Superior Reports Second Quarter 2020 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/17/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- S&P 500 ends lower as investors weigh data, Middle East tensions
- SanDisk upgraded at JPMorgan after investor day; shares climb
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
Superior Industries (SUP) Misses Q2 EPS by 54c
August 5, 2020 7:11 AM EDTSuperior Industries (NYSE: SUP) reported Q2 EPS of ($2.00), $0.54 worse than the analyst estimate of ($1.46). Revenue for the quarter came in at $144.8 million versus the consensus estimate of $131.62 million.
Second Quarter 2020 Financial Highlights:
Safe and efficient restart of production activities across the manufacturing footprintUnit shipments of 2.1M; net sales of $145MValue-Added Sales(1) of $84M, growth over market of 11%(2), per wheel growth of 4%(2)Net loss of $43M, includes $7 million of restructuring and net other expense(3)Adjusted EBITDA(1) loss of $4MExecuted approximately $40M of permanent and temporary cost actions for... More