Accuride Corporation Reports Results for 2004.

EVANSVILLE, Ind. -- Accuride Corporation today announced net sales of $138.5 million for the fourth quarter ended December 31, 2004. This compares to net sales of $94.4 million for the fourth quarter of 2003, an increase of 46.7%. The increase is primarily the result of the continuing cyclical recovery in the commercial vehicle industry. For the year ended December 31, 2004, net sales were $494.0 million compared to net sales of $364.3 million for the same twelve-month period in 2003, an increase of 35.6%.

Adjusted EBITDA of $30.4 million for the fourth quarter ended December 31, 2004, is up from $19.0 million for the fourth quarter of 2003, an increase of 60.0%. For the year ended December 31, 2004, Adjusted EBITDA increased by $34.2 million, or 47.4%, from $72.1 million in 2003 to $106.3 million. The purpose and reconciliation of Adjusted EBITDA for the Company to the most directly comparable GAAP measure is set forth on pages 4-6 of this press release.

The Company's liquidity position remained strong at December 31, 2004, with $71.8 million in cash and revolver availability of $41.0 million.

Accuride had net income of $5.2 million for the fourth quarter ended December 31, 2004, compared to net income of $0.6 million for the fourth quarter of 2003. For the year ended December 31, 2004, net income was $21.8 million compared to a net loss of $8.7 million for the same twelve-month period in 2003.

As previously announced, Accuride Corporation completed its acquisition of Transportation Technologies Industries, Inc. (TTI) and related refinancing on January 31, 2005. The combined company will offer the trucking industry a one-stop component sourcing solution and expects to become one of the largest suppliers to the heavy/medium commercial vehicle industry. For the year ended December 31, 2004, pro forma net sales were $1,082.3 million with pro forma Adjusted EBITDA and net income of $160.1 million and $21.6 million, respectively, before consideration of any synergies. The purpose and reconciliation of Adjusted EBITDA for the Company to the most directly comparable GAAP measure is set forth on pages 4-6 of this press release.

The Company will not be hosting its usual quarterly earnings call for this quarter due to the filing of a S-1 Registration Statement with the SEC, in connection with its proposed initial public offering of its common stock.

Accuride Corporation is one of the largest and most diversified manufacturers and suppliers of commercial vehicle components in North America. Accuride's products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, seating assemblies and other commercial vehicle components. Accuride's products are marketed under its brand names, which include Accuride, Gunite, Imperial, Bostrom, Fabco and Brillion. For more information, visit Accuride's website at http://www.accuridecorp.com.

Statements contained in this news release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's expectations, hopes, beliefs and intentions on strategies regarding the future and statements related to the effect of the TTI acquisition on Accuride's future results. It is important to note that the Company's actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including but not limited to, the ability to successfully integrate the above described acquisition, market demand in the commercial vehicle industry, general economic, business and financing conditions, labor relations, governmental action, competitor pricing activity, expense volatility and other risks detailed from time to time in the Company's Securities and Exchange Commission filings. Accuride assumes no obligation to update the information included in this release.

The unauditied pro forma consolidated statement of operations have been adjusted to give effect to acquisition and related financings as if these events occurred on January 1, 2004. The unaudited pro forma financial data are for informational purposes only and does not purport to present what our results of operations and financial condition would have been had the acquisition and related financing actually occurred on these earlier dates, nor do they project our results of operations for any future period or our financial condition in the future. In addition, the pro forma adjustments, as described herein, may differ from preliminary estimates when the respective transactions occur or the purchase accounting analysis is complete.

