Greg Risch, Accuride Vice President and Chief Financial Officer, will present an update on the Company to the investment community beginning at 1:30 p.m. Eastern Time (10:30 a.m. Pacific) in the Palisades D meeting room.

Accuride’s presentation will be broadcast live through an audio webcast available at the Investors section of the Company’s website – www.AccurideCorp.com/Investors. Presentation slides will be available for download at the site and the webcast will be available for replay for 30 days following the event.

About Accuride Corporation

With headquarters in Evansville, Ind., USA, Accuride Corporation is a leading supplier of components to the North American commercial vehicle industry. The company’s products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, and other commercial vehicle components. The company’s products are marketed under its brand names, which include Accuride^®, Accuride Wheel End Solutions^TM, Gunite^®, Imperial^TM and Brillion^TM. Accuride’s common stock trades on the New York Stock Exchange under the ticker symbol ACW. For more information, visit the Company’s website at http://www.accuridecorp.com.

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Contacts:

Investor Relations
Chad Monroe
Director of Corporate Development
Phone: (812) 962-5041
investor@accuridecorp.com

Media Relations
Timothy G. Weir, APR
Director of Public Affairs, Communications and Marketing
Phone: (812) 962-5128
webmaster@accuridecorp.com

The post Accuride Corporation to Webcast Presentation at B. Riley & Co. Investor Conference appeared first on Accuride Corporation.

Processing for payment those invoices meeting proper payment criteria.  This includes reviewing all invoices for accuracy and correctness.  This may include matching to system material receipt if required.  Ensuring proper and complete approvals are obtained prior to invoice input for payment.  Review receipts by purchase order for keying into MP2.

Check processing requires the use of mechanical systems to print, sign, and prepare checks for matching, check stuffing, mailing and document copy filing.  

System vendor master control is maintained by this A/P position.  This position is also responsible for reconciling the Accounts Payable subsystem to BPCS G/L entries, including MP2 batch downloads.

Principal Accountabilities

1. Accurate and timely invoice processing and subsequent vendor payment processing.
2. Work with Accounting Management in researching, analyzing, and summarizing vendor payment information.
3. Strong teamwork with facility and corporate management that improves timing and correctness of invoice processing and the subsequent payment to Accuride vendors.
4. Participate in monthly invoice accrual process.
5. Assist in reconciling Accounts Payable accrual accounts.

The post Accounting Assistant I – A/P appeared first on Accuride Corporation.

Accuride achieved first quarter 2013 net sales from continuing operations of $192.5 million, compared with $269.5 million in the same period in 2012, a decline of 28.6 percent, reflecting the impact of macro-economic and industry conditions on its businesses.  The Company experienced a $6.0 million operating loss for the quarter, as compared to $7.2 million of operating income in the first quarter of 2012.  The Company reported a net loss of $15.9 million, or $0.34 per share during the quarter, as compared to a net loss of $2.9 million, or $0.06 per share in the prior-year quarter.  First quarter Adjusted EBITDA declined 65.7 percent year-over-year to $7.4 million, resulting in an Adjusted EBITDA margin of 3.8 percent, compared to 8.0 percent in the same quarter of 2012.  As of March 31, 2013, Accuride had $31.5 million of cash plus $33.0 million in availability under its ABL credit facility, for total liquidity of $64.5 million. 

Commenting on Accuride’s first-quarter results, President & CEO Rick Dauch said, “We continued to experience softness in our two primary market segments, North American commercial vehicle and global mining/construction, which led to significantly reduced revenue during the first quarter.  We continue to focus on what is in our control by taking targeted actions to reduce our overall cost structure and have substantially completed our manufacturing footprint consolidation efforts.  We are aggressively managing working capital, now at nine percent of sales, and have secured leases for aluminum wheel process equipment which provides $10 million of additional liquidity.  We believe that the first quarter represents the bottom of the North American commercial vehicle cycle.  We are prepared for and look forward to the pending market upturn.”

Industry Conditions

During the first quarter, North American commercial vehicle production was lower year over year across all segments, due to overall economic weakness.  OEMs continued to adjust their build schedules downward in order to better align their operations with incoming demand.  Class 8 vehicle production declined by 29.2 percent versus the first quarter of 2012, while the Class 5-7 and U.S. Trailer segments declined 6.7 percent and 2.6 percent, respectively.  Industry forecasts continue to project a significant ramp-up in production during the third and fourth quarter and into 2014. While Class 8 vehicle orders and production are beginning to show signs of improvement, the extent of the industry recovery this year will depend on net order strength in Q2 and Q3.  Fleets remain profitable and continue to cautiously replace aging equipment.  Overall, the North American commercial vehicle industry continues to have a bright future.  Freight tonnage is projected to steadily increase over the next several years, which will continue to drive increased demand for trucks and trailers going forward. 

