News Release
 
 
CORPORATION
7140 Office Circle 
P.O. Box 15600 
Evansville, IN  47716-0600 
 
Investor Relations:  Chad Monroe
 
Phone: (812) 962-5041

 
Media Relations: Timothy G. Weir, APR
 
Phone: (812) 962-5128

FOR IMMEDIATE RELEASE

Accuride Corporation Returns to Profitability in Fourth Quarter of 2011
 
·  
Full year 2011 results within range of previously updated guidance, including discontinued operations:
o  
Net sales of $960.4 million, up 25.7 percent from 2010
o  
Net loss of $0.36 per share
o  
Adjusted EBITDA of $86.1 million, up 30.0 percent from 2010
·  
Enhanced liquidity in place to fund 2012 investments and industry growth
·  
“Fix and Grow” operational improvement plans and capital projects solidly on track
·  
Positive fourth quarter net income of $0.09 per share

EVANSVILLE, Ind. – February 29, 2012 –
 Accuride Corporation (NYSE: ACW), a leading supplier of components to the commercial vehicle industry, today reported financial results for the fourth quarter and fiscal year ended December 31, 2011.

Fourth Quarter 2011 Results
Accuride achieved fourth quarter 2011 net sales from continuing operations of $242.5 million, compared with $175.7 million in the same period in 2010, an increase of 38.0 percent, with each business segment posting double-digit gains.  Net income for the quarter was $4.1 million, while Adjusted EBITDA was $24.3 million, an increase of $11.9 million, or 96.0 percent, over the fourth quarter of fiscal year 2010.  The Company’s fourth quarter Adjusted EBITDA margin was 10.0 percent, compared to 7.1 percent in the same quarter of 2010.  Cash and cash equivalents were $56.9 million at quarter end.  Free cash flow was $18.2 million for the quarter.

“Increasing production volumes, driven by rapidly recovering Class 8 truck and trailer demand, helped drive our fourth quarter performance and gave us solid momentum going into 2012,” said Accuride President and CEO Rick Dauch.  “The increased demand had the greatest impact on the performance of our Accuride Wheels business and validates our decision to expand our aluminum wheel capacity. In addition, our margins are beginning to reflect the impact of greater operating efficiencies and working capital performance as we execute our ‘Fix and Grow’ strategy.”






-more-

 
 

The following information was filed by Accuride Corp (ACW) on Thursday, March 1, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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