Operational turnaround for automotive metal supplier

The client

A $65 million division of a Tier 1 automotive metal supplier.

The challenge

• Losing -5% EBITDA
• Liquidity crisis threatening current production and several new product launches
• Lack of timely and accurate financial data

The solution

• Stabilized and controlled short-term cash
• Provided financial and operational forecasting to support intensive negotiations with bank, OEMs
• Coordinated supplier deliveries and payments with customer and financial advisors
• Interim general manager of division

The benefit

• No interruption to production
• Improved uptime by 30%
• Flawless launch
• Consolidation of three plants
• 9% positive EBITDA in five months with very little capital expenditures