Tower International

Automotive Manufacturing & Industrial auto parts engineering components

Tower International is a leading integrated global manufacturer of engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers.

Revenue(FY, 2017)

$2 B

Market capitalization(2018-04-18)

$624.9 M

Type

Public

Livonia, US

Founded

1993

Size (employees)

7,900 (est)

Website

towerinternational.com

Tower International was founded in 1993 and is headquartered in Livonia, US

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Tower International Office Locations

Tower International has an office in Charter Twp of Clinton, Bardstown, Zwickau, Köln and in 15 other locations

Livonia, US (HQ)

400e 17672 N Laurel Park Dr

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Tower International Financials and Metrics

Tower International Financials

Tower International's revenue was reported to be $1.99 b in FY, 2017

Summary

USD
Revenue (FY, 2017)	2 b
Gross profit (FY, 2017)	244.5 m
Gross profit margin (FY, 2017), %	12.3%
Net income (FY, 2017)	47.7 m
EBIT (FY, 2017)	115.3 m
Market capitalization (18-Apr-2018)	624.9 m
Cash (31-Dec-2017)	123.7 m

Tower International's current market capitalization is $624.9 m.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	2.1 b	2.1 b	2 b	1.9 b	2 b
Revenue growth, %		(2%)	(5%)	(2%)
Cost of goods sold	1.9 b	1.8 b	1.7 b	1.7 b	1.7 b
Gross profit	243.5 m	229.2 m	218.5 m	238.4 m	244.5 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Revenue	495.2 m	548.4 m	576.6 m	522.6 m	496.6 m	490.3 m	475.2 m	511.5 m	505.1 m	457 m	497.6 m	489.9 m	462.4 m
Cost of goods sold	439.2 m	486.6 m	512.1 m	469.9 m	440.1 m	427.9 m	422.4 m	453.6 m	443 m	396.8 m	440.8 m	428.3 m	403.6 m
Gross profit	56 m	61.8 m	64.4 m	52.7 m	56.5 m	62.3 m	52.8 m	57.9 m	62.1 m	60.2 m	56.8 m	61.6 m	58.8 m
Gross profit Margin, %	11%	11%	11%	10%	11%	13%	11%	11%	12%	13%	11%	13%	13%

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	134.9 m	148.6 m	142.6 m	62.8 m	123.7 m
Accounts Receivable				26.8 m
Inventories	81.3 m	69.8 m	70.6 m	71.7 m	78.7 m
Current Assets	525.4 m	638.9 m	535.7 m	518 m	564.5 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Cash	106.3 m	185.3 m	169.2 m	126.4 m	130.7 m	136 m	115 m	74.8 m	51.8 m	47.2 m	27.5 m	54.8 m	43.6 m
Inventories	81.7 m	89.2 m	92.2 m	92 m	72.5 m	71.5 m	79.2 m	76.5 m	70.6 m	77.4 m	75.5 m	75 m	81.1 m
Current Assets	605.1 m	661.3 m	656 m	609.3 m	672.7 m	684.4 m	684.2 m	518 m	574.5 m	605.5 m	587.5 m	561.7 m	563 m
PP&E	529.2 m	547.8 m	559.2 m	536 m	412.3 m	426.3 m	435.6 m	495.2 m	461.5 m	452.5 m	472.5 m	495.8 m	514.1 m

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	(16.1 m)	27.1 m	195.8 m	39.3 m	47.7 m
Depreciation and Amortization	2.8 m	1.5 m	249 k	72.5 m	77.3 m
Inventories
Accounts Payable

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Net Income	15.3 m			14.1 m	33.3 m	50.1 m	8.4 m	3.6 m	21.9 m	17.4 m	36.7 m	51.6 m
Depreciation and Amortization		667 k	220 k		39.6 m	59.7 m	18.5 m	35.5 m	53.4 m	17.8 m	36.5 m	54.9 m
Inventories		92.2 m	92 m	72.5 m	71.5 m	79.2 m	76.5 m	70.6 m	77.4 m	75.5 m
Accounts Payable		335 m	306.7 m	266.9 m	286.6 m	305.4 m	314.5 m	296.7 m	292.2 m	280.1 m