Tower International said revenue for the fourth quarter was US$538m compared with $462m in the fourth quarter of 2016, a 16% increase.

But the supplier made a $3.9m net loss compared with profit of $16.9m.

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The fourth quarter included a non cash charge of $27.2m related to US tax reform legislation as well as other items that, in total, adversely impacted results by $28.4m.

Adjusted EBITDA was up 9% to $61.1m.

Tower said its three year new business backlog was $350m for 2018 through 2020, up 20% from a year ago.

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"Tower delivered solid financial results in the fourth quarter as revenue, adjusted EBITDA, adjusted EPS and free cash flow were all above our previous outlook," said CEO Jim Gouin.

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"The Tower team did a great job throughout 2017, remaining focused on safety and quality, while meeting our customers' requirements and delivering impressive financial results. We continue to invest in Tower's growth, and are benefiting from the emerging industry trends, as demonstrated by the $350m of net new business backlog.

"This new business coupled with our exposure to trucks and SUVs in North America position Tower for continued growth in the coming years at a faster pace than the industry."