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. designs, engineers, and manufactures aluminum wheels for automotive customers, with business updates tied to North America and Europe. Company news commonly covers quarterly results, value-added sales, margins, cash flow, debt refinancing, cost actions, and manufacturing footprint changes, including operations in Mexico and Poland.
Superior also reports developments involving lightweighting and finishing technologies, European aftermarket brands ATS, RIAL, ALUTEC, and ANZIO, capital-structure matters, and corporate-status events. Recent disclosures include NYSE listing compliance, delisting proceedings, and OTC Pink trading under the symbol SSUP.
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Superior Industries International, Inc. (NYSE:SUP) will release its financial results for the first quarter ended March 31, 2023 on May 4, 2023. A conference call will be held on the same day at 8:30 AM ET, featuring President and CEO Majdi Abulaban and CFO Tim Trenary.
Participants can access the call by dialing +1 786 697 3501 for the U.S. and Canada or 866 580 3963 for international listeners, using conference ID 5042023. The call will also be available via live webcast on the Company’s website, with a replay accessible afterward.
Superior is a leading aluminum wheel supplier, focused on innovative manufacturing and aftermarket brands, headquartered in Southfield, Michigan.
Superior Industries International reported strong financial results for Q4 and full year 2022, showcasing a 9% YoY increase in net sales to $402M and an 18% YoY increase to $1,640M for the year. The company achieved a net income of $17M in Q4, up from a loss of $4M in the previous year. Adjusted EBITDA rose 54% YoY to $58M in Q4 with margins expanding 660 bps. For 2023, the forecast includes net sales between $1.55B and $1.67B and adjusted EBITDA of $170M to $200M. Despite challenges like elevated costs and volatile production schedules, Superior remains optimistic about growth driven by operational efficiencies and a strong product portfolio.
Superior Industries International, Inc. (NYSE:SUP) will announce its financial results for the fourth quarter and full year ending December 31, 2022, on March 2, 2023. A conference call to discuss these results will take place on the same day at 8:00 AM ET, led by President and CEO Majdi Abulaban, CFO Tim Trenary, and Investor Relations VP Joanne Finnorn. Interested parties can join the call by dialing +1 786 697 3501 (U.S./Canada) or 866 580 3963 (international), using conference ID 7630054. The call will also be accessible via the company’s website.
Superior Industries International (NYSE:SUP) has successfully refinanced its Term Loan and Revolving Credit Facilities. A new $400 million Senior Secured Term Loan, maturing on December 15, 2028, was provided by Oaktree Capital Management. Additionally, a $60 million Revolving Credit Facility, with an option to increase to $110 million, matures on December 15, 2027.
The refinancing reflects the company’s strong financial performance and long-term growth potential, enhancing its ability to drive shareholder value.
Superior Industries reported a 31% YoY increase in net sales for Q3 2022, reaching $406 million. Value-Added Sales adjusted for FX grew 19% YoY to $192 million. The company achieved an adjusted EBITDA of $36 million, reflecting a 21% increase YoY with an improved margin of 20%. Despite a net loss of $0.4 million, a significant improvement from the $7 million loss in Q3 2021, net debt decreased to $456 million. For FY 2022, the company maintains its guidance with net sales expected between $1.58 - $1.71 billion.
Superior Industries International, Inc. (NYSE:SUP) will release its financial results for Q3 2022 on November 3, 2022. A conference call is scheduled on the same day at 9:00 AM ET, featuring President & CEO Majdi Abulaban, EVP & CFO Tim Trenary, and SVP Joanne Finnorn. Investors can access the call by dialing the provided numbers or via the company's website. Superior Industries, a leading aluminum wheel supplier, operates in the European aftermarket and focuses on innovative product design and engineering.
Superior Industries International, Inc. (NYSE:SUP) announced that President and CEO Majdi Abulaban, along with Executive VP and CFO Tim Trenary, will present at the Deutsche Bank Leveraged Finance Conference in Scottsdale, Arizona, on September 21, 2022, at 1:40 PM ET. The presentation will be streamable via the Company's website, and a replay will be available afterward. Superior is a leading aluminum wheel supplier, serving the European aftermarket with well-known brands such as ATS®, RIAL®, ALUTEC®, and ANZIO®.