Accuride Reports Profit for First Quarter Since Going Public

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ommercial vehicle component maker Accuride Corp., which went public April 26, reported first-quarter earnings Wednesday of $200,000 or 1 cent per share.

The earnings compared with $4.6 million or 30 cents a share a year ago. Accuride’s sales were $272.6 million, compared with $111.4 million a year ago.

Both 2004 figures were based on pro forma results.

The results for this year’s first quarter included refinancing costs from Accuride’s acquisition of Transportation Technologies Industries Inc., totaling $19.4 million.

Evansville, Ind.-based Accuride is traded on the New York Stock Exchange.

 

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