Superior Industries (SUP) Misses Q2 EPS by 54c
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Superior Reports Second Quarter 2020 Results
August 5, 2020 7:00 AM EDTExecuting on Strategic Priorities as Production Resumes
Second Quarter 2020 Financial Highlights:
Safe and efficient restart of production activities across the manufacturing footprint Unit shipments of 2.1M; net sales of $145M Value-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 $4M Executed approximately $40M of permanent and temporary cost actions for 2020 Aggressively managed cash costs, working... More