ACCURIDE CORPORATION
                CONSOLIDATED STATEMENTS OF OPERATIONS
                        (DOLLARS IN THOUSANDS)

                              Historical Results           Pro Forma
                    -------------------------------------  ----------
                     Three Months Ended     Year Ended     Year Ended
                         December 31,       December 31,  December 31,
                    ------------------- -----------------
                       2004      2003     2004     2003       2004
                    ---------- -------- -------- --------  ----------
                         (unaudited)                       (unaudited)

NET SALES           $  138,513 $ 94,364 $494,008 $364,258  $1,082,348
COST OF GOODS SOLD     108,686   78,820  390,893  301,428     903,010
                    ---------- -------- -------- --------  ----------
GROSS PROFIT            29,827   15,544  103,115   62,830     179,338

OPERATING EXPENSES:
 Selling, General &
  Administrative         7,003    6,225   25,550   23,918      69,679
 Severance Expense
  for former CEO             -        -        -        -       3,460
 Merger Costs                -        -        -        -         952
 Loss on Disposition
  of PP&E                    -        -        -        -       2,203
 Failed IPO Expense          -        -        -        -       2,908
                    ---------- -------- -------- --------  ----------

INCOME FROM
 OPERATIONS             22,824    9,319   77,565   38,912     100,136

OTHER INCOME
 (EXPENSE):
 Interest Income           134       72      244      252         244
 Interest (Expense)     (9,599) (10,224) (37,089) (38,865)    (51,645)
 Refinancing Costs           -        -        -  (11,264)          -
 Equity in Earnings
  of Affiliates            205       24      646      485         646
 Other Income, Net       1,050    1,405      108      825         108
                    ---------- -------- -------- --------  ----------

INCOME (LOSS) BEFORE
 INCOME TAXES           14,614      596   41,474   (9,655)     49,489

INCOME TAX PROVISION
 (BENEFIT)               9,372       (3)  19,698     (930)     27,887
                    ---------- -------- -------- --------  ----------

NET INCOME (LOSS)   $    5,242 $    599 $ 21,776 $ (8,725) $   21,602
                    ========== ======== ======== ========  ==========


                         ACCURIDE CORPORATION
                     CONSOLIDATED ADJUSTED EBITDA
                        (DOLLARS IN THOUSANDS)
                             (UNAUDITED)

                              Historical Results           Pro Forma
                      ----------------------------------- ------------
                      Three Months Ended   Year Ended     Year Ended
                         December 31,     December 31,    December 31,
                      ----------------- -----------------
                        2004     2003     2004     2003       2004
                      -------- -------- -------- -------- ------------

NET INCOME (LOSS)        5,242      599   21,776  (8,725)      21,602
Net Interest Expense     9,465   10,152   36,845  49,877       51,401
Income Tax Expense
 (Benefit)               9,372       (3)  19,698    (930)      27,887
Depreciation and
 Amortization            8,502    8,739   28,438  29,804       47,687
                      -------- -------- -------- -------- ------------
EBITDA                  32,581   19,487  106,757  70,026      148,577
Restructuring,
 severance and other
 charges (1)            (1,152)     917     (319)  2,886       11,616
Items related to our
 credit agreement (2)   (1,050)  (1,405)    (108)   (825)        (108)
                      -------- -------- -------- -------- ------------
ADJUSTED EBITDA        $30,379  $18,999 $106,330 $72,087     $160,085
                      ======== ======== ======== ======== ============

