Superior Reports First Quarter 2021 Financial Results
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Superior Industries (SUP) Tops Q1 EPS by 45c, Revenues Beat; Offers FY21 Revenues Guidance
May 5, 2021 7:06 AM EDTSuperior Industries (NYSE: SUP) reported Q1 EPS of $0.18, $0.45 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $358.2 million versus the consensus estimate of $300 million.
First Quarter 2021 Financial Highlights:
Net sales of $358M; Value-Added Sales Adj. for FX1 of $198M, a 17%2 increase YoYPortfolio delivered 11% Content per Wheel1 growth; growth over market of 19%2Net income of $13MAdjusted EBITDA1 increased 39% YoY to $55M; margin expanded 330 bps3Funded debt decreased to $630M and Net Debt1 to $477MCash from operations of $18M; Free Cash... More