Superior Industries (SUP) Misses Q2 EPS by 27c

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Go back to Superior Industries (SUP) Misses Q2 EPS by 27c

Superior Reports Second Quarter 2023 Financial Results

August 3, 2023 7:02 AM EDT

Solid Growth in Value-Added Sales and Adjusted EBITDA
Continued Focus on Commercial and Operational Discipline

Second Quarter 2023 Financial Highlights:

Net Sales decreased 14% YoY to $373M Value-Added Sales Adjusted for FX1 increased 7% YoY to $198M Net loss of $0.1M; YoY decrease of $11M Adjusted EBITDA1 of $52M; margin2 of 26% Cash Flow Used By Operating Activities of $28M; Net Debt1 declined to $458M Content per Wheel1 of $52.41, up 13% YoY

SOUTHFIELD, Mich.--(BUSINESS WIRE)-- Superior Industries International, Inc. (Superior or... More