Superior Industries (SUP) Q4 Revenue Misses Consensus

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Go back to Superior Industries (SUP) Q4 Revenue Misses Consensus

Superior Reports Fourth Quarter and Full Year 2019 Financial Results

February 28, 2020 7:00 AM EST

Strong fourth quarter results and record full year cash flow from operations  

Full Year 2019 Financial Highlights:

Unit shipments of 19.2M; net sales of $1.4B Value-Added Sales(1) of $755M, growth over market of 2%(2), per wheel growth of 6%(2) Net loss of $97M, includes goodwill and intangible asset impairments of $102M and net other non-recurring expenses of $19M(3) Adjusted EBITDA(1) of $169M Record cash flow from operations of $163M; available liquidity increased to $284M Total funded debt and net debt decreased by $54M and... More