Accuride Corporation Returns to Profitability in Fourth Quarter of 2011

Accuride Corporation (NYSE: ACW), a leading supplier of components to the commercial vehicle industry, today reported financial results for the fourth quarter and fiscal year ended December 31, 2011.

Fourth Quarter 2011 ResultsAccuride achieved fourth quarter 2011 net sales from continuing operations of $242.5 million, compared with $175.7 million in the same period in 2010, an increase of 38.0 percent, with each business segment posting double-digit gains. Net income for the quarter was $4.1 million, while Adjusted EBITDA was $24.3 million, an increase of $11.9 million, or 96.0 percent, over the fourth quarter of fiscal year 2010. The Company’s fourth quarter Adjusted EBITDA margin was 10.0 percent, compared to 7.1 percent in the same quarter of 2010. Cash and cash equivalents were $56.9 million at quarter end. Free cash flow was $18.2 million for the quarter.

“Increasing production volumes, driven by rapidly recovering Class 8 truck and trailer demand, helped drive our fourth quarter performance and gave us solid momentum going into 2012,” said Accuride President and CEO Rick Dauch. “The increased demand had the greatest impact on the performance of our Accuride Wheels business and validates our decision to expand our aluminum wheel capacity. In addition, our margins are beginning to reflect the impact of greater operating efficiencies and working capital performance as we execute our ‘Fix and Grow’ strategy.”

Fiscal Year 2011 ResultsNet sales from continuing operations for the fiscal year ended December 31, 2011 were $936.1 million, compared with $674.0 million in the prior year, an increase of 38.9 percent. The sales growth resulted from the continued strong demand from the Company’s commercial vehicle customers, as well as the benefits of increased pricing in the Company’s Gunite and Brillion businesses. The Company reported a fully diluted loss per share of $0.36 for the year ended December 31, 2011. Included in the loss per share was $0.30 related to losses recognized as part of the sale of assets of the Company’s Fabco Automotive and Bostrom Seating businesses, and acquisition costs related to the assets in Camden, South Carolina. Adjusted EBITDA from continuing operations for fiscal-year 2011 was $80.9 million, compared to $49.6 million in the prior year, an increase of 63.1 percent. Cash was $56.9 million at year end, while free cash flow was negative $59.9 million for the year which included $58.4 million of capital expenditures.

“2011 represented a year of transformation for Accuride,” Dauch continued. “Our new leadership team has developed and is executing a ’Fix and Grow’ strategy aimed at restoring our reputation as a dependable supplier to our customers and as a reliable, profitable investment for our shareholders. In an effort to increase our focus on our core wheel and wheel-end systems businesses we divested non-core businesses and acquired new aluminum wheel production capacity in Camden, South Carolina. We also developed and began the execution of a two year, $110 million capital investment program to restore operational excellence in our core businesses. This means that we will have production capacity available where and when our customers need it, using more standardized processes to achieve higher levels of product quality and reliability.”

Industry ConditionsThe commercial vehicle industry segments Accuride supplies (North America Class 5-8 vehicles, U.S. Trailers, and the related aftermarket channels) continued their year-over-year improvement in the fourth quarter due to a historically high fleet age, healthy fleet profitability, and strong equipment replacement demand. Production rose across all segments during the fourth quarter, with Class 8 builds up 71.5 percent year-over-year, and the Class 5-7 and U.S. Trailer segment production increasing 24.4 percent and 45.2 percent, respectively. Overall, each commercial vehicle segment is expected to continue to increase production into 2012. The risks associated with supply constraints within the industry and the continued slow pace of economic expansion still remain, but they appear to be diminishing.

Fourth Quarter Business Segment Results

Accuride WheelsOur Wheels segment net sales were $106.2 million, up $30.8 million, or 40.8 percent, from the same period of 2010. Wheels Adjusted EBITDA was $29.8 million, an increase of $14.1 million, or 89.8 percent from the fourth quarter of 2010. The improvements were driven largely by increased sales of both steel and aluminum wheels to North American OEM and aftermarket customers. We continue to see strong demand for aluminum wheels being driven by the need for fleets to reduce fuel and maintenance costs, along with total vehicle weight. Increasing demand for aluminum wheels validates the aluminum wheel capacity investments Accuride made during 2011. The Company plans further aluminum wheel capacity investments in 2012-2013.

GuniteGunite segment net sales were $61.4 million, up $11.8 million, or 23.8 percent, from the fourth quarter of 2010 on higher industry volumes. Gunite’s Adjusted EBITDA was $1.2 million, compared to $0.7 million in the same period of 2010. Gunite’s new leadership team is having a positive impact on the operations, while preparing for the on-time arrival of new machining equipment. The operational improvements have helped Gunite recover from its earlier manufacturing constraint situation by improving the productivity of Gunite’s existing hub and drum machining operations. This output enabled the business to build an inventory bank of brake drums for the traditional spring truck maintenance season. Costs from customer-required on-site inspections stemming from Gunite’s earlier quality issue dampened earnings; however, Gunite is on track to satisfy all requirements for discontinuing the additional inspections in the first half of 2012.

