Superior Industries (SUP) Tops Q1 EPS by 3c, Beats on Revenues

Superior Industries (NYSE: SUP) reported Q1 EPS of $0.07, $0.03 better than the analyst estimate of $0.04. Revenue for the quarter came in at $386.4 million versus the consensus estimate of $350.22 million.

2018 Outlook

Based on the current outlook for the year, 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 are expected to be in the range of $800 million to $835 million.
• Adjusted EBITDA is expected to be between $185 million and $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%.

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

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