Shiloh : Reports Fourth Quarter and Full Year 2015 Results

Exhibit 99.1 - Press Release 10.31.2015

For Immediate Release CONTACT:‌‌

Thomas M. Dugan

Vice President of Finance and Treasurer

Shiloh Industries, Inc.

[phone]

SHILOH INDUSTRIES REPORTS FOURTH-QUARTER AND FULL-YEAR 2015 RESULTS

VALLEY CITY, Ohio, January 14, 2016 -- Shiloh Industries, Inc. (NASDAQ: SHLO) today reported financial results for the fourth-quarter and full-year for 2015.

Fourth Quarter 2015 Highlights:

• Sales revenue for the quarter was $296.9 million, an increase of 10.0 percent compared to the prior year quarter

• Gross profit for the quarter was $20.2 million, compared to $18.7 million in the prior year, an increase of 8.3 percent in spite of a number of headwinds

• Net loss per diluted share for the quarter was $0.14 which included a negative

  $0.09 impact of one-time expenses associated with the Wellington investigation and financing charges

• Adjusted EBITDA for the quarter was $8.9 million which included a $5.5 million impact from lower scrap metal market pricing

• New product wins representing an expected $159 million in sales over the life-of- program or $32 million in annual revenue

  
  

  Full-Year 2015 Highlights:

  
  

• Sales revenue for the year was $1,109.2 million, an increase of 26.2 percent compared to the prior year

• Gross profit for the year was $87.1 million, compared to $79.6 million in the prior year, an increase of 9.4 percent

• SG&A as percent of sales for the year was 5.7 percent, consistent with the prior year, in spite of continued investment to support the growth of the business and one-time expenses

• Net income per diluted share for the year was $0.48 which included a negative

  $0.09 impact of one-time expenses associated with the Wellington investigation and financing charges

• Adjusted EBITDA for the year was $59.5 million which included the $13.8 million impact from lower scrap metal market pricing

• New product wins representing an expected $1.3 billion in sales over the life-of- program or nearly $220 million on an annual basis

"Shiloh achieved a number of key accomplishments in 2015 as we generated record new business wins and product launches, grew our revenue, gross profit and adjusted EBITDA. In addition, we made progress on our strategic objectives to expand the use of our technology in the market, broaden our suite of products, and establish a global presence," said Ramzi Hermiz, president and chief executive officer. Hermiz continued, "We expect 2016 will be an important year for Shiloh as we position the company to begin to deliver on the significant new wins from recent years and move past a number of the headwinds that impacted our business performance in 2015."

Fourth Quarter 2015 Financial Review

Sales revenue for the fourth quarter of fiscal 2015 increased to $296.9 million, a 10.0 percent improvement compared with fourth quarter of fiscal 2014. Sales revenue during the quarter was negatively impacted by market pricing for scrap metal of $5.5 million and foreign currency translation of $4.7 million.

Gross profit was $20.2 million compared with $18.7 million for the fourth quarter of fiscal 2014. Gross profit as a percent of sales was 6.8 percent compared to the 6.9 percent in the fourth quarter

of fiscal 2014. Scrap metal pricing, foreign currency exchange and plant inefficiencies due to the ramp up of significant new product launches, impacted the gross profit results in the quarter.

Selling, general and administrative costs were $20.3 million, or 6.8 percent of sales revenue compared with $17.3 million, or 6.4 percent of sales revenue in the prior year quarter. The 40 basis point year-over-year increase in SG&A as a percent of sales was impacted by $2.5 million of one- time expenses related to our Wellington investigation and financing charges. Excluding these items, SG&A would have improved by 40 basis points vs the prior year quarter.

Adjusted EBITDA for the fourth quarter was $8.9 million, compared to $11.5 million in the prior year quarter. Adjusted EBITDA includes the previously mentioned $2.5 million one-time expenses associated with the Wellington investigation and financing charges.

Net loss for the quarter was $2.5 million, or $0.14 per diluted share, compared with net income of

$1.0 million, or $0.05 per diluted share in the prior year quarter. The decline in net income was driven by the $2.5 million one-time expenses associated with the Wellington investigation and financing charges and an increase in interest expense, which was partially offset by an increase in income tax benefit compared to the year ago quarter. The fourth quarter pre-tax loss generated a tax benefit. The prior year quarter results included one-time reversal of the Mexico deferred tax asset valuation of $2.4 million, or $0.14 per diluted share and one-time acquisition fees, net of tax, of $1.6 million, or $0.09 per diluted share.

Our effective income tax rate was 28.2% percent for 2015, compared to 17.5% percent for the prior year quarter. The prior year included one-time reversal of the Mexico deferred tax asset valuation of $2.4 million, or $0.14 per diluted share and additional research and development tax credits related to its business activities from 2010 to 2013, improving earnings per share by $0.14 per share diluted . In addition, for 2014 and 2015, foreign tax rates of countries in which the Company

operates are in all cases less than the U.S. statutory federal income tax rate, having a favorable impact on the effective rate.

At October 31, 2015, cash and cash equivalents were $13.1 million, total debt was $301.0 million and stockholders' equity was $140.9 million.

Recent Events

During the fourth quarter of 2015, Shiloh launched and received production approval for 147 new products. For the full year, there have been 527 launches and production approvals compared to 175 in 2014. The Company generally incurs upfront ramp-up expenses associated with new product launches prior to revenue generation.

Shiloh expects the first quarter of 2016 to be challenging but also anticipates improvement in profitability in future periods as it begins to see the benefits of improving mix of business. In addition, the Company expects to transition the portfolio away from lower margin commodity products and capitalize on its strategy of focusing on higher margin, higher value-add products. This transition starts with the new business wins. Shiloh's successful new business pursuits in 2015 were focused on the platforms and products that it is building our strategy around. In 2016, the Company has 238 launches planned, which will allow more focused and efficient launches while keeping revenue trajectory more closely aligned with growth forecasts for auto production.