Accuride Reports First Quarter 2015 Results - aftermarketNews

Accuride Reports First Quarter 2015 Results

Company reports net sales of $183.7 million, up 10.1 percent year-over-year.

Accuride - logoEVANSVILLE, Ind. – Accuride Corp. has reported financial results for the first quarter ended March 31, 2015.

First quarter 2015 net sales from continuing operations were $183.7 million, compared with $166.8 million in the same period in 2014, an increase of 10.1 percent, primarily reflecting the impact of stronger industry conditions in the company’s Wheels and Brillion segments during the quarter.

Accuride’s operating income was $9.3 million for the quarter, as compared to operating income of $6.6 million in the first quarter of 2014. The company reported a net loss of $0.6 million, or 1 cent per share, during the quarter, compared to a net loss of $3.3 million, or 7 cents per share, in 2014.

“Accuride had a strong first quarter,” said Rick Dauch, Accuride’s president and CEO. “Our industry-leading quality, delivery and lead-time performance allowed us to renew and secure new long-term customer agreements at our Wheels and Gunite businesses. We are experiencing near-term headwinds at Brillion due to macro industry conditions.”

Accuride management expects the company’s 2015 net sales to be in the range of $725 million to $775 million.

You May Also Like

ZF Cleans Up Metro Park for Earth Day

ZF said the effort was in line with its dedication to sustainability, zero-waste and circularity.

ZF Cleans up Metro Park

This past weekend, MEMA Aftermarket Suppliers' Cheryl Dry and Brenna McCann joined ZF Group to help clean up Stony Creek Metro Park in Shelby Township, Mich.

The effort was in line with ZF's dedication to sustainability, zero-waste, and circularity—which includes remanufacturing to reduce resource use and enable a second life for many products, the company said.

PRT Launches 30 New Complete Strut Assemblies

The new items represent more than 10 million vehicles in new coverage, PRT said.

Motorcar Parts of America’s Selwyn Joffe on Core Values

Sustainability is embedded in every facet of the company’s operations, Joffe affirmed.

Motorcar Parts of America's Selwyn Joffe on Core Values
Bendix to Consolidate Nevada Operation into Indiana Campus

The company expects no changes to availability going forward and little to no customer impact as the consolidation is completed.

NexaMotion Group Expands Product Offering in Fort Worth, Texas

General repair product lines are now available at Transtar’s branch in Fort Worth, Texas, in addition to transmission and driveline-related products.

Other Posts

GPC Reports Q1 2024 Results, Updates Full-Year Outlook

Sales were $5.8B, a 0.3% increase compared to the same period of the prior year.

Auto Parts 4 Less Reports Substantial Revenue Growth

The company attributes the growth to strategic initiatives and its LiftKits4Less.com platform, which was reactivated five months ago.

Auto Parts 4 Less Group Inc. Announces Growth Strategy
Snap-on Approved for Direct Access to Nissan Secured Gateway Vehicles 

The ability to work with Nissan secure systems is available on Snap-on Wi-Fi enabled products operating the latest software. 

Nissan Secured Gateway Vehicles 
Solero Technologies to Acquire Kendrion’s Automotive Business

The acquisition would expand Solero’s presence with the addition of five European plants located in the Czech Republic, Germany and Romania, as well as one plant in the U.S.

Solero Technologies to Acquire Kendrion's Automotive Business