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Accuride Corporation
Type
Public (NYSE: ACW)
Industry Vehicle Components
Founded 1986
Headquarters Evansville, Indiana, United States
Key people
Rick Dauch, President & CEO
Revenue $936M FY2011
Number of employees
2800
Website www.accuridecorp.com

Accuride Corporation is a diversified manufacturer and supplier of commercial vehicle components in North America. Based in Evansville, Indiana, the company designs, manufactures and markets commercial vehicle components.

Accuride’s business units are Accuride Wheels, Gunite Corporation, and Brillion Iron Works. Its products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, and other commercial vehicle components; and are marketed under brand names including Accuride, Gunite and Brillion.

Accuride was founded in 1986 in order to acquire the wheel-making division of Firestone Tire & Rubber Company. The purchase was orchestrated by Bain Capital under the direction of Mitt Romney. With Bain Capital as its new owners, Accuride revamped production and restructured executive pay, quickly boosting the company's profitability. Accuride's earnings rose 20 percent in the first year under Bain's watch, and the number of plants increased by 16 percent to 1,785. Bain Capital sold the company to a mining conglomerate 18 months later, making approximately $120 million from its $5 million investment. The success of the takeover and turnaround quickly put Romney and Bain on the map.

The 2008–2012 recession undermined the global demand for commercial vehicles and freight components, drastically damaging Accuride's profitability. In October 2009, the company sought legal protection from its creditors under Chapter 11 bankruptcy rules, and in November 2009 sought court approval to reorganize itself. On 26 February 2010, Accuride emerged from Chapter 11 bankruptcy with a new capital structure.

The company produces commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, seating assemblies and other commercial vehicle components. Accuride markets its products using four brand names: Accuride, Gunite, Imperial, and Brillion Iron Works.

News

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2016 2017-02-23 Future report Set alerts
Q3 2016 2016-11-01 -0.59 -0.14
Q2 2016 2016-07-26 0.05 0.18
Q1 2016 2016-05-03 -0.10 -0.10
Q4 2015 2016-02-26 -0.31 -0.31
Q3 2015 2015-11-02 0.04 0.11
Q2 2015 2015-07-27 0.13 0.11
Q1 2015 2015-04-27 -0.01 -0.01
Q4 2014 2015-03-03 -0.10 -0.10
Q3 2014 2014-11-03 0.00 0.02

Ratings

2016-05-10 Reiterated Rating B. Riley Neutral $1.90
2016-05-05 Reiterated Rating B. Riley Neutral $1.90
2016-05-04 Upgrade Gabelli Hold to Buy $4.00
2016-03-05 Reiterated Rating B. Riley Neutral $1.90
2016-02-29 Reiterated Rating B. Riley Neutral $1.90
2016-01-22 Downgrade Gabelli Buy to Hold
2016-01-09 Reiterated Rating B. Riley Neutral $1.90
2016-01-04 Reiterated Rating B. Riley Neutral $1.90
2015-11-08 Downgrade B. Riley Neutral $3.00
2015-11-03 Downgrade B. Riley Buy to Neutral $5.00 to $3.00
2015-09-17 Downgrade BB&T Corp. Buy to Hold
2015-07-29 Reiterated Rating B. Riley Buy $5.00
2015-07-24 Reiterated Rating B. Riley Buy $5.00
2015-05-19 Initiated Coverage Gabelli Buy
2015-04-28 Reiterated Rating B. Riley Buy $6.40
2015-03-11 Reiterated Rating B. Riley Buy $6.40
2015-03-04 Reiterated Rating B. Riley Buy $6.40
2015-02-12 Reiterated Rating B. Riley Buy $6.40
2014-10-27 Upgrade B. Riley & Co. Neutral to Buy $4.50 to $6
2014-10-27 Upgrade B. Riley Neutral to Buy $4.50 to $6.00
2014-07-30 Reiterated Rating B. Riley Neutral $4.00 to $4.50
2014-04-29 Upgrade CRT Capital Fair Value to Buy $4.50 to $6.00
2013-11-04 Downgrade B. Riley Buy to Neutral
2012-01-13 Initiated BB&T Capital Mkts Hold
2016-05-10 Reiterated Rating B. Riley Neutral $1.90
2016-05-05 Reiterated Rating B. Riley Neutral $1.90
2016-05-04 Upgrade Gabelli Hold to Buy $4.00
2016-03-05 Reiterated Rating B. Riley Neutral $1.90
2016-02-29 Reiterated Rating B. Riley Neutral $1.90

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In ACW 3 funds of 2184 total. Show all

Fund name Ticker shares
RUSSELL FRANK CO/ 0.43M
MANAGED ACCOUNT ADVISORS LLC 0.33M
KS MANAGEMENT CORP 74603

Major Shareholders

Name Relationship Total Shares Holding stocks
Coliseum Capital Management, LLC 19.23%  (9176694) ACW / ADES / BIOS / HCAC / LHCG / PRSC / UTI /
Cetus Capital III, L.P. 2.42%  (1153655) ACW /
Cetus Capital II, LLC 1.07%  (509844) ACW / IBP /
Cetus Capital, LLC 1.00%  (477801) ACW / TROX /
Littlejohn Opportunities Master Fund LP 0.77%  (369514) ACW /
DAUCH RICHARD F President & CEO 0.75%  (359457) ACW / SPAR /
RISNER JOHN W 0.27%  (128718) ACW / NIHD /
Davis Robert E. 0.23%  (111448) ACW /
BUSSE KEITH E 0.14%  (66918) ACW / STLD / TOFC /
ADAMS ROBIN J 0.11%  (53510) ACW / CSL /
KLING LEWIS M 0.11%  (51188) ACW / EMN /
Martin Stephen Albert SVP-General Counsel/Corp Secr. 0.09%  (42045) ACW /
Risch Gregory Alan VP/Chief Financial Officer 0.08%  (35894) ACW /
RULSEH JAMES R 0.07%  (33510) ACW / WWD /
Adams David Gordon SVP/Chief Technology Officer 0.07%  (32661) ACW /
Hazlett Scott D. SVP & GM/Wheels & Gunite 0.06%  (26744) ACW /
Blair Mary Elizabeth SVP/Supply Chain Mgt. 0.04%  (20057) ACW /
Maniatis James John SVP-Human Resources 0.03%  (16225) ACW /
Byrnes Charles Michael Jr. SVP-Sales & Marketing 0.03%  (13380) ACW / KMT /
Duster Benjamin 0.02%  (7712) ACW / MFLX /

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