Welcome to our dedicated page for Superior Inds news (Ticker: SUP), a resource for investors and traders seeking the latest updates and insights on Superior Inds stock.
Superior Industries International Inc (NYSE: SUP) is a leading global manufacturer of aluminum wheels for original equipment manufacturers and automotive aftermarkets. This news hub provides investors and industry professionals with essential updates on SUP's operational milestones, financial performance, and market positioning.
Track official announcements including quarterly earnings reports, manufacturing innovations, strategic partnerships with automotive brands, and production facility developments. Our curated news collection offers reliable insights into SUP's role in advancing wheel technology and maintaining quality standards across its North American and European operations.
Key updates cover new OEM contracts, advancements in cast/flow-formed wheel production, sustainability initiatives, and industry recognition. Bookmark this page for direct access to SUP's latest developments impacting the automotive supply chain and investor considerations.
Superior Industries International (NYSE:SUP) reported second-quarter 2024 financial results, showing a net sales decrease to $319 million from $373 million YoY due to lower aluminum costs and deconsolidation of a subsidiary. The company recorded a net loss of $11 million, widening from a loss of $0.1 million in the previous year.
Adjusted EBITDA reached $40 million with a 22% margin, down from $52 million and 26% margin YoY. Cash Flow Used by Operating Activities improved, reducing to $8 million from $28 million YoY. Unlevered Free Cash Flow was $2 million, up by $18 million YoY.
Superior is in talks to retire Senior Unsecured Notes and completed relocating production from Germany to Poland, aimed at enhancing profitability. FY 2024 outlook was revised: Net Sales $1.35-$1.41 billion, Value-Added Sales $695-$725 million, Adjusted EBITDA $150-$165 million, and Unlevered Free Cash Flow $110-$130 million.
Superior Industries International (NYSE:SUP) has announced the release date for its second quarter 2024 financial results. The company will publish the results on Thursday, August 8, 2024, followed by a conference call at 8:00 AM ET on the same day. The call will be hosted by key executives including President and CEO Majdi Abulaban, CFO Tim Trenary, and VP of Investor Relations Tom McGill.
Participants can join the call by dialing +1 786 697 3501 (U.S.) or 866 580 3963 (outside U.S.) using the conference ID 08082024. Alternatively, the call can be accessed via the company's website or through a direct webcast link. A replay of the webcast will be available on Superior's website immediately after the call concludes.
Superior Industries International, Inc. reported first quarter 2024 financial results showing a net sales decline to $316M, a net loss of $33M, and adjusted EBITDA of $31M. The company successfully exited a high-cost German manufacturing facility and is undergoing strategic transformations. Despite challenges, the company expects to generate $190M in adjusted EBITDA by the end of 2024, driving future growth and shareholder value.
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