Tower International Projects 2019 To Be Transition Year; Issues 2020 Outlook

Tower International, Inc. (TOWR) announced, for full year 2019, the company expects: revenue of $1.65 billion, reflecting primarily net new business of $175 million, offset partially by adverse program mix of $90 million; adjusted EBITDA of $175 million; and an adjusted EPS of $2.50 per share which is adversely impacted by the adoption of ASC 842 and a higher tax […]

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