Accuride Corp (ACW) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2011

Accuride Corp

CIK: 817979 Ticker: ACW

News Release
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


Accuride Corporation Returns to Profitability in Fourth Quarter of 2011
Full year 2011 results within range of previously updated guidance, including discontinued operations:
Net sales of $960.4 million, up 25.7 percent from 2010
Net loss of $0.36 per share
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.”



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.

View differences made from one year to another to evaluate Accuride Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Accuride Corp.


Assess how Accuride Corp's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Accuride Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2012 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors


SEC Filing Tools
Ticker: ACW
CIK: 817979
Form Type: 10-K Annual Report
Accession Number: 0000817979-12-000025
Submitted to the SEC: Thu Mar 15 2012 2:37:26 PM EST
Accepted by the SEC: Thu Mar 15 2012
Period: Saturday, December 31, 2011
Industry: Motor Vehicle Parts And Accessories

External Resources:
Stock Quote
Social Media

Bookmark the Permalink: