Tower International, Inc.
 (TOWR)

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  • Nov. 10, 2015, 11:48 AM
    • Tower International (TOWR +4.5%) says it is exploring the potential sale of its European division, with a decision to sell or retain the business expected in Q1 2016, as it looks to unlock more value for its stockholders.
    • The automotive parts maker says a sale could boost its stock price, strengthen its balance sheet and provide financial flexibility to invest in growth including conducting a stock buyback.
    • TOWR says it expects revenue for North America - which accounted for 52% of total revenues last year - to grow by 9%/year over the next two years to $1.35B in 2017 from $1.14B in 2015, while revenue from Europe is seen reaching $650M in 2015.
    | Nov. 10, 2015, 11:48 AM
  • Jun. 29, 2015, 10:38 AM
    • Select auto supplier stocks are feeling the sharpest pinch in the consumer goods sector from the developments in Greece.
    • Westport Innovations (WPRT -4.6%), Delphi Automotive (DLPH -3.3%), and Tower International (TOWR -1.8%) are all trading weaker than broad averages.
    • Goodyear Tire & Rubber (GT -3.4%) and Cooper Tire & Rubber (CTB -1.8%) are also feeling pressure.
    | Jun. 29, 2015, 10:38 AM | 4 Comments
  • Apr. 10, 2015, 5:36 PM
     
    | Apr. 10, 2015, 5:36 PM
  • Oct. 17, 2014, 5:40 PM
    • Top gainers, as of 5:15 p.m.: REN +16.8%. AR +5.8%. EGY +5.6%. BAS +4.8%. IMGN +4.5%.
    • Top losers, as of 5:15 p.m.: I -9.3%. KBH -6.1%. TOWR -5.7%. NOW -5.2%. IBIO -4.9%.
    | Oct. 17, 2014, 5:40 PM
  • Nov. 1, 2013, 9:13 AM
    | Nov. 1, 2013, 9:13 AM | 1 Comment
  • Jul. 22, 2013, 12:45 PM
    Midday top 10 gainers: BCRX +46%. USU +39%. HIMX +37%. FDML +24%. GRH +23%. RDCM +22%. ALSK +23%. HGSH +20%. PBM +17%. TROV +14%.
    Midday top 10 Losers: OXBT -25%. TOWR -15%. VIMC -11%. AEHR -11%. FMAR -10%. MARPS -9%. DRAM -5%. PTSX -8%. OXGN -8%. CLSN -7%.
    | Jul. 22, 2013, 12:45 PM
  • Jul. 22, 2013, 11:25 AM

    In addition to reporting a Q2 loss and lowering its FY 2013 revenue estimate below consensus, Tower International (TOWR -14.4%) says an affiliate of Cerberus Capital Management is planning to sell 6M of its shares. TOWR will receive no proceeds from the sale.

    | Jul. 22, 2013, 11:25 AM
  • Jul. 2, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: LNCO +7%. EMCI +2%. OSK +2%. GTIV +2%. TOWR +2%.
    After-hours top losers: ENTR -6%. SPPI -3%. AVNR -2%. PCAR -2%. ANV -2%.
    | Jul. 2, 2013, 5:30 PM | 8 Comments
  • May 2, 2013, 12:59 PM
    Midday top 10 gainers: IFT +46%. BBW +32%. STAA +26%. YELP +25%. RTK +19%. NETE +17%. ATTU +17%. OMG +16%. MTSN +15%. TOWR +13%.
    Midday top 10 losers: NBL -72% (split). AVNW -15%. CIG -15%. SMA -15%. DXPE -14%. SAM -12%. LCUT -11%. AZK -10%. GTAT -10%. NEWP -9%.
    | May 2, 2013, 12:59 PM
  • Dec. 28, 2012, 10:51 AM

    Tower International (TOWR +13.4%) jumps higher this morning after saying it's sold its Korean operations for an estimated $47M in cash. The company said the buyer will assume $98 million in net debt averaged over the last 12 months through November, putting the transaction enterprise value at approximately $145M, or 5.8 times projected 2012 adjusted earnings.

    | Dec. 28, 2012, 10:51 AM
  • Dec. 27, 2012, 12:45 PM
    Midday top 10 gainers: BCDS +92%. FSGI +19%. ENPH +15%. RGLS +11%. MNGA +10%. CLNT +9%. OSBC +9%. DECK +8%. BLIN +8%. PZE +7%.
    Midday top 10 Losers: SSE -16%. SPMD -14%. GNI -12%. CIG -12%. CHC -14%. SARA -9%. TOWR -9%. TELK -9%. DQ -8%. AMRS -8%.
    | Dec. 27, 2012, 12:45 PM
  • Jun. 25, 2012, 10:36 AM

    Auto industry suppliers are falling off on concerns production will come in lower for 2012 that originally forecast. China is of special concern, with word out that the government won't provide stimulus to stoke demand. Decliners: DAN -4.7%, FDML -4.6%, AXL -4.4%, TOWR -2.7%.

    | Jun. 25, 2012, 10:36 AM | 1 Comment
Company Description
Tower International Inc is a manufacturer of engineered automotive structural metal components and assemblies. It offers body-structure stampings, frame and other chassis structures, and complex welded assemblies for small and large cars.