Superior Industries (SUP) Misses Q3 EPS by 35c, Revenue Beats
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Superior Reports Third Quarter 2019 Financial Results
November 4, 2019 7:00 AM ESTContinued strong cash flow supported additional debt principal reductionÂ
Third Quarter 2019 Highlights:
Unit shipments of 4.9 million, up 2% year-over-year Net sales of $352.0 million, up 1% year-over-year Value-Added Sales(1) up 12%, excluding foreign exchange; 12% growth over market(2) The UAW labor strike negatively impacted units and sales by approximately 2% Net loss of $6.6 million, includes $15.0 million of restructuring and net other expense Adjusted EBITDA(1) of $38.9 million Debt principal reduction(3) of $12.4 million supported by ongoing strong cash... More