First Quarter Business Segment Results

Accuride Wheels

Accuride Wheels segment net sales were $93.2 million, down $23.7 million, or 20.3 percent, from the same period in 2012, due to lower year-over-year commercial vehicle build rates and aftermarket demand.  Wheels’ Adjusted EBITDA was $16.0 million, a decrease of $12.3 million, or 43.5 percent from the first quarter of 2012. This included a one-time charge for the equipment leases and higher material costs.  With the recent successful launch and commercialization of additional aluminum wheel capacity at Accuride’s Camden and Monterrey facilities, the Company is focused on converting identified opportunities for aluminum wheel business to gain share as this market segment continues to grow.

Gunite

Gunite segment net sales were $39.4 million, down $29.2 million, or 42.6 percent, from the first quarter of 2012, attributable primarily to the impact of low-cost offshore competitors and the loss of primary position on drums and hubs at two OEM customers. Gunite’s Adjusted EBITDA was negative $0.6 million, compared to positive $0.5 million in the first quarter of 2012.  The Gunite business is stabilizing, achieving positive operating income in March and significant gains in operating performance from its newly installed drum machining and slack adjuster assembly equipment.  This equipment has been fully commercialized and is operating at planned performance and cost levels.  The completion of the consolidation of hub machining at itsRockfordfacility led to temporary operating inefficiencies during the quarter; however, Gunite continues to pursue additional cost reductions in materials, logistics and distribution which are anticipated to improve its profitability.

Brillion Iron Works

Brillion Iron Works’ first quarter net sales were $30.4 million, down $13.4 million, or 30.6 percent, from the first quarter of 2012, while Adjusted EBITDA was $1.7 million, a drop of $2.7 million, or 61.4 percent, from the first quarter of 2012. Brillion continued to restructure its business in the quarter to accommodate the impact of ongoing weakness in its core construction, mining, and oil and gas markets.  A recovery in these markets is expected to begin sometime in the third or fourth quarter this year. In the interim, Brillion has significantly lowered its breakeven point and continues to identify opportunities to reduce costs.

Imperial

Imperial segment’s first quarter net sales were $29.5 million, a decline of $10.7 million, or 26.6 percent, from the same period in 2012 due to continued lower customer production volumes.  Imperial’s Adjusted EBITDA declined to negative $0.8 million in the first quarter of 2012 from a negative $0.3 million in last year’s first quarter.  Imperial results were affected by above-normal operating costs associated with press repairs and the consolidation of itsTennesseeoperations now targeted for completion by the end of April 2013.

Liquidity and Debt

As of March 31, 2013, total debt was $349.4 million, consisting of $304.4 million of our outstanding 9.5% senior secured notes, net of discount, and a $45.0 million draw on our ABL facility. As of March 31, 2013, the Company had $31.5 million of cash plus $33.0 million in availability under its ABL credit facility for total liquidity of $64.5 million.  

Outlook and Summary – Restoring Dependable Performance

“Although conditions in the Class 8 truck market are expected to remain soft for at least another quarter, order levels increased in the first quarter,” Dauch said.  “Anticipating continued healthy order levels, several of our OEM customers plan higher production activity in the second half of 2013.  The significant work we have completed in our operations has increased our capacity, improved our quality and delivery, and shortened our lead-times. These improvements position Accuride to capitalize on opportunities to grow share and deliver stronger results when the North American commercial vehicle industry returns.  With the ‘Fix’ investments now largely complete, we will continue to focus on improving the performance of our business and begin to focus our efforts to ‘Grow’ our core business.”

Earnings Conference Call Information

Accuride will hold a conference call to discuss its First Quarter 2013 financial and operational results on Wednesday April 24, 2013, beginning at 9:00 a.m. Central Time.  Analysts and investors may participate on the live conference call by dialing (877) 261-8992 in the United States, or (847) 619-6548 internationally, and using participant code 34735601.  A live webcast of the conference call can be accessed via the Investors section of the Company’s website at Accuridecorp.com/investors.  A replay of the call will be available from April 24, 2013, at 11:30 a.m. Central Time until May 1, 2012, at 11:59 p.m. Central Time by calling (888) 843-7419 in the United States, or (630) 652-3042 internationally, using access code 34735601.

About Accuride Corporation

With headquarters in Evansville, Ind., USA, Accuride Corporation is a leading supplier of components to the North American commercial vehicle industry. The company’s products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, and other commercial vehicle components. The company’s products are marketed under its brand names, which include Accuride^®, Accuride Wheel End Solutions^TM, Gunite^®, Imperial^TM and Brillion^TM. Accuride’s common stock trades on the New York Stock Exchange under the ticker symbol ACW. For more information, visit the Company’s website at http://www.accuridecorp.com.

