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Accuride Corp (ACW) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2006

Accuride Corp

CIK: 817979 Ticker: ACW

Exhibit 99.1

 

Investor Relations Contact:

Dave Armstrong

 

Phone:

(812) 962-5059

 

 

 

 

Media Contact:

Eva Schmitz

 

Phone:

(812) 962-5011

 

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 Company’s acquisition as if it occurred on January 1, 2005.

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The following information was filed by Accuride Corp (ACW) on Tuesday, March 6, 2007 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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Accuride Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2007 10-K Annual Report includes:

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SEC Filing Tools
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

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