Superior Industries (SUP) Tops Q1 EPS by 45c, Revenues Beat; Offers FY21 Revenues Guidance
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Superior Reports First Quarter 2021 Financial Results
May 5, 2021 7:00 AM EDT
Portfolio accelerating growth above market;
Strong execution driving profitabilityÂ
First Quarter 2021 Financial Highlights:
Net sales of $358M; Value-Added Sales Adj. for FX1 of $198M, a 17%2 increase YoY Portfolio delivered 11% Content per Wheel1 growth; growth over market of 19%2 Net income of $13M Adjusted EBITDA1 increased 39% YoY to $55M; margin expanded 330 bps3 Funded debt decreased to $630M and Net Debt1 to $477M Cash from operations of $18M; Free Cash Flow1 of $3M... More
