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Exhibit 99.1
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Investor Relations Contact: |
Dave Armstrong |
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(812) 962-5059 |
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Eva Schmitz |
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FOR IMMEDIATE RELEASE
Accuride Corporation Reports Results for 2006
Net Sales increased by 9.7% on a pro forma basis
Adjusted EBITDA increased by 7.2% on a pro forma basis
Net debt reduced by $116.8 million
EVANSVILLE, Ind. March 6, 2007 Accuride Corporation (NYSE: ACW), a leading manufacturer and supplier of commercial vehicle components, today announced its financial results for the fourth quarter 2006 and twelve months ended December 31, 2006.
The Company reported results of $344.9 million in net sales for the fourth quarter of 2006 compared to $297.7 million for the fourth quarter of 2005, an increase of 15.9%. This expansion was primarily the result of continued robust demand in the commercial vehicle industry and the partial pass-through of rising raw material costs.
For the twelve months ended December 31, 2006, net sales were $1,408.2 million compared to $1,229.3 million for the same twelve-month period in 2005. Net sales in 2006 of $1,408.2 million increased 9.7% compared to pro forma net sales of $1,283.6 million during the same period in 2005. The Company acquired Transportation Technologies Industries, Inc. (TTI) in late January 2005, and pro forma results account for the Companys acquisition as if it occurred on January 1, 2005.
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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.
Accuride Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2007 10-K Annual Report includes:
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Accuride Corp provided additional information to their SEC Filing as exhibits
Ticker: ACW
CIK: 817979
Form Type: 10-K Annual Report
Accession Number: 0001104659-07-017839
Submitted to the SEC: Fri Mar 09 2007 5:08:21 PM EST
Accepted by the SEC: Fri Mar 09 2007
Period: Sunday, December 31, 2006
Industry: Motor Vehicle Parts And Accessories