achieved an operating income of $3.7 million for the quarter, compared to an operating loss of $1.7 million in the fourth quarter of 2013. For the full year 2014, net sales were $705.2 million, up 9.7% year-over-year. Te company generated positive free cash flow for the first time since 2007. “We are pleased with the strong
fourth-quarter and full-year results Accuride delivered in 2014, and expect 2015 to be an even better year for us,” Dauch said. Although Gunite’s net sales were
down 2.7% in the fourth quarter of 2014 compared to 2013, the adjusted EBIDTA improved to $3.5 million, from $2.7 million. For 2014, Gunite’s adjusted EBIDTA as a percentage of net sales was 12.6%, reaching its highest level since 2006 and exceed- ing Accuride’s previous expectations. Brillion Iron Works’ fourtadjusted EBITDA was $2.3 million, an increase of $2.8 million from the fourth quarter of 2013. Accuride expects Brillion to achieve 5 to 10% growth in 2015. Moving forward, Accuride has
committed to making continued investments in Brillion and Gunite to grow as a globally competitive wheel end business. Additional investments are being planned for research and development in wheel end products. “Te management team brought
process discipline and standardization of processes across our plants,” said Timothy Weir, Accuride director of public affairs, communications and marketing. “Tis stems directly from the human beings who drive it and those who support that vision. Tey are technically strong people, and what they’ve accomplished has been transformational.” For Clark, who has worked for
Gunite for 35 years, the differences the new executive team and investment have made to the business are palpable. “From our CEO Rick Dauch’s level to our team members on the plant floor, I see a real acceptance and pride in pro- ducing the product,” he said. “Everyone is taking ownership of everything—no finger pointing. If you are outsourcing castings, you might blame your supplier. But at Gunite, everyone is working together to optimize the product.”
Mar/Apr 2015 | METAL CASTING DESIGN & PURCHASING | 27
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