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Tower International

OverviewSuggest Edit

Tower International is a leading integrated global manufacturer of engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers.
TypePublic
Founded1993
HQLivonia, MI, USMap
Websitetowerinternational.com
Employee Ratings3.5More
Overall CultureDMore
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Latest Updates

Employees (est.) (Dec 2018)5,700(-25%)
Revenue (FY, 2018)$1.6 B(-20%)
Share Price (Sept 2019)$31
Cybersecurity ratingCMore

Key People/Management at Tower International

James Gouin

James Gouin

CEO
Michael Rajkovic

Michael Rajkovic

COO
Nanette Dudek

Nanette Dudek

Vice President, Legal Affairs and Compliance and Corporate Secretary
Mark Flynn

Mark Flynn

Senior Vice President, Global Human Resources
Jeff Kersten

Jeff Kersten

Executive Vice President and CFO
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Tower International Office Locations

Tower International has offices in Livonia, Auburn, Bardstown, Bellevue and in 14 other locations
Livonia, MI, US (HQ)
17672 N Laurel Park Dr #400e
Auburn, IN, US
801 W 15th St
Bardstown, KY, US
850 Withrow Ct
Bellevue, OH, US
630 Southwest St
Bluffton, OH, US
18717 Co Rd 15
Chicago, IL, US
12350 S Avenue O
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Tower International Financials and Metrics

Tower International Revenue

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Tower International's revenue was reported to be $1.57 b in FY, 2018
USD

Revenue (Q2, 2019)

345.4m

Gross profit (Q2, 2019)

36.5m

Gross profit margin (Q2, 2019), %

10.6%

Net income (Q2, 2019)

5.8m

EBIT (Q2, 2019)

13.5m

Market capitalization (30-Sept-2019)

641.4m

Closing stock price (30-Sept-2019)

31.0

Cash (30-Jun-2019)

155.7m

EV

1.0b
Tower International's current market capitalization is $641.4 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

2.4b2.1b2.1b2.1b2.0b1.9b2.0b1.6b

Revenue growth, %

(2%)(5%)(2%)

Cost of goods sold

2.1b1.9b1.9b1.8b1.7b1.7b1.7b1.4b

Gross profit

256.1m213.6m243.5m229.2m218.5m238.4m244.5m193.9m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

602.7m589.0m617.6m643.9m563.8m534.1m555.9m495.2m548.4m576.6m522.6m496.6m490.3m475.2m511.5m505.1m457.0m497.6m489.9m462.4m563.5m556.0m524.6m378.7m345.4m

Cost of goods sold

544.0m529.3m557.4m568.7m511.6m476.1m486.4m439.2m486.6m512.1m469.9m440.1m427.9m422.4m453.6m443.0m396.8m440.8m428.3m403.6m503.7m491.9m462.9m342.0m309.0m

Gross profit

58.7m59.7m60.1m75.2m52.3m58.1m69.5m56.0m61.8m64.4m52.7m56.5m62.3m52.8m57.9m62.1m60.2m56.8m61.6m58.8m59.8m64.1m61.6m36.8m36.5m

Gross profit Margin, %

10%10%10%12%9%11%12%11%11%11%10%11%13%11%11%12%13%11%13%13%11%12%12%10%11%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

135.0m113.9m134.9m148.6m142.6m62.8m123.7m68.1m

Accounts Receivable

328.0m266.1m255.7m230.4m250.9m26.8m239.3m113.1m

Prepaid Expenses

56.2m96.3m44.9m42.0m71.5m78.5m27.6m

Inventories

85.1m81.3m81.3m69.8m70.6m71.7m78.7m69.4m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

128.0m96.7m134.0m123.4m119.0m111.1m118.2m106.3m185.3m169.2m126.4m130.7m136.0m115.0m74.8m51.8m47.2m27.5m54.8m43.6m65.6m72.1m47.7m197.9m155.7m