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Download Full News Release (PDF),which also includes:

• Three Months Operating Results (unaudited)
• Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited)
• Consolidated Adjusted EBITDA (unaudited)
• Segment Adjusted EBITDA Reconciliation (unaudited)
• Condensed Consolidated Balance Sheets (unaudited)

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Contacts:

Investor Relations
Chad Monroe
Director of Corporate Development
Phone: (812) 962-5041
investor@accuridecorp.com

Media Relations
Timothy G. Weir, APR
Director of Public Affairs, Communications and Marketing
Phone: (812) 962-5128
webmaster@accuridecorp.com

The post Accuride Corporation Reports First Quarter 2013 Results, Boosts Liquidity appeared first on Accuride Corporation.

Analysts and investors may participate on the live conference call by dialing (877) 261-8992 in the United States, or (847) 619-6548 internationally, using participant code 34735601.  A live webcast of the conference call can be accessed via the Investors section of the Company’s website at Accuridecorp.com/investors.  A replay of the call will be available from April 24, 2013, at 10:30 a.m. Central Time until May 1, 2012, at 11:59 p.m. Central Time by calling (888) 843-7419 in the United States, or (630) 652-3042 internationally, using access code 34735601.

About Accuride Corporation

With headquarters in Evansville, Ind., USA, Accuride Corporation is a leading supplier of components to the North American commercial vehicle industry. The company’s products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, and other commercial vehicle components. The company’s products are marketed under its brand names, which include Accuride^®, Accuride Wheel End Solutions^TM, Gunite^®, Imperial^TM and Brillion^TM. Accuride’s common stock trades on the New York Stock Exchange under the ticker symbol ACW. For more information, visit the Company’s website at http://www.accuridecorp.com.

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Printer-Friendly Version (PDF)

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Contacts:

Investor Relations
Chad Monroe
Director of Corporate Development
Phone: (812) 962-5041
investor@accuridecorp.com

Media Relations
Timothy G. Weir, APR
Director of Public Affairs, Communications and Marketing
Phone: (812) 962-5128
webmaster@accuridecorp.com

The post Accuride to Host Call on April 24, 2013 to Discuss Its First Quarter 2013 Results appeared first on Accuride Corporation.

Position Description

 Company:  Accuride  

Location:  Henderson, KY

Basic Purpose

This position is accountable for ensuring that equipment, tooling and dies are maintained effectively and efficiently to increase equipment availability and reduce production downtime.

 Principal Accountabilities 

1. Coordinate and implement programs such as emergency, preventive and predictive maintenance and quick die change programs to insure optimum equipment capability.
2. Overseeing maintenance and job and die setting operations and effectively utilize manpower, machinery and materials to optimize the cost of changeovers and repairs to equipment, tools and dies.  
3. Recommend and implement systems and processes to improve maintenance services, productivity, product quality and employee safety.   
4. Identify training needs and capability “gaps”; Implements training and development plans for maintenance and job and die employees to ensure employee competency.
5. Analyze downtime and coordinate the scheduling of maintenance and line changeovers.
6. Resolve issues that impact employee and/or operational effectiveness and ensures achievement of team and organizational goals.
7. Administer company policies and procedures.  Ensures policies and procedures are consistently applied and are not compromised by new practices or interpretations that are inconsistent with business objectives, strategies and/or goals.
8. Analyze operating performance and make recommendations for continuous improvement.
9. Promote safety awareness, implement safety guidelines and programs, evaluate reasons for accidents and injuries and recommend actions to correct safety problems and improve employee safety.  
10. Continuously improve maintenance processes by leveraging personal and team knowledge and expertise.
11. Prepare reports and document departmental, team and individual performance.  Communicate results to individuals, teams and management and implement processes to improve maintenance effectiveness and quality, safety and financial performance.

The post Support Services Coordinator appeared first on Accuride Corporation.

Maintenance technicians may do electrical, mechanical or multi-craft functions and are responsible for:

● Maintaining automated, semi-automated and non-automated production machines and equipment
● Keeping production flowing
● Meeting performance goals
● Maintaining high level of product and process quality.

A Maintenance Technician may do various types of mechanical and electrical work on production machinery and equipment, as well as perform facility maintenance functions. They may work alone or in teams, they must collaborate to solve problems, be responsive to their customers and take initiative required to ensure that machines and equipment functioning are optimized.

Principal Accountabilities

Maintains and repairs various manual, automatic or semi-automatic production machines such as robots, hard automation, mechanical and hydraulic presses and hydraulic and pneumatic forming and cutting machines.

