Tower International (TOWR)

We are a leading manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers (“OEMs”). We offer our automotive customers a broad product portfolio, supplying body-structure stampings, frame and other chassis structures, and complex welded assemblies for small and large cars, crossovers, pickups, and sport utility vehicles. After giving effect to the pending sale of our European operations and the retention of our Brazilian operations, (see “Our History and Corporate Structure — Europe Discontinued Operations”), our products are manufactured at 14 facilities, strategically located near our customers in the United States, Mexico, and Brazil. We support our manufacturing operations through five engineering and sales locations around the world. We are a disciplined, process-driven company with an experienced management team that has a history of implementing sustainable operational improvements. For the year ended December 31, 2018, in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), we generated revenues of  $1.6 billion and net income attributable to Tower International Inc. (the “Company”) of  $48.9 million. In addition, we had Adjusted EBITDA of  $177.7 million and an Adjusted EBITDA margin of 11.3% for the year ended December 31, 2018. (Item 7 of this Annual Report includes a discussion of Adjusted EBITDA as a non-GAAP measure).