Superior Reports Third Quarter 2021 Financial Results
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.
- Growth over Market of 13%
- Continued portfolio shift towards larger diameter wheels with premium content
- Management anticipates strong underlying consumer demand for vehicles
- Net loss of $7 million, down from net income of $11.1 million in Q3 2020
- Net sales decreased 2.3% year-over-year
- Adjusted EBITDA decreased $17 million year-over-year
- Cash used by operations was $46.5 million, compared to positive cash flow in Q3 2020
- Full year guidance for Net Sales and Adjusted EBITDA lowered due to volume expectations
Delivered Continued Growth over Market, Narrowing Adjusted EBITDA Guidance
Third Quarter 2021 Financial Highlights:
-
Portfolio delivered Growth over Market of
13% 1;5% Content per Wheel2 growth -
Net sales of
$311M 16% 1 YoY to$162M -
Net loss of
$7M $18M -
Adjusted EBITDA2 decreased
$17M $30M -
Funded debt of
$624M $548M -
Cash used by operating activities of
$47M
| ($ in millions, and units in thousands) | |||||||
| Three Months | |||||||
|
3Q 2021 |
|
3Q 2020 |
||||
| Units | |||||||
|
1,970 |
|
2,392 |
||||
|
1,530 |
|
1,970 |
||||
| Global |
|
3,500 |
|
4,362 |
|||
$ |
180.5 |
$ |
166.7 |
||||
|
130.3 |
|
150.4 |
||||
| Global | $ |
310.8 |
$ |
317.1 |
|||
| Value-Added Sales (2) | |||||||
$ |
84.6 |
$ |
93.4 |
||||
|
77.7 |
|
99.1 |
||||
| Global | $ |
162.2 |
$ |
192.5 |
|||
“Our third quarter of 2021 results were adversely impacted by significant industry volume declines and volatile OEM production schedules, largely driven by chip shortages and supply chain challenges impacting the entire automotive sector. Despite these headwinds, our team continued to demonstrate agility in managing volume declines and capitalizing on the secular tailwinds for lighter and premium wheels. As a result, we delivered another quarter of strong Growth over Market. However, escalating commodity prices have also increased our investment in working capital, ultimately impacting operating cash flow, which we believe is transitory,” said
1 |
Based on Value-Added Sales Adjusted for Foreign Exchange; comparison vs. Q3 2021 NA and Western and Central EU industry production per |
|
2 |
See “Non-GAAP Financial Measures” below for a definition and reconciliation to the most comparable GAAP measure. |
“Looking forward, we anticipate continued pressure on volumes throughout the remainder of 2021 and into 2022, and we have responded with measures to optimize our cost structure. Given the increased volatility throughout the year, we are narrowing our
Third Quarter Results
Net sales for the third quarter of 2021 were
Value-Added Sales adjusted for Foreign Exchange, a non-GAAP financial measure, decreased
Gross profit for the third quarter of 2021 was
Selling, general, and administrative (“SG&A”) expenses for the third quarter of 2021 were
Operating income for the third quarter of 2021 was
The income tax provision for the third quarter of 2021 was
For the third quarter of 2021, the Company reported a net loss of
Adjusted EBITDA, a non-GAAP financial measure, was
Net cash used by operating activities was
Financial Position
As of
2021 Outlook
The Company updated its Full Year 2021 guidance. Based on management’s estimates for 2021, Superior assumes full year 2021 industry OEM production to be down
FY 2020 Actuals |
|
Prior FY 2021 Outlook
|
|
Current FY 2021 Outlook
|
||
| Unit Shipments | 15.2 million | 16.9 - 17.7 million | 15.6 - 16.0 million | |||
| Value-Added Sales | ||||||
| Adjusted EBITDA | ||||||
| Cash Flow from Operations | ||||||
| Capital Expenditures | ~ |
|||||
Value-Added Sales and Adjusted EBITDA are non-GAAP measures, as defined below. In reliance on the safe harbor provided under section 10(e) or Regulation S-K, Superior has not quantitatively reconciled from net income, the most comparable GAAP measure, to Adjusted EBITDA presented in the 2021 outlook, as Superior is unable to quantify certain amounts included in net income without unreasonable efforts and due to the inherent uncertainty regarding such variables. Superior also believes that such reconciliation would imply a degree of precision that could potentially be confusing or misleading to investors. However, the magnitude of these amounts may be significant.