Duties include:
• Removing, replacing and/or repairing manual, automatic or semi-automatic production machines, robotic equipment and maintenance equipment.
• Identifying specific vendors for tasks and ordering parts for machines and equipment repairs
• Reading and interpreting blueprints, machine drawings, schematics, etc.
• Troubleshooting equipment problems.
• Troubleshooting and repairing programmable controllers.
• Troubleshooting and repairing robots.
• Troubleshooting and repairing CNC controls.
• Training production technicians and process technicians to do minor maintenance functions.
• Perform or ensure that preventive maintenance tasks are completed
• Staying current and updating PM procedures.

The post Maintenance Technician appeared first on Accuride Corporation.

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The Company’s stockholders of record at the close of business on April 17, 2013, will be entitled to receive notice of the annual meeting and to vote upon matters considered at the meeting. Additional information regarding the annual meeting will be provided in the company’s Notice of Annual Meeting which will be mailed together with proxy materials to shareholders of record.

About Accuride Corporation

With headquarters in Evansville, Ind., USA, Accuride Corporation is a leading supplier of components to the North American commercial vehicle industry. The company’s products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, and other commercial vehicle components. The company’s products are marketed under its brand names, which include Accuride^®, Accuride Wheel End Solutions^TM, Gunite^®, Imperial^TM and Brillion^TM. Accuride’s common stock trades on the New York Stock Exchange under the ticker symbol ACW. For more information, visit the Company’s website at http://www.accuridecorp.com.

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Printer-Friendly Version (PDF) 

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Contacts:

Investor Relations
Chad Monroe
Director of Corporate Development
Phone: (812) 962-5041
investor@accuridecorp.com

Media Relations
Timothy G. Weir, APR
Director of Public Affairs, Communications and Marketing
Phone: (812) 962-5128
webmaster@accuridecorp.com

The post Accuride Corporation Sets Date of 2013 Annual Meeting of Stockholders appeared first on Accuride Corporation.

“VIPAR Heavy Duty has had a long term relationship with Accuride Corporation in the U.S., Canada, and Mexico,” said Steve Crowley, president and CEO, VIPAR Heavy Duty. “This new agreement recognizes the strong commitment that Accuride continues to show in the aftermarket through their investment in the infrastructure and personnel to support this program.”

Products in the program include wheel band spacers, steel and aluminum wheels, and demountable rims from Accuride Wheels; brake drums, spoke wheels, air disc brakes, rotors, disc wheel hubs and automatic slack adjusters from Gunite; and Imperial fuel tanks, in-frame battery boxes and custom fit bumpers.

“Accuride is proud of our long-standing support of VIPAR, its stockholders and customers,” said Rick Dauch, President and CEO of Accuride Corporation.  “The quality and geographic alignment of VIPAR stockholders ensures a strong distribution channel across North America for our products and make this agreement a win for both organizations.  Accuride’s strategic focus on delivering more dependable performance for VIPAR and our Aftermarket customers led us to invest more than $150 million in operational improvements in our business in 2011-2013.  The resulting step-change gains we’re seeing in our quality, delivery, and lead time performance make long-term agreements like this possible.”

For more information on VIPAR Heavy Duty, visit www.vipar.com or e-mail: info@vipar.com.  For more information on Accuride Corporation, visit www.AccurideCorp.com.

About VIPAR Heavy Duty

VIPAR Heavy Duty is North America’s leading network of independent aftermarket truck parts distributors. VIPAR Heavy Duty distributors serve the needs of their customers from over 500 locations across the United States, Canada, Puerto Rico, and Mexico. VIPAR Heavy Duty distributors are specialists who understand the demands of their local, regional, and national customers for quality parts and exceptional service. For more information, visit www.vipar.com.

About Accuride

With headquarters in Evansville, Ind., USA, Accuride Corporation is a leading supplier of components to the North American commercial vehicle industry. The company’s products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, and other commercial vehicle components. The company’s products are marketed under its brand names, which include Accuride^®, Accuride Wheel End Solutions^TM, Gunite^®, Imperial^TM and Brillion^TM.  For more information, visit the Company’s website at http://www.accuridecorp.com.

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Printer-Friendly Version (PDF)

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Contacts:

Investor Relations
Chad Monroe
Director of Corporate Development
Phone: (812) 962-5041
investor@accuridecorp.com

Media Relations
Timothy G. Weir, APR
Director of Public Affairs, Communications and Marketing
Phone: (812) 962-5128
webmaster@accuridecorp.com

The post VIPAR Heavy Duty and Accuride Announce New Three-Year Agreement appeared first on Accuride Corporation.