Superior Inds - SUP STOCK NEWS

Superior Industries International (NYSE:SUP) has successfully refinanced its Term Loan and Revolving Credit Facilities. A new $400 million Senior Secured Term Loan, maturing on December 15, 2028, was provided by Oaktree Capital Management. Additionally, a $60 million Revolving Credit Facility, with an option to increase to $110 million, matures on December 15, 2027.

The refinancing reflects the company’s strong financial performance and long-term growth potential, enhancing its ability to drive shareholder value.

Superior Industries reported a 31% YoY increase in net sales for Q3 2022, reaching $406 million. Value-Added Sales adjusted for FX grew 19% YoY to $192 million. The company achieved an adjusted EBITDA of $36 million, reflecting a 21% increase YoY with an improved margin of 20%. Despite a net loss of $0.4 million, a significant improvement from the $7 million loss in Q3 2021, net debt decreased to $456 million. For FY 2022, the company maintains its guidance with net sales expected between $1.58 - $1.71 billion.

Superior Industries International, Inc. (NYSE:SUP) will release its financial results for Q3 2022 on November 3, 2022. A conference call is scheduled on the same day at 9:00 AM ET, featuring President & CEO Majdi Abulaban, EVP & CFO Tim Trenary, and SVP Joanne Finnorn. Investors can access the call by dialing the provided numbers or via the company's website. Superior Industries, a leading aluminum wheel supplier, operates in the European aftermarket and focuses on innovative product design and engineering.

Superior Industries International, Inc. (NYSE:SUP) announced that President and CEO Majdi Abulaban, along with Executive VP and CFO Tim Trenary, will present at the Deutsche Bank Leveraged Finance Conference in Scottsdale, Arizona, on September 21, 2022, at 1:40 PM ET. The presentation will be streamable via the Company's website, and a replay will be available afterward. Superior is a leading aluminum wheel supplier, serving the European aftermarket with well-known brands such as ATS®, RIAL®, ALUTEC®, and ANZIO®.

Superior Industries International reported strong Q2 2022 results with net sales increasing 24% YoY to $432 million. The company achieved a net income of $11 million with earnings per share of $0.07. Adjusted EBITDA rose to $51 million, showcasing improved margins. Total debt decreased to $593 million, with net debt at $471 million, the lowest since 2017. The company anticipates unit shipments of 16.0-17.0 million and net sales of $1.58 - $1.71 billion for FY 2022 amid ongoing supply chain challenges.

Superior Industries International, Inc. (NYSE:SUP) will release its financial results for the second quarter ending June 30, 2022, on August 4, 2022. A conference call to discuss these results is scheduled for the same day at 9:00 AM ET, featuring key executives including President and CEO Majdi Abulaban and CFO Tim Trenary. Participants can join via phone or through the Company’s website. Superior is a leading aluminum wheel supplier, serving the European aftermarket with various brands.

Superior Industries International reported Q1 2022 financial results, highlighting a 12% increase in net sales to $401M. Net income was $10M, with EPS at $0.04. Adjusted EBITDA stood at $49.2M, maintaining a 26% margin. However, Value-Added Sales decreased 9% YoY to $189M. The company reduced Net Debt to $477M and expects OEM production growth amid ongoing supply chain challenges. Full-year guidance projects net sales between $1.58B - $1.71B and Adjusted EBITDA of $160M - $190M.

Superior Industries International (NYSE:SUP) announced it will release its financial results for Q1 ended March 31, 2022 on May 4, 2022. A conference call, hosted by CEO Majdi Abulaban and CFO Tim Trenary, is scheduled for the same day at 7:30 AM ET. Participants can dial 888-394-8218 (U.S.) or +1 323-794-2588 (international) to join, using conference ID 5800793. The call will also be available via the Company’s website with a replay after the event.