NORTHVILLE, MI — Hayes Lemmerz International reported sales for the fiscal third quarter ending on October 31, rose 4.8 percent to $556.2 million, compared with $530.9 million in the fiscal third quarter of 2003. Sales for the nine months ending on October 31 were $1,674 million compared with $1,549 million for the nine months ending on October 31, 2003, an increase of 8.1 percent.

The company reported a net loss of $9.5 million, or 25 cents per share, for the third quarter, compared with a loss of $10 million or 33 cents per share in the third quarter of 2003. For the nine months, the company reported a net loss of $22.2 million, or 59 cents per share. Results for the prior year’s period are not comparable because the company emerged from financial reorganization on June 3, 2003.

The company reported a cash balance of $27.8 million as of October 31 and $81.3 million of available liquidity under its $100 million revolving credit facility (net of outstanding letters of credit of $18.7 million). To further enhance liquidity, the company announced on December 10 it completed the establishment of a $75 million receivables securitization program, which was instituted to replace liquidity lost by termination of domestic automakers’ early payment programs. The company expects to begin selling receivables pursuant to the securitization program during the fiscal fourth quarter.

For more information about Hayes Lemmerz International, visit: www.hayes-lemmerz.com.

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