Conference Call
Superior will host a conference call beginning at
During the conference call, the Company's management plans to review operating results and discuss financial and operating matters. In addition, management may disclose material information in response to questions posed by participants during the call.
About
Superior is one of the world’s leading aluminum wheel suppliers. Superior’s team collaborates with customers to design, engineer, and manufacture a wide variety of innovative and high-quality products utilizing the latest lightweighting and finishing technologies. Superior serves the European aftermarket with the brands ATS®, RIAL®, ALUTEC®, and ANZIO®. Headquartered in
Non-GAAP Financial Measures
In addition to the results reported in accordance with GAAP included throughout this earnings release, this release refers to the following non-GAAP measures:
“Adjusted EBITDA,” defined as earnings before interest income and expense, income taxes, depreciation, amortization, restructuring charges and other closure costs and impairments of long-lived assets and investments, changes in fair value of redeemable preferred stock embedded derivative liability, acquisition and integration and certain hiring and separation related costs, proxy contest fees, gains associated with early debt extinguishment and accounts receivable factoring fees. “Value-Added Sales,” defined as net sales less the value of aluminum and services provided by outsourced service providers that are included in net sales. “Value-Added Sales Adjusted for Foreign Exchange,” defined as Value-Added Sales adjusted for the impact of foreign exchange translation. “Content per Wheel,” defined as Value-Added Sales Adjusted for FX on a per unit (wheel) shipment basis. “Free Cash Flow,” defined as the net cash from operations, investing activities, and non-debt components of financing activities. “Net Debt,” defined as total funded debt less cash and cash equivalents.
For reconciliations of these non-GAAP measures to the most directly comparable GAAP measure, see the attached supplemental data pages. Management believes these non-GAAP measures are useful to management and may be useful to investors in their analysis of Superior’s financial position and results of operations. Further, management uses these non-GAAP financial measures for planning and forecasting purposes. This non-GAAP financial information is provided as additional information for investors and is not in accordance with or an alternative to GAAP and may be different from similar measures used by other companies.
Forward-Looking Statements