Accounts Receivable

372.7m362.3m358.1m372.4m345.5m329.0m332.4m331.9m320.8m332.3m329.3m288.5m274.5m293.4m288.6m256.7m242.3m250.1m253.1m272.7m333.7m293.1m281.0m154.1m140.8m

Prepaid Expenses

70.6m71.8m71.0m64.8m76.6m78.4m85.2m77.3m57.3m53.7m53.1m42.0m67.3m76.1m78.1m93.0m134.1m134.2m136.1m120.5m79.8m59.7m48.2m32.4m44.4m

Inventories

90.7m91.3m101.5m99.6m104.5m87.3m80.5m81.7m89.2m92.2m92.0m72.5m71.5m79.2m76.5m70.6m77.4m75.5m75.0m81.1m86.7m86.4m93.7m64.0m70.6m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

8.1m18.0m(16.1m)27.1m195.8m39.3m47.7m48.9m

Depreciation and Amortization

114.6m92.9m94.8m87.2m79.7m72.5m77.3m54.8m

Inventories

4.8m(58.0k)812.0k2.3m(5.1m)(7.0m)(11.9m)

Accounts Payable

(45.0m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

6.2m1.4m(158.0k)6.7m1.9m2.5m(42.6m)(36.6m)15.3m32.2m45.1m14.1m33.3m50.1m8.4m3.6m21.9m17.4m36.7m51.6m17.3m39.7m62.3m(5.1m)743.0k

Depreciation and Amortization

61.7m89.5m25.7m51.4m78.3m25.2m48.6m70.9m24.7m49.5m72.6m19.9m39.6m59.7m18.5m35.5m53.4m17.8m36.5m54.9m21.5m42.2m62.5m15.4m31.7m

Cash From Operating Activities

6.9m972.0k5.7m22.1m25.8m1.3m11.8m49.8m16.1m22.8m41.7m(6.8m)13.4m38.3m4.0m22.4m32.4m(48.4m)(10.2m)35.9m(16.2m)32.5m75.6m(15.6m)(21.0m)

Purchases of PP&E

(52.6m)(82.9m)(35.9m)(75.5m)(106.6m)(14.6m)(30.2m)(47.2m)(13.9m)(34.3m)(70.2m)(9.6m)(29.4m)(59.8m)(26.1m)(60.9m)(73.5m)(23.9m)(44.2m)(76.7m)(28.9m)(68.6m)(93.8m)(39.6m)(69.9m)
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USDQ2, 2011

Debt/Equity

3.8 x

Debt/Assets

0.4 x

Financial Leverage

9.3 x
Show all financial metrics

Tower International Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Manufacturing Facilities

27 27 27 27 27 27 24 24 23 23 23

Vehicle Models Supplied

170 170 170 170 170 170 140 140 130 130 130
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Tower International Revenue Breakdown

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Tower International revenue breakdown by geographic segment: 66.6% from North America and 33.4% from Europe

Tower International Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

Learn more about our premium products
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Tower International Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Tower International Online and Social Media Presence

Tower International's Trends

Embed Graph

Tower International Company Culture

  • Overall Culture

    D

    58/100

  • CEO Rating

    D

    60/100

  • Compensation

    D

    49/100

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Tower International News and Updates

May 25, 2020

Phoenix Tower International, soutenue par Blackstone, signe un accord avec eir pour acquérir et exploiter des pylônes de télécommunication dans toute l'Irlande

BOCA RATON, Floride et DUBLIN, 26 mai 2020 /PRNewswire/ -- Phoenix Tower International (« Phoenix ») a annoncé aujourd'hui la signature d'un accord avec eir entérinant l'achat de plus de 650 pylônes sans fil ainsi que l'acquisition de nouveaux pylônes sans fil pendant 8 ans à travers...
May 25, 2020

Von Blackstone finanziertes Phoenix Tower International unterzeichnet Vertrag mit eir zum Besitz und Betrieb von Funkmasten in Irland

