Tower international, inc. (TOWR)
Income statement / Quarterly
Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues (Note 3)

345,446

378,738

244,125

524,566

395,929

407,233

-67,413

462,372

489,925

497,590

-132,321

457,042

505,131

489,194

407,757

442,190

449,528

496,628

272,598

497,722

548,467

519,263

381,277

495,197

555,878

534,140

349,033

492,127

554,952

529,691

262,364

588,991

602,718

599,635

474,640

501,682

Cost of sales

308,971

341,971

210,858

462,941

345,107

359,049

-81,118

404,332

428,807

441,290

-126,986

396,806

442,989

432,105

360,510

388,989

388,594

440,138

232,921

444,785

486,118

458,474

334,463

439,222

486,411

476,080

333,039

438,799

484,489

473,194

248,459

529,335

544,019

530,065

429,762

446,144

Gross profit

36,475

36,767

33,267

61,625

50,822

48,184

13,705

58,040

61,118

56,300

-5,335

60,236

62,142

57,089

47,247

53,201

60,934

56,490

39,677

52,937

62,349

60,789

46,814

55,975

69,467

58,060

15,994

53,328

70,463

56,497

13,905

59,656

58,699

69,570

44,878

55,538

Selling, general, and administrative expenses

17,584

25,186

13,301

29,954

22,927

23,345

-143

29,667

29,007

29,225

5,933

31,223

32,050

32,852

31,757

30,869

30,301

31,532

23,640

34,223

31,606

34,105

34,569

31,290

33,575

33,370

31,934

32,254

32,546

36,451

32,360

42,106

39,365

37,722

38,127

31,940

Amortization expense (Note 7)

109

109

105

110

108

112

110

117

113

103

105

112

116

116

0

249

0

0

-377

220

667

657

659

646

656

832

1,140

1,120

1,142

1,177

1,191

1,244

1,262

892

844

831

Restructuring and asset impairment charges, net (Note 8)

5,329

123

1,845

491

-199

1,243

719

1,131

3,337

3,911

18,131

1,196

840

746

738

784

5,266

1,031

3,914

1,392

4,716

1,389

2,292

1,575

14,651

2,680

2,785

3,186

2,833

1,934

514

494

1,169

483

321

579

Operating income

13,453

11,349

18,016

31,070

27,986

23,484

13,019

27,125

28,661

23,061

-29,504

27,705

29,136

23,375

14,752

21,299

25,367

23,927

12,500

17,102

25,360

24,638

9,294

22,464

20,585

21,178

-19,865

16,768

33,942

16,935

-20,160

15,812

16,903

30,473

5,586

22,188

Interest expense

5,636

5,640

4,225

6,048

4,907

4,676

2,949

5,673

1,807

453

92

5,598

4,987

7,582

5,894

6,223

3,880

7,850

9,267

7,325

7,337

7,168

7,030

9,410

21,537

13,428

13,942

13,530

13,955

13,764

8,656

17,021

16,061

12,518

20,600

14,035

Interest income

1,046

609

407

93

233

325

941

64

86

47

989

40

40

28

-9

6

3

125

-284

131

133

132

-159

283

341

274

-262

358

179

294

-30

340

176

263

291

380

Net periodic benefit income (Note 13)

31

31

-

558

559

558

-

713

479

479

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (Note 19)

-

4,540

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

-

-

-

-

-977

-

0

0

0

575

-1,727

12,962

-2,905

-3,576

-

-

0

0

0

0

0

-87

-81,886

-7,490

40,928

0

-

0

0

-

131

350

0

850

-

-

Income before provision for income taxes and income / (loss) from discontinued operations

8,894

10,889

10,120

25,673

22,894

19,691

11,585

22,229

27,419

22,559

-33,204

22,147

21,284

12,245

8,849

15,082

21,490

16,202

2,949

9,908

18,156

17,515

2,075

5,847

-41,539

8,024

-34,069

3,596

20,166

3,465

-28,977

-1,219

1,018

17,368

-14,723

8,533

Provision for income taxes (Note 12)

3,083

3,217

-10,589

3,996

4,616

3,236

21,919

8,002

7,672

6,496

-5,002

4,239

6,015

3,516

-129,350

1,456

1,951

2,099

207

1,634

2,661

2,834

-8,379

1,423

3,644

3,490

-3,961

3,047

12,524

2,142

1,563

2,547

2,570

6,613

-3,737

4,228

Equity in profit of joint venture, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

94

-

-245

-222

-159

-185

-208

-165

0

-

0

0

-

-

-

-

-

-

-

Income from continuing operations

5,811

7,672

20,709

21,677

18,278

16,455

-10,334

14,227

19,747

16,063

-28,202

17,908

15,269

8,729

138,105

13,626

19,539

14,197

3,368

8,029

15,273

14,522

-

-

-

-

-30,108

549

7,642

1,323

-

-

-

-

-

-

Income / (loss) from discontinued operations, net of tax (Note 5)