This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts and can generally be identified by the use of future dates or words such as “assumes”, “may,” “should,” “could,” “will,” “expects,” “expected,” “seeks to,” “anticipates,” “plans,” “believes,” “estimates,” “intends,” “outlook,” “guidance,” “predicts,” “projects,” “potential” or “continue,” or the negative of such terms and other comparable terminology. These statements also include, but are not limited to, the 2021 outlook included herein, the impact of COVID-19 and supply chain disruption on our future business results, operations and prospects, Superior’s strategic and operational initiatives, product mix and overall cost improvement and are based on current expectations, estimates, and projections about Superior's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, risks, and uncertainties discussed in Superior's
| Condensed Consolidated Statements of Operations (Unaudited) | ||||||||||||||||
| (Dollars in Millions, Except Per Share Amounts) | ||||||||||||||||
Three Months |
|
Nine Months |
||||||||||||||
3Q 2021 |
|
3Q 2020 |
|
YTD 2021 |
|
YTD 2020 |
||||||||||
$ |
310.8 |
|
$ |
317.1 |
|
$ |
1,016.4 |
|
$ |
763.1 |
|
|||||
| Cost of Sales |
|
292.6 |
|
|
285.1 |
|
|
922.6 |
|
|
730.8 |
|
||||
| Gross Profit | $ |
18.1 |
|
$ |
32.0 |
|
$ |
93.8 |
|
$ |
32.3 |
|
||||
| SG&A Expenses |
|
10.8 |
|
|
12.7 |
|
|
45.2 |
|
|
36.5 |
|
||||
| Impairment of |
|
- |
|
|
- |
|
|
- |
|
|
193.6 |
|
||||
| Income (Loss) From Operations | $ |
7.4 |
|
$ |
19.2 |
|
$ |
48.6 |
|
$ |
(197.9 |
) |
||||
| Interest Expense, net |
|
(10.6 |
) |
|
(10.4 |
) |
|
(31.4 |
) |
|
(34.4 |
) |
||||
| Other Expense, net |
|
(2.1 |
) |
|
(1.6 |
) |
|
(6.0 |
) |
|
(0.9 |
) |
||||
| (Loss) Income Before Income Taxes | $ |
(5.3 |
) |
$ |
7.2 |
|
$ |
11.2 |
|
$ |
(233.3 |
) |
||||
| Income Tax (Provision) Benefit |
|
(1.8 |
) |
|
3.9 |
|
|
(3.6 |
) |
|
11.1 |
|
||||
| Net (Loss) Income | $ |
(7.2 |
) |
$ |
11.1 |
|
$ |
7.6 |
|
$ |
(222.2 |
) |
||||
| (Loss) Earnings Per Share: | ||||||||||||||||
| Basic | $ |
(0.61 |
) |
$ |
0.12 |
|
$ |
(0.69 |
) |
$ |
(9.66 |
) |
||||
| Diluted | $ |
(0.61 |
) |
$ |
0.12 |
|
$ |
(0.69 |
) |
$ |
(9.66 |
) |
||||
| Weighted Average and Equivalent Shares Outstanding for EPS (in Thousands): |
||||||||||||||||
| Basic |
|
26,129 |
|
|
25,592 |
|
|
25,938 |
|
|
25,466 |
|
||||
| Diluted |
|
26,129 |
|
|
25,710 |
|
|
25,938 |
|
|
25,466 |
|
||||
| Condensed Consolidated Balance Sheets (Unaudited) | ||||||||
| (Dollars in Millions) | ||||||||
| Current Assets | $ |
422.5 |
|
$ |
383.7 |
|
||
| Property, Plant and Equipment, net |
|
501.8 |
|
|
522.1 |
|
||
| Intangibles and Other Assets |
|
168.0 |
|
|
203.6 |
|
||
| Total Assets | $ |
1,092.3 |
|
$ |
1,109.3 |
|
||
| Current Liabilities | $ |
247.2 |
|
$ |
231.1 |
|
||
| Long-Term Liabilities |
|
698.8 |
|
|
718.6 |
|
||
| Redeemable Preferred Shares |
|
194.6 |
|
|
179.4 |
|
||
| European Non-controlling Redeemable Equity |
|
1.6 |
|
|
1.7 |
|
||
| Shareholders’ Equity (Deficit) |
|
(49.9 |
) |
|
(21.5 |
) |
||
| Total Liabilities and Shareholders’ Deficit | $ |
1,092.3 |
|
$ |
1,109.3 |
|
||
| Consolidated Statements of Cash Flows (Unaudited) | ||||||||||||||||
| (Dollars in Millions) | ||||||||||||||||
Three Months |
|
Nine Months |
||||||||||||||
3Q 2021 |
|
|
3Q 2020 |
|
|
YTD 2021 |
|
YTD 2020 |
||||||||
