Welcome to our dedicated page for Superior Inds news (Ticker: SUP), a resource for investors and traders seeking the latest updates and insights on Superior Inds stock.
Superior Industries International Inc (NYSE: SUP) is a leading global manufacturer of aluminum wheels for original equipment manufacturers and automotive aftermarkets. This news hub provides investors and industry professionals with essential updates on SUP's operational milestones, financial performance, and market positioning.
Track official announcements including quarterly earnings reports, manufacturing innovations, strategic partnerships with automotive brands, and production facility developments. Our curated news collection offers reliable insights into SUP's role in advancing wheel technology and maintaining quality standards across its North American and European operations.
Key updates cover new OEM contracts, advancements in cast/flow-formed wheel production, sustainability initiatives, and industry recognition. Bookmark this page for direct access to SUP's latest developments impacting the automotive supply chain and investor considerations.
Superior Industries (NYSE:SUP) has reported its full year and fourth quarter 2024 financial results. For FY2024, the company recorded net sales of $1,267M with a net loss of $78M. The company achieved an Adjusted EBITDA of $146M (21% margin) and generated operating cash flow of $18M.
Q4 2024 results showed net sales of $310M with a net loss of $10M. The quarter's Adjusted EBITDA was $35M (21% margin) with operating cash flow of $26M. The company successfully executed its global overhead reduction initiative, completed European transformation, and refinanced debt with $520M in capital.
Looking ahead to 2025, Superior expects a slight decline in industry OEM production in its markets but maintains it is well-positioned to navigate the operating environment.
Superior Industries International (NYSE:SUP) has announced it will release its fourth quarter and full year 2024 financial results on Thursday, March 6, 2025. The company will host a conference call at 8:30 AM ET on the same day to discuss the results.
The conference call will be led by President and CEO Majdi Abulaban and Senior VP/CFO Dan Lee. Participants can join via phone using the conference ID 1582670, with separate dial-in numbers for U.S. (+1 800 715-9871) and international callers (646-307-1963). The call will also be accessible through Superior's website, with a replay available afterward.
Superior Industries reported its Q3 2024 financial results, highlighting both achievements and challenges. Net Sales were $322M, almost flat compared to the prior year's $323M. The company faced a Net Loss of $25M, an improvement from the $86M net loss in Q3 2023. Adjusted EBITDA rose to $41M, a 24% margin, up 200 bps YoY. SG&A expenses increased to $24M due to professional services linked to debt refinancing. Cash Flow from operating activities was a negative $3M, down from $9M. Unlevered Free Cash Flow was $9M, a $3M decrease YoY.
The company completed a debt refinancing worth $520M, strengthening its balance sheet. However, it incurred a $13M loss related to debt extinguishment. Superior revised its 2024 outlook, lowering estimates due to softer production volumes from OEMs. The revised guidance includes Net Sales of $1.25-$1.33B, Adjusted EBITDA of $146-$154M, and Unlevered Free Cash Flow of $50-$80M.
Superior Industries International (NYSE:SUP) has announced it will release its third quarter 2024 financial results on Thursday, November 7, 2024. The company will host a conference call at 8:30 AM ET on the same day to discuss the results. The call will be led by President and CEO Majdi Abulaban, CFO Dan Lee, and VP of Investor Relations Tom McGill. Participants can join via phone or webcast, with a replay available on the company's website after the call.
Superior Industries International (NYSE:SUP) has announced a comprehensive refinancing of its existing debt, extending maturities to December 2028. The company has upsized its Senior Secured Term Loan from $394 million to $520 million, with funds managed by Oaktree Capital Management and other investors providing the capital. This refinancing will enable Superior to redeem its outstanding €217,050,000 6.000% Senior Notes due 2025 and reduce total debt from $627 million to $521 million.
The refinancing strengthens Superior's balance sheet and enhances financial flexibility, supporting its long-term growth strategy. CEO Majdi Abulaban stated that with the European transformation substantially completed, Superior is well-positioned to drive profitable growth and generate long-term shareholder value.
Superior Industries International (NYSE:SUP) reported second-quarter 2024 financial results, showing a net sales decrease to $319 million from $373 million YoY due to lower aluminum costs and deconsolidation of a subsidiary. The company recorded a net loss of $11 million, widening from a loss of $0.1 million in the previous year.
Adjusted EBITDA reached $40 million with a 22% margin, down from $52 million and 26% margin YoY. Cash Flow Used by Operating Activities improved, reducing to $8 million from $28 million YoY. Unlevered Free Cash Flow was $2 million, up by $18 million YoY.
Superior is in talks to retire Senior Unsecured Notes and completed relocating production from Germany to Poland, aimed at enhancing profitability. FY 2024 outlook was revised: Net Sales $1.35-$1.41 billion, Value-Added Sales $695-$725 million, Adjusted EBITDA $150-$165 million, and Unlevered Free Cash Flow $110-$130 million.
Superior Industries International (NYSE:SUP) has announced the release date for its second quarter 2024 financial results. The company will publish the results on Thursday, August 8, 2024, followed by a conference call at 8:00 AM ET on the same day. The call will be hosted by key executives including President and CEO Majdi Abulaban, CFO Tim Trenary, and VP of Investor Relations Tom McGill.
Participants can join the call by dialing +1 786 697 3501 (U.S.) or 866 580 3963 (outside U.S.) using the conference ID 08082024. Alternatively, the call can be accessed via the company's website or through a direct webcast link. A replay of the webcast will be available on Superior's website immediately after the call concludes.
Superior Industries International, Inc. reported first quarter 2024 financial results showing a net sales decline to $316M, a net loss of $33M, and adjusted EBITDA of $31M. The company successfully exited a high-cost German manufacturing facility and is undergoing strategic transformations. Despite challenges, the company expects to generate $190M in adjusted EBITDA by the end of 2024, driving future growth and shareholder value.