0

-12,740

-34,065

903

4,098

845

6,467

704

-489

1,350

45,575

367

-20,021

-345

7,554

3,246

-400

-76

-21,411

4,873

1,677

756

-

-

-

-

47,654

-2,931

1,616

-737

-

-

-

-

-

-

Net income

5,811

-5,068

-13,356

22,580

22,376

17,300

-3,867

14,931

19,258

17,413

17,373

18,275

-4,752

8,384

145,659

16,872

19,139

14,121

-18,043

12,902

16,950

15,278

20,534

4,216

-45,348

4,534

16,072

-2,382

9,258

2,060

-23,592

-3,766

-1,552

10,755

-10,986

4,305

Less: Net income attributable to the noncontrolling interests

-

-

-

-

-

-

0

0

42

68

488

118

89

6

577

589

493

80

2,553

1,741

854

423

1,564

898

-237

1,986

2,349

1,593

1,600

1,434

1,072

1,082

1,222

1,733

2,015

2,394

Net income attributable to Tower International, Inc.

-

-

-

22,580

-

-

-3,867

14,931

19,216

17,345

16,885

18,157

-4,841

8,378

145,082

16,283

18,646

14,041

-20,596

11,161

16,096

14,855

18,970

3,318

-45,111

2,548

13,723

-3,975

7,658

626

-24,664

-4,848

-2,774

9,022

-13,001

1,911

Less: Preferred unit dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,058

4,380

Income/(loss) available to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,059

-2,469

Weighted average basic shares outstanding

20,689

20,632

20,607

20,605

20,597

20,556

20,538

20,522

20,508

20,425

20,336

20,830

21,164

21,126

21,111

21,107

21,104

21,050

20,751

20,733

20,651

20,513

20,474

20,449

20,362

20,261

20,250

20,246

20,134

19,691

19,691

19,562

19,101

19,101

12,467

12,467

Weighted average diluted shares outstanding

20,998

21,063

21,010

21,035

20,986

20,951

20,901

20,787

20,805

20,820

20,772

21,182

21,489

21,444

21,446

21,422

21,403

21,360

21,469

21,457

21,373

21,263

19,486

21,106

20,362

20,593

19,087

20,246

20,328

20,660

18,903

19,562

19,101

19,890

12,467

12,467

Basic income / (loss) per share (Note 15):
Income per share from continuing operations

0.28

0.37

1.01

1.05

0.89

0.80

-0.50

0.69

0.96

0.78

-1.36

0.85

0.72

0.41

6.52

0.62

0.90

0.67

0.03

0.30

0.70

0.69

-

-

-

-

-1.61

-0.05

0.30

-0.01

-

-

-

-

-

-

Income / (loss) per share from discontinued operations

0.00

-0.62

-1.66

0.04

0.20

0.04

0.31

0.03

-0.02

0.07

2.18

0.02

-0.95

-0.02

0.36

0.15

-0.02

0.00

-1.04

0.24

0.08

0.04

-

-

-

-

2.30

-0.15

0.08

0.04

-

-

-

-

-

-

Income per share

0.28

-0.25

-0.66

1.10

1.09

0.84

-0.20

0.73

0.94

0.85

0.81

0.87

-0.23

0.40

6.88

0.77

0.88

0.67

-1.00

0.54

0.78

0.72

0.94

0.16

-2.22

0.13

0.69

-0.20

0.38

0.03

-1.27

-0.25

-0.15

0.47

-1.21

-0.20

Diluted income / (loss) per share (Note 15):
Income per share from continuing operations

0.28

0.36

0.98

1.03

0.87

0.79

-0.50

0.68

0.95

0.77

-1.35

0.84

0.71

0.41

6.42

0.61

0.89

0.66

0.05

0.29

0.67

0.66

-

-

-

-

-1.61

-0.05

0.30

-0.01

-

-

-

-

-

-

Income / (loss) per share from discontinued operations

-0.01

-0.60

-1.62

0.04

0.20

0.04

0.32

0.03

-0.02

0.06

2.14

0.02

-0.93

-0.02

0.35

0.15

-0.02

0.00

-1.01

0.23

0.08

0.04

-

-

-

-

2.30

-0.15

0.08

0.04

-

-

-

-

-

-

Income per share

0.28

-0.24

-0.64

1.07

1.07

0.83

-0.18

0.72

0.92

0.83

0.80

0.86

-0.23

0.39

6.77

0.76

0.87

0.66

-0.96

0.52

0.75

0.70

0.95

0.16

-2.22

0.12

0.69

-0.20

0.38

0.03

-1.25

-0.25

-0.15

0.45

-1.21

-0.20

Dividends declared per share

-

-

-

0.12

-

-

-

0.11

0.11

0.11

-

0.10

0.10

0.10

-

-

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-