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Tower International Inc (TOWR.N)

TOWR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Tower International enter into fourth amended revolving credit facility agreement
Friday, 10 Mar 2017 04:54pm EST 

Tower International Inc : Tower International Inc - on March 7, Tower International, Inc entered into a fourth amended and restated revolving credit and guaranty agreement . Tower International - amended revolving credit facility agreement provides a cash flow revolving credit facility in amount of up to $200 million .Tower International Inc - expiration date for amended revolving credit facility is March 7, 2022.  Full Article

Tower International Q4 adjusted earnings per share $1.02
Tuesday, 14 Feb 2017 08:00am EST 

Tower International Inc : Tower International reports fourth quarter results better than outlook and outlines anticipated above-industry growth through 2019 . Q4 adjusted earnings per share $1.02 excluding items . Q4 earnings per share $0.81 . Q4 revenue $462.3 million versus I/B/E/S view $465.2 million . Q4 earnings per share view $0.96 -- Thomson Reuters I/B/E/S . Tower International Inc - Company's outlook for Q1 2017 includes revenue of $480 million . Sees Q1 2017 adjusted earnings per share $0.60 .Tower International Inc sees FY 2017 revenue growth of 1 percent to $1.925 billion.  Full Article

Tower International appoints James C. Gouin president effective Sept. 1, 2016 and as CEO effective Jan. 1, 2017
Thursday, 1 Sep 2016 03:32pm EDT 

Tower International Inc : Appointed james c. Gouin president, effective september 1, 2016, and as chief executive officer, effective January 1, 2017 . Appointed Jeffrey Kersten to succeed Gouin as executive vice president and chief financial officer, effective Sept. 1, 2016 . Mark Malcolm will remain as chief executive officer until his previously announced retirement date of December 31, 2016 Source - (http://bit.ly/2bHjwhH) Further company coverage: [TOWR.N ] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Tower International reports Q2 adjusted earnings of $0.81/share
Tuesday, 26 Jul 2016 08:00am EDT 

Tower International Inc : Q2 adjusted earnings per share $0.81 excluding items . Q2 loss per share $0.23 . Revenue for Q2 was $505 million, up from $450 million in Q2 of 2015 . Company is re-affirming its outlook for full year earnings and free cash flow . Outlook for full year revenue is down slightly for vehicle and company-specific reasons . Full year 2017 earnings per share view $3.55 -- Thomson Reuters I/B/E/S . Second half 2016 adjusted EBITDA is projected to be up more than 20 percent from second half 2015 . Depending on pace of stock buyback program, diluted adjusted earnings per share could exceed $4.00 in 2017 .No evidence experienced of meaningful industry production downturn in North America or adverse fall-out in Europe from Brexit.  Full Article

Tower international board authorizes $100 mln share buyback
Friday, 17 Jun 2016 09:00am EDT 

Tower International Inc : Tower International Inc says full year earnings and cash flow are presently expected to be consistent with prior guidance . Expects to generate more than enough cash through 2017 from operational free cash flow, sales in Brazil and China to fund repurchase . Presently anticipates that revenue may be slightly lower than prior guidance for Q2 and full year . Earnings are presently expected to exceed Q2 guidance based on favorable calendarization and other factors . Full year earnings and cash flow are presently expected to be consistent with prior guidance .Tower International board authorizes $100 million share buyback.  Full Article

Tower International Inc reaffirms FY 2015 earnings guidance and lowers FY 2015 revenue guidance
Friday, 30 Oct 2015 07:00am EDT 

Tower International Inc:Lowers FY 2015 revenue guidance by $20 million, to $1.950 billion.Reaffirms FY 2015 EPS guidance at $3.15.Reaffirms FY 2015 adjusted EBITDA $190 million.  Full Article

Tower International Initiates Quarterly Dividend
Friday, 16 Oct 2015 12:40pm EDT 

Tower International, Inc:declared a regular quarterly cash dividend of $0.10 per share on the Company's common stock.payable December 10, 2015 to shareholders of record on November 10, 2015.  Full Article

Tower Internationa Inc revises prior FY 2015 guidance
Thursday, 7 May 2015 07:00am EDT 

Tower Internationa Inc:Says that for FY 2015 it is lowering its revenue guidance by $50 million to $1.95 billion.Says adjusted EBITDA is now projected at $190 million, down $10 million from prior guidance for FY 2015.Says outlook for FY 2015 diluted adjusted earnings per share is being increased by 5 cents, to $3.15.Says Tower is now projecting annual compound organic revenue growth of 6 pct. - 8 pct.  Full Article

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BRIEF-Tower International enter into fourth amended revolving credit facility agreement

* Tower International Inc - on March 7, Tower International, Inc entered into a fourth amended and restated revolving credit and guaranty agreement