Tower International, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported revenues of $524,566,000 against $462,372,000 a year ago. Operating income was $31,070,000 against $27,125,000 a year ago. Income before provision for income taxes and income from discontinued operations $25,673,000 against $22,229,000 a year ago. Income from continuing operations was $21,677,000 against $14,227,000 a year ago. Net income attributable to the company was $22,580,000 against $14,931,000 a year ago. Diluted income per share attributable to the company from continuing operations was $1.03 against $0.68 a year ago. Diluted income per share attributable to the company was $1.07 against $0.72 a year ago. Net cash provided by continuing operating activities was $43,085,000 against $46,153,000 a year ago. Cash disbursed for purchases of property, plant, and equipment, net was $25,184,000 against $32,526,000 a year ago. Adjusted EBITDA was $57,117,000 against $48,481,000 a year ago. Diluted adjusted earnings per share was $1.08 against $0.85 a year ago. Free cash flow was $17,901,000 against $13,627,000 a year ago.

For the nine months, the company reported revenues of $1,644,079,000 against $1,449,887,000 a year ago. Operating income was $89,835,000 against $78,847,000 a year ago. Income before provision for income taxes and income from discontinued operations was $74,430,000 against $72,207,000 a year ago. Income from continuing operations was $59,828,000 against $50,037,000 a year ago. Net income attributable to the company was $62,256,000 against $51,492,000 a year ago. Diluted income per diluted share attributable to the company from continuing operations was $2.85 against $2.40 a year ago. Diluted income per share attributable to the company was $2.97 against $2.48 a year ago. Net cash provided by continuing operating activities was $75,612,000 against $35,913,000 a year ago. Cash disbursed for purchases of property, plant, and equipment, net was $93,765,000 against $76,687,000 a year ago. Adjusted EBITDA was $168,445,000 against $146,971,000 a year ago. Net debt was $269,692,000 against $263,098,000 a year ago. Diluted adjusted earnings per share was $3.00 against $2.58 a year ago. Negative Free cash flow was $18,153,000 against $40,774,000 a year ago.

For the full year 2018, the company expects revenue of $2.17 billion, reflecting primarily net new business of $125 million, favorable foreign exchange and higher steel prices; adjusted EBITDA of $230 million; diluted adjusted EPS is increased by 10 cents to $4.20 per share; and free cash flow is maintained at $50 million.

The company's outlook for fourth quarter 2018 includes revenue of $526 million, adjusted EBITDA of $61.6 million and diluted adjusted earnings per share of $1.20.