Superior Industries (SUP) Tops Q4 EPS by 17c, Offers Guidance
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Financial Fact:
Interest income, net: 41K
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Superior Industries (NYSE: SUP) reported Q4 EPS of $0.25, $0.17 better than the analyst estimate of $0.08. Revenue for the quarter came in at $402 million versus the consensus estimate of $431.22 million.
GUIDANCE:
Superior Industries sees FY2023 revenue of $1.55-1.67 billion.
Superior management assumes full year 2023 industry OEM production in its markets to grow at a low single digit percentage rate. As a result, Superior’s full year 2023 outlook is as follows:
| FY 2023 Outlook | ||
| Unit Shipments | 15.0 - 16.2 million | |
| Net Sales | $1.55 - $1.67 billion | |
| Value-added Sales | $755 - $815 million | |
| Adjusted EBITDA | $170 - $200 million | |
| Cash Flow from Operations | $110 - $130 million | |
| Capital Expenditures | ~$70 million |
Superior remains well-positioned to navigate the operating environment, including any inflationary pressures, foreign exchange headwinds, or possible recessionary trends.
For earnings history and earnings-related data on Superior Industries (SUP) click here.
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