Brillion Iron WorksBrillion Iron Works’ fourth quarter net sales were $36.7 million, up $7.1 million, or 24.0 percent, from the same period in 2010, while Adjusted EBITDA declined slightly year-over-year to $1.9 million. In October, Brillion experienced a significant equipment failure that disrupted operations on a major casting line for 7-10 days and resulted in higher maintenance and overtime costs. However, the business is seeing the benefit of increased pricing as capacity remains tight in the North American casting industry. We are currently assessing strategic options for Brillion – which is non-core to Accuride’s wheel and wheel-end systems business – including its potential divestiture.

ImperialAt $38.3 million in the fourth quarter, Imperial’s net sales increased 81.5 percent over the same period in 2010 due to higher customer build rates. Adjusted EBITDA for the business improved to $0.6 million in the fourth quarter from $0.2 million in the same period last year. Imperial completed the physical consolidation of certain assets from its Portland, Tennessee, and Chehalis, Washington, facilities into its Decatur, Texas plant by year-end. However, the Decatur facility experienced significant operating inefficiencies in adjusting to the higher production volumes and expanded product portfolio. The Imperial team is focused on achieving optimal output from its transferred equipment, and we expect Imperial’s profitability to improve significantly in early 2012.

2011 Liquidity and DebtAs of December 31, 2011, the Company had cash of $56.9 million and total debt of $323.1 million. This consisted of our $310.0 million senior secured notes, net of discount, and a $20.0 million draw on its ABL facility. In the fourth quarter of 2011, the Company had cash from operations of $33.6 million and capital spending of $15.4 million, resulting in free cash flow of $18.2 million. Total liquidity at the end of the quarter was $99.0 million. On February 7, 2012, the Company entered into an incremental commitment agreement in which lenders agreed to provide an additional $25.0 million in aggregate commitments under the Company’s asset-backed loan (ABL) credit agreement. Additionally, on February 10, 2012, Gunite Corporation, a wholly owned subsidiary of Accuride Corporation, entered into an agreement to lease $15.0 million in equipment.

Outlook and Summary – 2012 A Year of Execution“With the restructuring efforts to fix the business that we initiated in 2011 setting the stage, 2012 becomes a year of execution for the Accuride team,” Dauch added. “Because the commercial vehicle market is projected to continue growing through 2014-2015, our work this year focuses on executing the plans that will enable us to capitalize on rising market demand. Our highest priorities are completing Gunite’s operational turnaround, successfully launching the additional aluminum wheel capacity, improving Imperial’s operating performance, and implementing common LEAN Manufacturing systems companywide. In addition, we will target additional cost reductions and working capital improvements by fully revamping our supply chain, which today represents more than half of our cost of goods sold.”

Chief Financial Officer Greg Risch stated, “We are projecting 2012 net sales to be in the range of $1,000 to $1,025 million, and fully diluted earnings per share to be in the range of $0.07 to $0.15. We expect Adjusted EBITDA to be in the range of $100 to $105 million for the year. Our ‘Fix and Grow’ strategy is focused on serving the North American commercial vehicle market in a cost-effective manner, while creating sustainable improvements in quality and delivery.”

Earnings Conference Call InformationAccuride will hold a conference call to discuss the financial and operational results of its fourth quarter and full-year fiscal 2011 on Thursday, March 1, 2012, beginning at 9:00 a.m. Central Time. Analysts and investors may participate by dialing (866) 831-6291 in the United States, or (617) 213-8860 internationally, and using participant code 50380262. A live webcast of the conference call can be accessed via the Investor Information section of the Company’s website at www.accuridecorp.com. A replay will be available March 1, 2012, at 11:00 a.m. CST until midnight, March 8, 2012, by calling (888) 286-8010 in the United States, or (617) 801-6888 internationally, using access code 24701158.

Information covered on the call and financial results for the three-month and full-year period ended December 31, 2011 will be available in the Investor Relations section of the company's website at http://www.accuridecorp.com.

Fresh-Start ReportingUpon Accuride Corporation’s emergence from Chapter 11 bankruptcy proceedings on February 26, 2010, we adopted fresh-start accounting in accordance with the provisions of ASC 852 Reorganizations (ASC 852), pursuant to which the midpoint of the range of our reorganization value was allocated to our assets and liabilities in conformity with the procedures specified by ASC 805, “Business Combinations.” The results for the ten-month period ended December 31, 2010 (references to the Company for such period, the “Successor”) and the results for the two-month period ended February 26, 2010 (references to the Company for such periods, the “Predecessor”) are presented separately. This presentation is required by GAAP, as the Successor is considered to be a new entity for financial reporting purposes, and the results of the Successor reflect the application of fresh-start reporting. Accordingly, the Company’s financial statements after February 26, 2010, are not comparable to its financial statements for any period prior to its emergence from Chapter 11, unless otherwise noted.

