Superior Industries (SUP) Misses Q2 EPS by 5c, Revenues Beat; Lifts FY18 Revenue Outlook Above Consensus
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Superior Industries Reports Second Quarter 2018 Financial Results
August 8, 2018 7:00 AM EDTSecond Quarter 2018 Highlights:
Record unit shipments of 5.6 million, up 46% year-over-year Record net sales of $389.0 million and Value-Added Sales of $204.4 million Value-Added Sales per wheel of $36.81, up 7% year-over-year Net income of $8.1 million; earnings per diluted share of $0.09, which includes acquisition-related items of $0.16 per diluted share Record Adjusted EBITDA of $57.2 million, up 94% year-over-year Increasing 2018 OutlookSOUTHFIELD, Mich.--(BUSINESS WIRE)-- Superior Industries International, Inc. (Superior or the Company)... More
