Superior Industries (SUP) Tops Q4 EPS by 12c

Superior Industries (NYSE: SUP) reported Q4 EPS of $0.31, $0.12 better than the analyst estimate of $0.19. Revenue for the quarter came in at $188.3 million versus the consensus estimate of $177.32 million.

Fourth Quarter and Full Year 2016 Highlights:

• Full year 2016 unit shipments of 12.3 million, a 9% increase year-over-year
• Full year 2016 diluted EPS of $1.62, an 80% increase year-over year
• Full year 2016 net income of $41.4 million, a 73% increase year-over year
• Full year 2016 adjusted EBITDA of $88.5 million, a 16% increase year-over-year
• Full year 2016 net sales of $732.7 million; value-added sales growth of 13% year-over-year
• Q4 2016 diluted EPS of $0.31, in line with the prior year
• Q4 2016 cash provided by operating activities of $39.2 million, a 95% increase year-over-year

Outlook

• Superior expects net sales to be in the range of $730 million to $750 million driven by unit shipments of 12.0 million to 12.25 million.
  • 1Q17 unit ships are expected to decline 200K to 300K compared to 1Q16
• Value-added sales are expected to be in the range of $400 million to $410 million. Value-added sales are defined as net sales less pass-through charges, primarily for the value of aluminum
• Adjusted EBITDA is expected to be in the range of $97 million to $105 million
• Working capital is expected to be a net use of funds
• Capital expenditures are expected to be approximately $50 million
• Dividends are expected to be approximately $18 million
• The effective tax rate is expected to be in the range of 25% to 28%

For earnings history and earnings-related data on Superior Industries (SUP) click here.

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