About Accuride CorporationWith headquarters in Evansville, Indiana, Accuride Corporation is a leading supplier of components to the 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®, Gunite®, ImperialTM and BrillionTM. 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.

Forward-Looking StatementsStatements contained in this news release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding Accuride’s expectations, hopes, beliefs, and intentions with respect to future results. Such statements are subject to the impact on Accuride’s business and prospects generally of, among other factors, 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 Accuride’s Securities and Exchange Commission filings, including those described in Item 1A of Accuride’s Annual Report on Form 10-K for the fiscal year ended December 31, 2010. Any forward-looking statement reflects only Accuride’s belief at the time the statement is made. Although Accuride believes that the expectations reflected in these forward-looking statements are reasonable, it cannot guarantee its future results, levels of activity, performance or achievements. Except as required by law, Accuride undertakes no obligation to update any forward-looking statements to reflect events or developments after the date of this news release.

Three Months Operating Results

Three Months Ended December 31, (Dollars in thousands) 2011 2010 Net sales: Wheels $ 106,157 43.8 % $ 75,403 42.9 % Gunite 61,368 25.3 % 49,600 28.2 % Brillion Iron Works 36,662 15.1 % 29,595 16.9 % Imperial Group 38,312 15.8 % 21,122 12.0 % Total net sales $ 242,499 100.0 % $ 175,720 100.0 % Gross Profit $ 21,839 9.0 % $ 11,509 6.5 % Income (loss) from Operations: Wheels $ 18,832 17.7 % $ 6,591 8.7 % Gunite (778 ) (1.3 )% (1,478 ) (3.0 )% Brillion Iron Works 512 1.4 % (1,792 ) (6.1 )% Imperial Group (37 ) (0.1 )% 1,501 7.1 % Corporate / Other (9,009 ) — % (12,588 ) — % Consolidated Total $ 9,520 3.9 % $ (7,766 ) (4.4 )% Net income (loss) $ 4,073 1.7 % $ (110,865 ) (63.1 )% Adjusted EBITDA Wheels $ 29,782 28.1 % $ 15,654 20.8 % Gunite 1,190 1.9 % 704 1.4 % Brillion Iron Works 1,923 5.2 % 2,098 7.1 % Imperial Group 616 1.6 % 192 0.9 % Corporate / Other (9,184 ) — % (6,227 ) — % Continuing Operations $ 24,327 10.0 % $ 12,421 7.1 % Bostrom Seating — — % 6 — % Fabco Automotive — — % 2,191 — % Brillion Farm — — % 503 — % Consolidated Total $ 24,327 10.0 % $ 15,121 8.6 %

Fiscal Year Operating Results

Successor Predecessor (Dollars in thousands)

Year EndedDecember 31,2011

Period fromFebruary 26,2010 toDecember 31,2010

Period fromJanuary 1,2010 toFebruary 26,2010

Net sales: Wheels $ 406,587 43.4 % $ 247,673 42.5 % $ 38,379 41.9 % Gunite 251,113 26.8 % 175,352 30.1 % 29,804 32.5 % Brillion Iron Works 146,837 15.7 % 90,492 15.6 % 11,442 12.5 % Imperial Group 131,558 14.1 % 68,790 11.8 % 12,022 13.1 % Total net sales $ 936,095 100.0 % $ 582,307 100.0 % $ 91,647 100.0 % Gross Profit $ 80,811 8.6 % $ 40,448 6.9 % $ 2,250 2.5 % Income (loss) from Operations: Wheels $ 57,864 14.2 % $ 23,577 9.5 % $ 2,663 6.9 % Gunite (1,785 ) (0.7 )% 2,623 1.5 % 277 0.9 % Brillion Iron Works 2,301 1.6 % (1,171 ) (1.3 )% (986 ) (8.6 )% Imperial Group 3,141 2.4 % (579 ) (0.8 )% (1,011 ) (8.4 )% Corporate / Other (37,609 ) — % (38,149 ) — % (5,172 ) — % Consolidated Total $ 23,912 2.6 % $ (13,699 ) (2.4 )% $ (4,229 ) (4.6 )% Net income (loss) $ (17,031 ) (1.8 )% $ (126,532 ) (21.7 )% $ 50,802 55.4 % Adjusted EBITDA Wheels $ 99,037 24.4 % $ 53,944 21.8 % $ 7,052 18.4 % Gunite 6,571 2.6 % 11,661 6.7 % 1,999 6.7 % Brillion Iron Works 8,205 5.6 % 5,421 6.0 % (50 ) (0.4 )% Imperial Group 5,524 4.2 % 403 0.6 % (233 ) (1.9 )% Corporate / Other (38,402 ) — % (24,787 ) — % (5,761 ) — % Continuing Operations $ 80,935 8.6 % $ 46,642 8.0 % $ 3,007 3.3 % Bostrom Seating (22 ) — % (155 ) — % (230 ) — % Fabco Automotive 5,172 — % 12,638 — % 1,067 — % Brillion Farm — — % 2,430 — % 839 — % Consolidated Total $ 86,085 9.2 % $ 61,555 10.6 % $ 4,683 5.1 %

