Tower International Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported revenue of $377.27 million compared to $354.806 million a year ago. Operating income was $19.548 million compared to $26.975 million a year ago. Income from continuing operations was $21.396 million or $1.04 per basic and diluted share compared to loss from continuing operations of $8.142 million or $0.4 per basic and diluted share a year ago. Net loss was $13.356 million or $0.65 per basic and diluted share compared to $3.867 million or $0.19 per basic and diluted share a year ago.

For the year, the company reported revenue of $1,571.853 million compared to $1,382.474 million a year ago. Operating income was $100.556 million compared to $91.866 million a year ago. Income from continuing operations was $77.119 million or $3.75 per basic and $3.67 per diluted share compared to $39.703 million or $1.93 per basic and $1.9 per diluted share a year ago. Net income was $48.9 million or $2.37 per basic and $2.33 per diluted share compared to $47.735 million or $2.32 per basic and $2.29 per diluted share a year ago.

For the 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

With the completion of significant launch activity in 2019, financial results are expected to improve substantially. Full year 2020 outlook includes: revenue of $1.69 to $1.74 billion.