Accuride Corp (ACW) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2009

Exhibit 99.1

FOR IMMEDIATE RELEASE

Accuride Corporation Reports Results for 2009

EVANSVILLE, Ind. — March 24, 2010 —

Net sales in 2009 were $570.2 million, compared with $931.4 million in the prior year.  The decrease in sales was the result of reduced demand from customers in the commercial vehicle industry.  On a U.S. GAAP basis, the Company reported a net loss of $140.1 million, or ($3.59) per diluted share, compared to a net loss of $328.3 million, or ($9.24) per diluted share, in 2008.  The loss in 2009 included $11.4 million in restructuring costs and $43.5 million of other unusual items totaling $54.9 million, or ($1.41) per diluted share.  The loss in 2008 was impacted by $273.2 million in non-cash goodwill and other intangible impairment charges, $41.7 million of tax valuation charges, $15.5 million of restructuring charges and $13.8 million of other unusual items totaling $344.2 million, or ($9.68) per diluted share.

In the fourth quarter, net sales were $146.2 million compared to $208.8 million in the fourth quarter of 2008.  On a U.S. GAAP basis, the Company reported a net loss of $39.7 million, or ($0.83) per diluted share, compared to a loss of $118.7 million, or ($3.32) per diluted share, in the prior year.  The loss in 2009 included $0.9 million in restructuring costs and $20.5 million in other unusual items totaling $21.4 million, or ($0.45) per diluted share.  The loss in 2008 was impacted by $63.9 million in non-cash goodwill and other intangible impairment charges, $41.7 million of tax valuation charges, and $7.1 million of restructuring charges totaling $112.7 million, or ($3.15) per diluted share.

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