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 reported a strong financial performance for the full year 2021, achieving net sales of $1.385 billion, up from $1.101 billion in 2020. Value-added sales rose 16% year-over-year to $754 million, with adjusted EBITDA increasing 29% to $167 million. Despite a 24% decrease in industry volumes since 2019, the company saw growth supported by a favorable product mix and higher shipment volumes. However, the ongoing semiconductor shortage and inflationary pressures are expected to impact operations in 2022, with revenue guidance set between $1.58 billion and $1.71 billion.
Superior Industries International (NYSE:SUP) has joined the Aluminium Stewardship Initiative (ASI), a non-profit organization aimed at promoting sustainability in the aluminum industry. This membership will enhance Superior's manufacturing sustainability and support responsible aluminum sourcing across supply chains. CEO Majdi Abulaban emphasized that the collaboration with ASI aligns with the company's commitment to environmental protection. Superior is a leading supplier of aluminum wheels and serves various markets with innovative products.
Superior Industries International, Inc. (NYSE:SUP) announced it will release its financial results for the fourth quarter and full year ended December 31, 2021, on March 3, 2022. A conference call will be held the same day at 8:30 AM ET featuring Majdi Abulaban, President and CEO, Tim Trenary, CFO, and Clemens Denks, VP of Treasury. Participants can join via phone or through the Company’s website. Superior is a leading aluminum wheel supplier, serving the European aftermarket with brands like ATS® and RIAL®.
Superior Industries International reported its Q3 2021 financial results, showing a net loss of $7 million compared to a net income of $11.1 million in Q3 2020. Net sales for Q3 were $310.8 million, down from $317.1 million in the previous year, with Value-Added Sales at $162.2 million, a 16% decline.
Adjusted EBITDA decreased to $30 million from $46.7 million year-on-year. The company anticipates ongoing volume pressures due to supply chain issues but expects a rebound in consumer demand in 2022.
Superior Industries International, Inc. (NYSE:SUP) will release its third-quarter financial results for the period ended September 30, 2021, on November 3, 2021. A conference call will follow at 8:00 AM ET on the same day, hosted by CEO Majdi Abulaban, CFO Tim Trenary, and VP of Treasury Clemens Denks. Interested parties can access the call by dialing the provided numbers or through the company's website. Superior is a leading aluminum wheel supplier, serving the European aftermarket with various brands.
Superior Industries International reported strong second quarter results for 2021, with net sales of $347.5 million, up from $144.8 million year-over-year. Value-Added Sales also surged to $195.5 million, reflecting a 121% increase driven by higher volumes and a favorable product mix. Despite ongoing supply chain challenges, including semiconductor shortages, the company reaffirmed its full-year guidance, anticipating net sales between $1.30 billion and $1.37 billion.
Net income reached $1.7 million, a significant recovery from a $43.2 million loss in 2020.
Superior Industries International (NYSE:SUP) will announce its financial results for Q2 on August 4, 2021. The release will be followed by a conference call at 8:30 AM ET, hosted by CEO Majdi Abulaban and CFO Timothy Trenary. Participants can join by phone or online, with a replay available post-call. Superior is a leading aluminum wheel supplier, focusing on innovative manufacturing and design, serving the European aftermarket under renowned brands.
Superior Industries International (NYSE:SUP) announced a virtual presentation by CEO Majdi Abulaban and CFO Tim Trenary at the Deutsche Bank Global Auto Industry Conference on June 16, 2021, at 3:00 p.m. ET. Investors can access the presentation via webcast on the Company’s website, with a replay available afterward. Superior is a leading supplier of aluminum wheels, known for innovative products and technologies. The company serves the European aftermarket under brands like ATS®, RIAL®, ALUTEC®, and ANZIO®.