1) For the three months ended December 31, 2004, Adjusted EBITDA represents net income (loss) before net interest expense, income tax (expense) benefit, depreciation and amortization, plus (i) ($1.8) million for the insurance proceeds associated with the fire damage and resulting business interruption sustained at our facility in Cuyahoga Falls, Ohio in August 2003, and (ii) $0.6 for costs associated with roof damage and resulting business interruption sustained at our facility in Cuyahoga Falls, Ohio. Items (i) and (ii) affected gross profit in 2004. For the three months ended December 31, 2003, Adjusted EBITDA represents net income (loss) before net interest expense, income tax (expense) benefit, depreciation and amortization, plus (i) $0.9 million for costs associated with the fire damage and resulting business interruption sustained at our facility in Cuyahoga Falls, Ohio, in August 2003. Item (i) affected gross profit in 2003. For the year ended December 31, 2004, Adjusted EBITDA represents net income (loss) before net interest expense, income tax (expense) benefit, depreciation and amortization, plus (i) ($1.8) million for the insurance proceeds associated with the fire damage and resulting business interruption sustained at our facility in Cuyahoga Falls, Ohio in August 2003, and (ii) $0.3 million for costs associated with the fire damage and resulting business interruption sustained at our facility in Cuyahoga Falls, Ohio, in August 2003, (iii) $1.2 for costs associated with roof damage and resulting business interruption sustained at our facility in Cuyahoga Falls, Ohio. Items (i), (ii) and (iii) affected gross profit in 2004. For the year ended December 31, 2003, Adjusted EBITDA represents net income (loss) before net interest expense, income tax (expense) benefit, depreciation and amortization, plus (i) $0.4 million for strike contingency costs associated with recent renewal of our labor contract at our facility in Erie, Pennsylvania, (ii) $0.3 million for pension related costs at our facility in London, Ontario, and (iii) $2.2 million for costs associated with the fire damage and resulting business interruption sustained at our facility in Cuyahoga Falls, Ohio, in August 2003. Items (i), (ii) and (iii) affected gross profit in 2003. For the year ended December 31, 2004, pro forma Adjusted EBITDA represents net income (loss) before net interest expense, income tax (expense) benefit, depreciation and amortization, plus (i) ($1.8) million for the insurance proceeds associated with the fire damage and resulting business interruption sustained at our facility in Cuyahoga Falls, Ohio, in August 2003, and (ii) $0.3 million for costs associated with the fire damage and resulting business interruption sustained at our facility in Cuyahoga Falls, Ohio, in August 2003, (iii) $1.2 for costs associated with roof damage and resulting business interruption sustained at our facility in Cuyahoga Falls, Ohio, (iv) $0.4 million related to professional fees in connection with TTI's proposed IPO, (v) $2.2 million associated with TTI's impairment loss related to assets at its Erie, Pennsylvania, facility, (vi) $2.9 million related to TTI's aborted IPO in August 2004, (vii) $1.0 million related to TTI's merger with Accuride in December 2004, (viii) $3.5 million of severance costs related to the retirement of TTI's former CEO, (ix) $2.1 million to reflect the sale of inventory that has been adjusted to fair value as part of the TTI merger. Items (i), (ii), (iii) and (ix) affected gross profit and items (iv), (v), (vi), (vii) and (viii) affected SG&A in 2004.

2) Items related to our credit agreement refer to amounts utilized in the calculation of financial covenants in Accuride's senior credit facility. For the three months ended December 31, 2004, items related to our credit agreement consist of foreign currency gains of $1.1 million. For the three months ended December 31, 2003, items related to our credit agreement consist of foreign currency gains and other income of $1.4 million. For the year ended December 31, 2004, items related to our credit agreement consist of foreign currency gains and other income of $0.1 million. For the year ended December 31, 2003, items related to our credit agreement consist of foreign currency gains and other expenses of $0.8 million.

Note:

Adjusted EBITDA is not intended to represent cash flow as defined by generally accepted accounting principles ("GAAP") and should not be considered as an indicator of cash flow from operations. Adjusted EBITDA represents income from operations plus depreciation plus equity in earnings of affiliates plus non-recurring items. However, other companies may calculate Adjusted EBITDA differently. Accuride has included information concerning Adjusted EBITDA in this press release because Accuride's management and our board of directors use it as measure of our performance to internal business plans to which a significant portion of management incentive programs are based. In addition, future investment and capital allocation decisions are based on Adjusted EBITDA. Investors and industry analysts use Adjusted EBITDA to measure the Company's performance to historic results and to the Company's peer group. The Company has historically provided the measure in previous press releases and believes it provides transparency and continuity to investors for comparable purposes. Certain financial covenants in our borrowing arrangements are tied to similar measures.