Superior Industries (SUP) Tops Q3 EPS by 46c, Revenues Beat; Offers 4Q Revenue Guidance Below Consensus, FY20 Revenue Mid-Point Guidance Below Consensus

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Go back to Superior Industries (SUP) Tops Q3 EPS by 46c, Revenues Beat; Offers 4Q Revenue Guidance Below Consensus, FY20 Revenue Mid-Point Guidance Below Consensus

Superior Reports Third Quarter 2020 Results

November 2, 2020 7:00 AM EST

Solid execution in an improving industry production environment 

Third Quarter 2020 Financial Highlights:

Cost and cash actions deliver significant margin expansion and cash flow Unit shipments of 4.4M; net sales of $317M Value-Added Sales(1) of $192M, content per wheel growth of 7%(2) Net income of $11M, includes $4 million of restructuring and net other expense(3) Adjusted EBITDA(1) of $47M, a 20% increase compared to the prior year period Record liquidity(4) at $336M; total funded debt of $630M and net debt(5) of... More