EVANSVILLE, Ind. — Accuride Corp. announced its financial results for the second quarter ended June 30, 2010.

"I'm extremely pleased with our second quarter financial results, which not only reflect the uptick in the industry, but also the impact of our cost improvement efforts and, most importantly, of our strong customer relationships."

Net sales in the second quarter of 2010 were $195.6 million compared with $135.2 million in the prior year, an increase of 44.7 percent. The company reported second quarter net income of $6.5 million in 2010 compared to a net loss of $36.1 million in 2009. Current period net income included a pre-tax market-to-market gain of $19.4 million to the company's convertible notes. Adjusted EBITDA in the quarter was $17.2 million versus a loss of $1.6 million in the prior year. Cash and cash equivalents were $52.3 million at quarter end. Free cash flow was negative $3.6 million for the quarter. Free cash flow for the quarter was positive after adjusting for negative $12.6 million related to reorganization items.