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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.
Superior Industries International (NYSE:SUP) will announce its financial results for the fourth quarter and full year ended December 31, 2020, on March 5, 2021. The announcement will be followed by a conference call at 8:30 AM EST, led by CEO Majdi Abulaban, CFO Timothy Trenary, and VP Troy Ford. Participants can join by dialing 800-367-2403 (U.S./Canada) or +1 334-777-6978 (international) using conference ID 8857902. A live webcast will also be available on the company's website.
Superior Industries International (NYSE:SUP) announced the retirement of James S. McElya from its Board of Directors, effective at the upcoming 2021 Annual Meeting. McElya, who has served for eight years, will not seek re-election but will remain until the end of his current term. His contributions were noted as pivotal in transforming the company into a global leader in aluminum wheels. Chairman Tim McQuay and CEO Majdi Abulaban praised McElya’s leadership and mentorship, highlighting the company's resilience during the COVID-19 pandemic and ongoing plans for strong corporate governance.
Superior Industries International has appointed Michael Dorah as Senior Vice President and President for North America, effective January 11, 2021. With over 25 years of experience in operational leadership roles within the automotive sector, Dorah has a proven history of improving global manufacturing operations. Prior to this role, he served as SVP of Manufacturing Systems at Delphi Technologies and held leadership positions at Chassix and Acument Global Technologies. His expertise is expected to bolster Superior's North American operations, contributing to the company’s growth.
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Superior Industries International reported its third-quarter 2020 results, highlighting net sales of $317 million, down from $352 million a year prior, amid a 10% drop in unit shipments to 4.4 million. Despite these challenges, gross profit doubled to $32 million due to cost-saving measures related to COVID-19. Adjusted EBITDA reached $47 million, and net income stood at $11 million, reversing a loss from the previous year. The company raised its free cash flow outlook for 2020, anticipating positive cash flow, while maintaining liquidity of $336 million.
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Superior Industries International (NYSE:SUP), a leading aluminum wheel supplier, announced its participation in Gabelli’s 44th Annual Automotive Aftermarket Symposium on November 3, 2020, at 4:00 p.m. ET. The presentation will feature CEO Majdi Abulaban, CFO Timothy Trenary, and VP Troy Ford. Investors can access the live webcast through the Company’s website under the Events tab, with a replay available afterward. Superior's team specializes in innovative lightweight and high-quality products and maintains recognized aftermarket brands.
Superior Industries International, Inc. (NYSE:SUP) will unveil its third-quarter financial results for the period ending September 30, 2020, on November 2, 2020. A conference call to discuss these results is scheduled for the same day at 8:30 AM EST. The call will feature key executives, including CEO Majdi Abulaban and CFO Timothy Trenary. Shareholders can join the call by dialing the designated numbers or through a live webcast on the company’s website. Superior Industries is a global leader in aluminum wheel manufacturing, catering to OEMs and aftermarket sectors.