EVANSVILLE, 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.