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Tower International posted adjusted third-quarter earnings before interest, taxes, depreciation and amortization of $49.2 million, down 2 percent, despite sales gains in North America.
Tower International said its first quarter net income more than doubled as sales rose slightly and the company avoided major costs it faced during the same quarter last year.
Tower International reported fourth-quarter adjusted earnings of $56.2 million, up 23 percent from $45.9 million a year ago, while net income plummeted 88 percent for the quarter.
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