Superior Reports Third Quarter 2020 Results
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Superior Industries (SUP) Tops Q3 EPS by 46c, Revenues Beat; Offers 4Q Revenue Guidance Below Consensus, FY20 Revenue Mid-Point Guidance Below Consensus
November 2, 2020 7:05 AM ESTSuperior Industries (NYSE: SUP) reported Q3 EPS of $0.12, $0.46 better than the analyst estimate of ($0.34). Revenue for the quarter came in at $317 million versus the consensus estimate of $313.12 million.
Third Quarter 2020 Financial Highlights:
Cost and cash actions deliver significant margin expansion and cash flowUnit shipments of 4.4M; net sales of $317MValue-Added Sales(1) of $192M, content per wheel growth of 7%(2)Net income of $11M, includes $4 million of... More