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 reported strong second quarter results for 2021, with net sales of $347.5 million, up from $144.8 million year-over-year. Value-Added Sales also surged to $195.5 million, reflecting a 121% increase driven by higher volumes and a favorable product mix. Despite ongoing supply chain challenges, including semiconductor shortages, the company reaffirmed its full-year guidance, anticipating net sales between $1.30 billion and $1.37 billion.
Net income reached $1.7 million, a significant recovery from a $43.2 million loss in 2020.
Superior Industries International (NYSE:SUP) will announce its financial results for Q2 on August 4, 2021. The release will be followed by a conference call at 8:30 AM ET, hosted by CEO Majdi Abulaban and CFO Timothy Trenary. Participants can join by phone or online, with a replay available post-call. Superior is a leading aluminum wheel supplier, focusing on innovative manufacturing and design, serving the European aftermarket under renowned brands.
Superior Industries International (NYSE:SUP) announced a virtual presentation by CEO Majdi Abulaban and CFO Tim Trenary at the Deutsche Bank Global Auto Industry Conference on June 16, 2021, at 3:00 p.m. ET. Investors can access the presentation via webcast on the Company’s website, with a replay available afterward. Superior is a leading supplier of aluminum wheels, known for innovative products and technologies. The company serves the European aftermarket under brands like ATS®, RIAL®, ALUTEC®, and ANZIO®.
Superior Industries International (NYSE:SUP) has announced its compliance with NYSE listing standards after receiving a notice from the exchange on May 20, 2021. This follows a previous notification on June 9, 2020, citing non-compliance due to a global market capitalization and shareholders' equity of less than $50 million. Superior's reinstatement is attributed to improved performance aligning with its business plan and meeting NYSE requirements over the last two quarters.
Superior Industries International reported strong Q1 2021 results, with net sales of $358.2 million compared to $301.1 million in Q1 2020. Value-Added Sales rose to $207.3 million, driven by a shift to larger wheels. Gross profit increased to $43.0 million from $23.1 million, and net income reached $13.1 million versus a loss of $190.1 million in the same period last year. The company reaffirmed its 2021 guidance, expecting unit shipments between 16.9 - 17.7 million and net sales of $1.30 - $1.37 billion.
Superior Industries International (NYSE:SUP) has been nominated as a finalist for the prestigious 2021 Automotive News PACE Awards due to its innovative physical vapor deposition (PVD) technology. This environmentally friendly process provides durable, chrome-like finishes for wheels while reducing vehicle weight, enhancing fuel efficiency, and lowering CO2 emissions. The awards recognize excellence in automotive innovation and will be presented on September 30, 2021, in Detroit. Superior's commitment to sustainability and quality reinforces its market position as a leader in aluminum wheel supply.
Superior Industries International, Inc. (NYSE:SUP) will release its financial results for Q1 2021 on May 5, 2021. A conference call will follow at 8:30 AM EDT, with executives Majdi Abulaban, Timothy Trenary, and Clemens Denks leading the discussion. Participants can join the call by dialing 800-700-1722 (U.S./Canada) or +1 334-323-0501 (International) using conference ID 2810355. The call will also be accessible via the Company’s website. Superior is a leading supplier of aluminum wheels, serving both OEMs and the European aftermarket.
Superior Industries International reported 2020 revenue of $1,101 million, down from $1,372 million in 2019, impacted by COVID-19. Fourth-quarter net sales rose to $338 million from $310 million, with Value-Added Sales at $202 million. Gross profit for 2020 decreased to $66 million, down from $116 million in 2019. The company recorded a net loss of $244 million or $10.81 per share, compared to a $97 million loss in 2019. Looking ahead, Superior projects 2021 net sales between $1.30-$1.37 billion and Adjusted EBITDA of $160-$180 million.