Key Developments: Accuride Corp (ACW.N)
5.14USD
1 Aug 2013
$-0.58 (-10.14%)
$5.72
$5.74
$6.09
$4.83
273,790
92,122
$6.88
$2.21
Latest Key Developments (Source: Significant Developments)
Accuride Corp Issues FY 2013 Guidance In Line With Analysts' Estimates-Conference Call
Accuride Corp announced that for fiscal 2013, it expects net sales to be in the range of $800 million to $850 million and adjusted EBITDA to be in the range of $65 million to $75 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $812 million and EBITDA of $73 million for fiscal 2013. Full Article
Accuride Corp Lowers FY 2012 Guidance
Accuride Corp announced that for fiscal 2012, it expects net sales to be in the range of $900 to $925 million, and a fully diluted loss per share (EPS) of between $1.00 and $0.89 and Adjusted EBITDA ranging from $60 to $65 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $949 million and EPS of $(0.38) for fiscal 2012. Full Article
Accuride Corporation Reaffirms FY 2012 Guidance
Accuride Corporation announced that for fiscal 2012, it expects revenue to be in the range of $1-$1.025 billion, adjusted EBITDA to be in the range of $100-$105 million and earnings per share (EPS) in the range of $0.07-$0.15. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $1.021 billion for fiscal 2012. Full Article
Accuride Corporation Announces Chairman To Step Down
Accuride Corporation announced that William M. Lasky, Chairman of Accuride’s Board of Directors, has decided not to stand for re-election at the company’s Annual Meeting of Stockholders scheduled on April 24, 2012. Lasky will continue to serve as Chairman of the Board until his current term expires on that date. Full Article
Accuride Corporation Issues FY 2012 Guidance Below Analysts' Estimates-Conference Call
Accuride Corporation announced that for fiscal 2012, it expects revenue to be in the range of $1-$1.025 billion, adjusted EBITDA to be in the range of $100-$105 million and earnings per share (EPS) in the range of $0.07-$0.15. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $1.035 billion, EBITDA of $117 million and EPS of $0.48 for fiscal 2012. Full Article
Accuride Corporation Declares Dividend Of Preferred Stock Purchase Rights
Accuride Corporation that its Board of Directors has adopted a shareholder rights plan and declared a dividend of one preferred stock purchase right for each outstanding share of Accuride’s common stock. The rights are scheduled to expire on November 9, 2012, unless earlier redeemed or exchanged by the Company or terminated. Full Article
Accuride Corporation Reaffirms FY 2011 Net Sales And Adjusted EBITDA Guidance; Narrows FY 2011 EPS Guidance To A Range Below Analysts' Estimates
Accuride Corporation announced that for fiscal 2011, it continues to expect net sales to be in the range of $950 million to $975 million, adjusted EBITDA to be in the range of $85 million to $90 million and per share loss (EPS) to be in the range of $0.40 to $0.30. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $955 million and EPS of $(0.01) for fiscal 2011. Full Article
Accuride Corporation Announces Resignation Of Chief Financial Officer
Accuride Corporation announced that James H. (Jim) Woodward, Jr., Senior Vice President / Finance and Chief Financial Officer (CFO), has resigned his position to pursue other interests and opportunities. In order to ensure continuity, Accuride Vice President and Chief Accounting Officer Gregory A. Risch will serve as Interim CFO, effective immediately, while the Company conducts a thorough internal and external evaluation process to secure a permanent replacement. Full Article
Accuride Corporation Announces Sale Of Fabco Automotive Subsidiary
Accuride Corporation announced that it has sold its subsidiary Fabco Automotive Corporation (Fabco) to Fabco Holdings Inc., a new company formed and capitalized by Wynnchurch Capital, Ltd. (Wynnchurch) in partnership with Stone River Capital Partners, L.L.C. (SRCP). Full Article

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