Tower International Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported a fourth quarter loss attributable to Tower International, Inc. of $3.9 million compared to profit attributable to Tower International, Inc. of $16.9 million a year ago. The company reported it had a loss of 19 cents per diluted share compared to earnings of $0.81 per diluted share a year ago. The company posted revenue of $538.2 million compared to $462.3 million a year ago. Operating income was $34.8 million compared to $20.8 million a year ago. Income before provision for income taxes and income from discontinued operations was $29.1 million compared to $17.9 million a year ago. Loss from continuing operations was $4.16 million compared to income from continuing operations of $14.382 million a year ago. Net cash provided by continuing operating activities was $128.83 million compared to $105.3 million a year ago. Cash disbursed for purchases of property, plant, and equipment, net was $27.47 million compared to $42.77 million a year ago. Adjusted EBITDA was $61.09 million compared to $56.25 million a year ago. Adjusted earnings per share were $1.17, an increase of 15% from the $1.02 reported a year ago.

For the year, the company reported profit attributable to Tower International, Inc. of $47.6 million, or $2.29 per diluted share on revenue of $1.99 billion compared to profit attributable to Tower International, Inc. of $38.6 million, or $1.82 per diluted share on revenue of $1.91 billion a year ago. Operating income was $115.3 million compared to $101.02 million a year ago. Income before provision for income taxes and income from discontinued operations was $101.3 million compared to $73.5 million a year ago. Income from continuing operations was $45.9 million compared to $56.3 million a year ago. Net cash provided by continuing operating activities was $164.74 million compared to $137.7 million a year ago. Cash disbursed for purchases of property, plant, and equipment, net was $104.15 million compared to $116.28 million a year ago. Adjusted EBITDA was $209.74 million compared to $201.72 million a year ago. Net debt was $263.098 million as on December 31, 2017 compared to $327.518 million as on December 31, 2016. Adjusted earnings per share were $3.76 compared to $3.36 reported a year ago.

For the Full year 2018 the company expects revenue growth of 7% to $2.14 billion, reflecting primarily net new business of $125 million and favorable foreign exchange. Adjusted EBITDA of $230 million. Expansion of Adjusted EBITDA Margin to 10.7%. Diluted Adjusted EPS of $4.10 per share, up 9% from 2017 and free Cash Flow of $50 million, with strong free cash flow in the second half of the year more than offsetting the expected cash outflow in the first half of the year.

The company's outlook for first quarter 2018 includes revenue of $550 million, Adjusted EBITDA of $53 million and Diluted Adjusted Earnings Per Share of 80 cents.

For the full year, adjusted earnings per share is projected at $4.10, up 9% from 2017. Revenue is expected to increase 7% or more than $150 million to $2.14 billion. Adjusted EBITDA is projected to increase 11% from $208 million. Adjusted EBITDA margins are expected to improve by about 30 basis points to 10.7%. Capital expenditures are expected to be up $46 million to $150 million for the full year. The company about $50 million of free cash flow.