Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Accuride Comes Close to First Quarter Profit

Truck component supplier Accuride Corp. nearly broke even the first quarter of the year after losing more money a year earlier.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
April 27, 2015
Accuride Comes Close to First Quarter Profit

 

2 min to read


Truck component supplier Accuride Corp. nearly broke even the first quarter of the year after losing more money a year earlier.

It reported a net loss Monday of $600,000, or 1 cent per share, compared to a loss of $3.3 million, or 6 cents per share, in the first quarter of 2014.

Ad Loading...

First quarter 2015 net sales from continuing operations were $183.7 million, compared with $166.8 million in the same period in 2014, an increase of 10.1%, primarily reflecting the impact of stronger industry conditions in the company’s wheels and Brillion Iron Works segments during the quarter.

The company said its Accuride Wheels net sales were $108.3 million, up $16.1 million, or 17.5% from the same period in 2014, primarily due to stronger OEM demand and market share gains in the aftermarket, with additional shifts being added to meet rising customer demand for aluminum wheels.

Its Gunite segment's net sales of $37.7 million were down $6.2 million, or 14.2%, from the first quarter of 2014, due primarily to lower aftermarket demand for brake drums and OEM demand for hubs, according to the company.

Ad Loading...

Accuride’s Brillion Iron Works’ first quarter net sales were $37.6 million, up $7 million, or 22.8% from the first quarter of 2014 on higher customer volumes.

These latest figures follow a net loss of $5.1 million in the fourth quarter of 2014, which compared to net income of $1.9 million a year earlier. In the third quarter of 2014 it posted a profit of $1.2 million, which marked its second consecutive quarter of positive numbers, which compared to a 2013 net loss of $4.8 million

The past few years have been rocky for the Indiana-based operation, which filed for bankruptcy reorganization in 2010 and emerged from it five months later. Since then it has reorganized and restructured, with President and CEO Rick Dauch in 2013 saying the company was ready to grow. Since then it has launched new products.

“Accuride had a strong first quarter,” Dauch said. “Our industry-leading quality, delivery and lead-time performance allowed us to renew and secure new long-term customer agreements at our wheels and Gunite businesses. We are experiencing near-term headwinds at Brillion due to macro industry conditions.”

More Equipment

Khaki-colored autonomous Peterbilt truck hauling triple trailers loaded with frac sand for Atlas Energy Solutions in the Permian Basin.
Equipmentby News/Media ReleaseJuly 31, 2026

Atlas Expands Kodiak Driverless Truck Fleet in Permian Basin

Atlas Energy Solutions is expanding autonomous frac sand hauling in the Permian Basin with a second load-out location and plans for 100 driverless trucks by mid-2027.

Read More →
Equipmentby Jim ParkJuly 30, 2026

Putting Mack’s Command Steer to the Test

A test drive of Mack’s Command Steer active steering system evaluates how it can make truck driving easier and less tiring.

Read More →
Photo of Volvo VNL truck on highway with illustration of software over the air updates
Equipmentby News/Media ReleaseJuly 27, 2026

Mack, Volvo Expand DEF Derate Software Updates

The updated software gives Mack and Volvo truck owners more time to address DEF-related issues before the engine derates or the vehicle goes into reduced-speed inducement, following new EPA guidance.

Read More →
Ad Loading...
Graphic showing Rush and MCT logos with blue tractor pulling white refrigerated trailer in the background
Maintenanceby News/Media ReleaseJuly 24, 2026

Rush, MCT Team Up to Grow Refrigeration Service Network

The joint venture will operate MCT's network of Carrier Transicold dealerships and mobile service locations, with the companies promising greater service capacity and uptime for refrigerated fleets.

Read More →
EquipmentJuly 23, 2026

Cummins Adjusts 2027 Engine Rollout After EPA Proposal

The engine maker will gradually introduce its new Model Year 2027 diesel engines while continuing to offer current models during the transition, citing the EPA's proposed emissions rule changes.

Read More →
Blue International heavy-duty truck with Aurora driverless truck software coming head-on on an interstate highway
Equipmentby Deborah LockridgeJuly 22, 2026

Aurora Rolls Out Next Generation of Driverless Trucks for Commercial Freight

Aurora's latest autonomous trucks it's rolling out with International feature lower-cost hardware designed for a million miles as the company expands commercial driverless freight operations across the U.S. Sun Belt.

Read More →
Ad Loading...
YouTube thumbnail with Ingrid Brown, red Peterbilt truck behind her, and the words Classic Custom: Peterbilt 589: Heavy Duty Trucking Spotlight
Equipmentby Wayne ParhamJuly 20, 2026

Peterbilt 589 Spotlight: A Close Look at a Custom Working Truck [Video]

There's more to this customized Peterbilt Model 589 and Great Dane refrigerated trailer than chrome and stainless (although there's plenty of that too!) A veteran driver explains the design choices and practical features behind this working truck.

Read More →
Continental ContiTread HDL 5 EP
Equipmentby News/Media ReleaseJuly 16, 2026

Continental Expands Retread Lineup With New ContiTread HDL 5 EP

New long-haul drive retread is designed to improve fuel efficiency, extend tread life, and lower fleets' cost per mile.

Read More →
Four men in suits on the National Mall with giant video screen showing capitol building in the background
Equipmentby Deborah LockridgeJuly 10, 2026

EPA Proposal Could Ease 2027 Truck Costs and Buying Uncertainty

The proposal doesn't change the tougher NOx standard, but it would revise key implementation requirements that manufacturers say have driven up costs and complicated fleet purchasing decisions.

Read More →
Ad Loading...
Illustration showing Paccar MX engine with sketch illustration of DEF fill tank in background
Equipmentby Deborah LockridgeJuly 7, 2026

Cummins, Paccar Ease DEF Derates After EPA Guidance

Updated diesel engine software gives truck operators more time to address emissions-system issues while staying compliant with EPA emissions standards.

Read More →