ACCURIDE CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

Successor Predecessor

Year EndedDecember 31,

Period fromFebruary 26 toDecember 31,

Period fromJanuary 1 toFebruary 26,

(In thousands except per share data) 2011 2010 2010 NET SALES $ 936,095 $ 582,307

91,647 COST OF GOODS SOLD 855,284 541,859 89,397 GROSS PROFIT (LOSS) 80,811 40,448 2,250 OPERATING EXPENSES: Selling, general and administrative 56,899 54,147 6,479 INCOME (LOSS) FROM OPERATIONS 23,912 (13,699 ) (4,229 ) OTHER INCOME (EXPENSE): Interest income 46 143 54 Interest expense (34,143 ) (33,593 ) (7,550 ) Gain on mark to market valuation of convertible debt — 75,574 — Inducement expense — (166,691 ) — Other income, net 3,596 2,575 566 LOSS BEFORE REORGANIZATION ITEMS AND INCOME TAXES FROM CONTINUING OPERATIONS (6,589 ) (135,691 ) (11,159 ) Reorganization expense (income) — — (59,311 ) INCOME (LOSS) BEFORE INCOME TAXES FROM CONTINUING OPERATIONS (6,589 ) (135,691 ) 48,152 INCOME TAX PROVISION (BENEFIT) 7,761 (2,207 ) (1,931 ) INCOME (LOSS) FROM CONTINUING OPERATIONS (14,350 ) (133,484 ) 50,083 DISCONTINUED OPERATIONS, NET OF TAX (2,681 ) 6,952 719 NET INCOME (LOSS) $ (17,031 ) $ (126,532 )

50,802 Weighted average common shares outstanding—basic 47,277 15,670 47,572 Basic income (loss) per share – continuing operations $ (0.30 ) $ (8.52 ) $ 1.05 Basic income (loss) per share – discontinued operations (0.06 ) 0.45 0.02 Basic income (loss) per share $ (0.36 ) $ (8.07 ) $ 1.07 Weighted average common shares outstanding—diluted 47,277 15,670 47,572 Diluted income (loss) per share – continuing operations $ (0.30 ) $ (8.52 ) $ 1.05 Diluted income (loss) per share – discontinued operations (0.06 ) 0.45 0.02 Diluted income (loss) per share $ (0.36 ) $ (8.07 ) $ 1.07

ACCURIDE CORPORATION

CONSOLIDATED ADJUSTED EBITDA

(UNAUDITED)

Historical Results Successor Predecessor Combined

Year EndedDecember 31,

Period fromFebruary 26 toDecember 31,

Period fromJanuary 1 toFebruary 26,

Year EndedDecember 31,

(In thousands) 2011 2010 2010 2010 Net income (loss) $ (17,031 ) $ (126,532 ) $ 50,802 $ (75,730 ) Income tax expense (benefit) 7,408 1,591 (1,534 ) 57 Interest expense, net 34,097 33,450 7,496 40,946 Depreciation and amortization 51,278 43,759 7,532 51,291 Restructuring, severance and other charges1 4,806 19,091 (59,092 ) (40,001 ) Other items related to our credit agreement2 5,527 90,196 (521 ) 89,675 Adjusted EBITDA $ 86,085 $ 61,555 $ 4,683 $ 66,238

Note:

For the year ended December 31, 2011, Adjusted EBITDA represents net income before net interest expense, income tax expense, depreciation and amortization, plus $4.8 million in costs associated with restructuring, acquisition, and divestiture items. For the year ended December 31, 2010, Adjusted EBITDA represents net income before net interest expense, income tax expense, depreciation and amortization, less $40.0 million in benefits associated with restructuring and reorganization items.

Items related to our credit agreement refer to amounts utilized in the calculation of financial covenants in Accuride’s senior credit facility. For the year ended December 31, 2011, items related to our credit agreement consisted of foreign currency income and other net income of $5.5 million. For the year ended December 31, 2010, items related to our credit agreement consisted of foreign currency losses and other income or expenses of $89.7 million.

ACCURIDE CORPORATION

SEGMENT ADJUSTED EBITDA RECONCILIATION

(UNAUDITED)

Three Months Ended December 31, 2011 (In thousands)

Income (loss)fromOperations