Superior Industries (SUP) Reports Q4 Miss on Revenues; Offers FY18 Revenue Mid-Point Outlook Below Consensus

Superior Industries (NYSE: SUP) reported Q4 EPS of ($0.50), $0.74 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $361.8 million versus the consensus estimate of $362.13 million.

2018 Outlook

• Based on current economic trends and industry outlook, Superior is reaffirming its full year 2018 Outlook provided on January 17, 2018 as follows:
• Superior expects net sales to be in the range of $1.45 billion to $1.50 billion, driven by unit shipments of 21.25 million to 21.6 million.
• Value-Added Sales is expected to be in the range of $800 million to $835 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 $185 million to $200 million.
• Capital expenditures are expected to be approximately $95 million.
• Cash flow from operations is expected to be between $160 million and $180 million.
• Effective Tax Rate is expected to be between 10% to 15%.

GUIDANCE:

Superior Industries sees FY2018 revenue of $1.45-1.5 billion, versus the consensus of $1.46 billion.

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

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