Profile Jobs (77)

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.

With a dynamic workforce of 8,000 colleagues on four continents, Tower International offers exceptional opportunities for achievement and career growth.

A collaborative spirit and shared vision are foundations for Tower's values-based culture. Our values are demonstrated daily by colleagues throughout the world, providing a positive working environment in a fast-paced, high-energy industry.

Revenue(Q1, 2017)

Market capitalization(2017-08-22)

Company Growth (employees)

Type

Public

HQ

Livonia, US

Founded

1993

Size (employees)

7,900 (est)

Website

towerinternational.com

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

Tower International Office Locations

Tower International has offices in Livonia, Chicago, Meridian, Cologne and in 6 other locations

Livonia, US (HQ)

400e 17672 N Laurel Park Dr

Tower International Data and Metrics

Tower International Financial Metrics

Tower International's revenue was reported to be $497.6 m in Q1, 2017

Summary

USD

Tower International's current market capitalization is $466.1 m.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	2.1 b	2.1 b	2 b	1.9 b
Revenue growth, %		(2%)	(5%)	(2%)
Cost of goods sold	1.9 b	1.8 b	1.7 b	1.7 b
Gross profit	243.5 m	229.2 m	218.5 m	238.4 m
Gross profit Margin, %	12%	11%	11%	12%
General and administrative expense				131.6 m
Operating expense total				131.6 m
EBIT	86.4 m	80.8 m	79 m	101 m
EBIT margin, %	4%	4%	4%	5%
Interest expense	52.1 m	34.8 m	24.3 m	21.6 m
Interest income	1.2 m	534 k	642 k	614 k
Income tax expense	2.1 m	9.3 m
Net Income	(16.1 m)	27.1 m	195.8 m	39.3 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	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
Cost of goods sold	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
Gross profit	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
Gross profit Margin, %	11%	10%	11%	13%	11%	11%	12%	13%	11%
General and administrative expense	31.8 m	34.3 m	31.5 m	31.8 m	32.2 m	33.9 m	32.1 m	31.2 m	29.2 m
Operating expense total	31.8 m	34.3 m	31.5 m	31.8 m	32.2 m	33.9 m	32.1 m	31.2 m	29.2 m
EBIT	27.2 m	16.8 m	23.9 m	25 m	19.5 m	23.1 m	29.1 m	27.7 m	23.5 m
EBIT margin, %	5%	3%	5%	5%	4%	5%	6%	6%	5%
Interest expense	7.4 m	7.4 m	7.9 m	4 m	6.3 m	7.6 m	5 m	5.6 m	453 k
Interest income	385 k	356 k	125 k	101 k	167 k	242 k	40 k	40 k	47 k
Income tax expense	3 m	2.1 m	2.1 m	2.4 m	1.6 m	3.7 m	6 m	4.2 m	6.5 m
Net Income			14.1 m	19.1 m	16.9 m	8.4 m		18.3 m	17.4 m

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	134.9 m	148.6 m	142.6 m	62.8 m
Accounts Receivable				26.8 m
Inventories	81.3 m	69.8 m	70.6 m	71.7 m
Current Assets	525.4 m	638.9 m	535.7 m	518 m
PP&E	549.6 m	451.1 m	473.2 m	465.6 m
Goodwill	67 m	56.7 m	59.3 m	56.4 m
Total Assets	1.2 b	1.2 b	1.2 b	1.2 b
Accounts Payable	262.4 m	257 m	297.7 m	258.1 m
Current Liabilities	431.3 m	461.6 m	436 m	459.7 m
Non-Current Liabilities	614.8 m	621.5 m	572.8 m	488.9 m
Total Liabilities	1 b	1.1 b	1 b	948.6 m
Additional Paid-in Capital	328 m	335.3 m	337.9 m	340.6 m
Retained Earnings	(257.5 m)	(236 m)	(44 m)	(14 m)
Total Equity	136.9 m		206.7 m	213.9 m
Financial Leverage	8.6 x		5.9 x	5.4 x

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	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
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
Current Assets	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
PP&E	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
Goodwill	66.9 m	61.7 m	50.3 m	52.2 m	60.9 m	61.8 m	59.9 m	60.2 m	57.8 m
Total Assets	1.3 b	1.2 b	1.2 b	1.2 b	1.2 b	1.2 b	1.2 b	1.2 b	1.2 b
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
Current Liabilities	531.7 m	478.6 m	478.9 m	478.7 m	500.1 m	483 m	481.5 m	489.9 m	489.9 m
Non-Current Liabilities	621.1 m	607.4 m	590 m	587.6 m	579.7 m	521.4 m	530.7 m	547.3 m	518.9 m
Additional Paid-in Capital	332.6 m	334.2 m	336.2 m	336.8 m	337.3 m	338.4 m	338.9 m	339.5 m	342.1 m
Retained Earnings	(226.5 m)	(215.4 m)	(221.9 m)	(203.3 m)	(187 m)	(37.8 m)	(44.7 m)	(28.7 m)
Total Equity	167.4 m	158.3 m	98 m	118.8 m	123.2 m	219.1 m	210.8 m	209.6 m	236.9 m
Financial Leverage	7.9 x	7.9 x	11.9 x	10 x	9.8 x	5.6 x	5.8 x	5.9 x	5.3 x

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	(16.1 m)	27.1 m	195.8 m	39.3 m
Depreciation and Amortization	2.8 m	1.5 m	249 k	72.5 m
Cash From Operating Activities	20.9 m	13.7 m	(5.9 m)
Interest Paid	47.2 m	26.5 m	20.7 m	18.8 m
Income Taxes Paid	11.2 m	9.9 m	7.7 m	7.6 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income			14.1 m	19.1 m	16.9 m	8.4 m		18.3 m	17.4 m
Depreciation and Amortization	667 k	220 k			249 k	116 k	116 k	112 k	103 k
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

Ratios

Tower International Market Value History

Market Position of Tower International

Competitors

Dana Holding Corporation

Automotive - Public

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Automotive - Public

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Compare competitors

Traffic Overview of Tower International

Tower International Company Life and Culture

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