Hayes Lemmerz International, Inc. (Nasdaq: HAYZ) today reported financial results for its fiscal year ended January 31, 2007. The results were in line with preliminary results announced on March 16, 2007 and with guidance the Company provided to investors in December 2006.

For the fiscal year, the automotive and commercial highway wheels and components maker reported sales of $2.06 billion, up 5.1% from sales of $1.96 billion in the prior fiscal year. Earnings from operations were $4.8 million for fiscal 2006, compared with a year earlier loss from operations of $215.2 million, which included $185.5 million of goodwill impairment charges. Capital expenditures for the fiscal year were $80.8 million, down from $95.2 million a year earlier. The foregoing results exclude the suspension components business reported as discontinued operations, which had sales of $230 million, a loss from operations of $46.0 million and capital expenditures of $9.1 million.

The Company reported a net loss of $166.9 million for fiscal 2006, compared to a net loss of $457.5 million for fiscal 2005. The Company reported a loss from continuing operations of $120.9 million, compared with a loss from continuing operations of $287.1 million a year earlier.

Adjusted EBITDA for fiscal 2006 (including the suspension components business) was $188.6 million, up 7.3% from $175.7 million a year earlier. For the full fiscal year, Hayes Lemmerz reported free cash flow of negative $9.1 million, excluding the impact of the Company's securitization program, an improvement of $71.6 million from a year earlier.