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Stock Market & Financial Investment News

News Breaks
February 15, 2013
08:03 EDTTOWRTower International sees FY13 EPS $1.10-$1.40, consensus $1.13
Sees FY13 revenue $2.1B-$2.15B, consensus $2.18B. Sees FY13 adjusted EBITDA $200M-$210M; Sees FY13 free cash flow $15M-$25M.
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July 31, 2014
08:38 EDTTOWRTower International raises FY14 adjusted EPS to $2.95-$3.05 from $2.90
FY14 EPS consensus of $3.03. Raises FY14 revenue to $2.2B-$2.23B from $2.18B, consensus $2.2B. Raises FY14 adjusted EBITDA $217M-$220M, up $2M-$5M from prior guidance. Tower's business model is revised to increase the target for adjusted free cash flow to 4% of revenue in 2016, up from the prior target of 3% of revenue by 2015, reflecting anticipated further improvement in adjusted EBITDA less capital expenditures and a further decrease in interest expense.
08:38 EDTTOWRTower International reports Q2 EPS 93c, consensus 81c
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