BRIEF-Tower international board authorizes $100 mln share buyback

viernes 17 de junio de 2016 09:21 GYT
 

June 17 (Reuters) - Tower International Inc :

* Tower International Inc says full year earnings and cash flow are presently expected to be consistent with prior guidance

* Expects to generate more than enough cash through 2017 from operational free cash flow, sales in Brazil and China to fund repurchase

* Presently anticipates that revenue may be slightly lower than prior guidance for Q2 and full year

* Earnings are presently expected to exceed Q2 guidance based on favorable calendarization and other factors

* Full year earnings and cash flow are presently expected to be consistent with prior guidance

* Tower International board authorizes $100 million share buyback Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)