) reported a first-quarter profit on
Thursday, with the company's revenue boosted by higher vehicle
production as the automotive industry recovers from a massive
The Livonia, Michigan-based company reported a quarterly
net profit of $9 million or 45 cents per share, compared with a
loss of $8.7 million million or 70 cents per share a year
Tower said that excluding one-time items, earnings per
share for the quarter totaled 57 cents.
Revenue in the quarter rose 25 percent to $599 million from
Tower, which makes stamped metal parts for automakers,
emerged from bankruptcy in 2007, when most of its assets were
sold to a unit of private equity firm Cerberus Capital
The company then initiated a cost-cutting program and
returned as a publicly traded company with an initial public
offering last October.