BOCA RATON, Florida und DUBLIN, 25. Mai 2020 /PRNewswire/ -- Phoenix Tower International („Phoenix") gab heute die Unterzeichnung eines Vertrags mit eir bekannt, der den Kauf von über 650 Funkmasten und den über 8 Jahre verlaufenden Erwerb neu entstehender Funkmasten im Rahmen eines...
September 30, 2019

Autokiniton Completes Acquisition of Tower International

NEW BOSTON, Mich., Sept. 30, 2019 /PRNewswire/ -- Autokiniton US Holdings, Inc. ("AGG") today announced the completion of its acquisition of Tower International, Inc. (NYSE: TOWR) ("Tower"), a leading manufacturer of engineered automotive structural metal components and assemblies, for...
September 06, 2019

Autokiniton US Holdings Extends Cash Tender Offer for All Outstanding Shares of Tower International

NEW BOSTON, Mich., Sept. 6, 2019 /PRNewswire/ -- Autokiniton US Holdings, Inc. ("Parent") today announced that Tiger Merger Sub, Inc. (the "Offeror"), a wholly owned subsidiary of Parent, has extended the offering period of its previously announced cash tender offer to purchase all of the...
July 26, 2019

Lifshitz & Miller LLP Announces Investigation of Anheuser-Busch Companies LLC, Cadence Corporation, CannTrust Holdings, Inc., Carolina Trust BancShares, Inc., Carrizo Oil & Gas, Inc., Netflix, Inc., Sealed Air Corporation, and Tower International, Inc.

NEW YORK, July 26, 2019 /PRNewswire/ -- Anheuser-Busch Companies, LLC (BUD) Lifshitz & Miller announces investigation into possible securities laws violations in connection with Anheuser-Busch's deleveraging efforts, cost-cutting measures, EBITDA growth, the sufficiency of its liquidity...
July 16, 2019

SHAREHOLDER ALERT: WeissLaw LLP Investigates Tower International, Inc.

NEW YORK, July 16, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Tower International, Inc. ("TOWR" or the "Company") (NYSE: TOWR) in connection with the proposed acquisition of the Company by ...
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Tower International Blogs

October 23, 2018

Pink Day

In recognition of National Breast Cancer Awareness Month, Tower colleagues throughout the U.S. participated in Tower’s Pink Day on Oct. 11, by wearing pink and making donations for this great cause. Pictured are Tower colleagues from Shepherdsville, Kentucky. The post Pink Day appeared first on Towe…
July 26, 2018

Food Drive

Our Tower plant in Clinton, MI, recently sponsored a food drive and sponsored a dunk tank at the plant to raise money for Gleaners Community Food Bank. Their 1200+ pounds of donated food and cash donations will provide more than 4000 meals to those in need. The post Food Drive appeared first on Towe…
June 15, 2018

Cereal Wars

As a kickoff to our North America wide food drive campaign, colleagues from our corporate office in Livonia participated in “Cereal Wars”. The three office wings competed to see who could donate the most cereal by weight. This resulted in 6000+ pounds of cereal being donated to a local food bank! Th…

 Tower International Frequently Asked Questions

  • When was Tower International founded?

    Tower International was founded in 1993.

  • Who are Tower International key executives?

    Tower International's key executives are James Gouin, Michael Rajkovic and Nanette Dudek.

  • How many employees does Tower International have?

    Tower International has 5,700 employees.

  • What is Tower International revenue?

    Latest Tower International annual revenue is $1.6 b.

  • What is Tower International revenue per employee?

    Latest Tower International revenue per employee is $275.8 k.

  • Who are Tower International competitors?

    Competitors of Tower International include Accuride, Henniges Automotive and Shiloh Industries.

  • Where is Tower International headquarters?

    Tower International headquarters is located at 17672 N Laurel Park Dr #400e, Livonia.

  • Where are Tower International offices?

    Tower International has offices in Livonia, Auburn, Bardstown, Bellevue and in 14 other locations.

  • How many offices does Tower International have?

    Tower International has 20 offices.