| Net (Loss) Income | $ |
(7.2 |
) |
$ |
11.1 |
|
$ |
7.6 |
|
$ |
(222.2 |
) |
||||
| Depreciation and Amortization |
|
24.5 |
|
|
24.8 |
|
|
75.4 |
|
|
73.1 |
|
||||
| Income tax, Non-cash Changes |
|
(1.3 |
) |
|
(5.4 |
) |
|
(4.2 |
) |
|
(19.4 |
) |
||||
| Impairments of |
|
- |
|
|
- |
|
|
- |
|
|
193.6 |
|
||||
| Stock-based Compensation |
|
2.5 |
|
|
0.5 |
|
|
6.8 |
|
|
0.7 |
|
||||
| Amortization of Debt Issuance Costs |
|
0.5 |
|
|
0.9 |
|
|
3.2 |
|
|
3.1 |
|
||||
| Other Non-cash items |
|
(6.8 |
) |
|
1.0 |
|
|
(10.7 |
) |
|
(1.5 |
) |
||||
| Changes in Operating Assets and Liabilities: | ||||||||||||||||
| Accounts Receivable |
|
(10.7 |
) |
|
(13.9 |
) |
|
(47.9 |
) |
|
(4.1 |
) |
||||
| Inventories |
|
(20.4 |
) |
|
12.2 |
|
|
(66.5 |
) |
|
29.3 |
|
||||
| Other Assets and Liabilities |
|
(1.4 |
) |
|
10.3 |
|
|
14.5 |
|
|
11.5 |
|
||||
| Accounts Payable |
|
(27.2 |
) |
|
58.7 |
|
|
7.2 |
|
|
27.4 |
|
||||
| Income Taxes |
|
0.9 |
|
|
(0.6 |
) |
|
(0.1 |
) |
|
0.7 |
|
||||
| Cash Flow (Used In) Provided By Operating Activities | $ |
(46.5 |
) |
$ |
99.6 |
|
$ |
(14.6 |
) |
$ |
92.5 |
|
||||
| Capital Expenditures |
|
(27.0 |
) |
|
(10.8 |
) |
|
(47.6 |
) |
|
(33.6 |
) |
||||
| Proceeds from Sale of Property, Plant and Equipment |
|
6.6 |
|
|
0.9 |
|
|
6.6 |
|
|
0.9 |
|
||||
$ |
(20.4 |
) |
$ |
(10.0 |
) |
$ |
(41.0 |
) |
$ |
(32.7 |
) |
|||||
| Proceeds from the Issuance of Long-term Debt |
|
- |
|
|
- |
|
|
1.7 |
|
|
11.7 |
|
||||
| Debt Repayment |
|
(1.4 |
) |
|
(0.8 |
) |
|
(3.6 |
) |
|
(24.9 |
) |
||||
| Proceeds from Borrowings on Revolving Credit Facility |
|
- |
|
|
100.0 |
|
|
- |
|
|
313.8 |
|
||||
| Repayments of Borrowings on Revolving Credit Facility |
|
- |
|
|
(209.9 |
) |
|
- |
|
|
(316.9 |
) |
||||
| Cash Dividends |
|
(3.4 |
) |
|
(3.4 |
) |
|
(10.1 |
) |
|
(10.2 |
) |
||||
| Financing Costs Paid and Other |
|
- |
|
|
- |
|
|
(4.3 |
) |
|
(5.0 |
) |
||||
| Payments Related to Tax Withholdings for Stock-Based Compensation |
|
(0.1 |
) |
|
- |
|
|
(1.5 |
) |
|
- |
|
||||
| Finance Lease Payments |
|
(0.4 |
) |
|
(0.2 |
) |
|
(1.0 |
) |
|
(0.7 |
) |
||||
| Cash Flow Used In Financing Activities | $ |
(5.4 |
) |
$ |
(114.4 |
) |
$ |
(18.9 |
) |
$ |
(32.1 |
) |
||||
| Effect of Exchange Rate on Cash |
|
(0.7 |
) |
|
5.0 |
|
|
(1.9 |
) |
|
5.5 |
|
||||
| Net Change in Cash | $ |
(73.1 |
) |
$ |
(19.6 |
) |
$ |
(76.3 |
) |
$ |
33.2 |
|
||||
| Cash - Beginning |
|
149.2 |
|
|
130.7 |
|
|
152.4 |
|
|
77.9 |
|
||||
| Cash - Ending | $ |
76.1 |
|
$ |
111.1 |
|
$ |
76.1 |
|
$ |
111.1 |
|
||||
| Earnings Per Share Calculation (Unaudited) | ||||||||||||||||
| (Dollars and Outstanding Shares in Millions, Except Per Share Amounts) | ||||||||||||||||
Three Months |
|
Nine Months |
||||||||||||||
3Q 2021 |
|
3Q 2020 |
YTD 2021 |
|
YTD 2020 |
|||||||||||
| Basic EPS Calculation(1) | ||||||||||||||||
| Net (Loss) Income | $ |
(7.2 |
) |
$ |
11.1 |
|
$ |
7.6 |
|
$ |
(222.2 |
) |
||||
| Less: Accretion of Preferred Stock |
|
(5.2 |
) |
|
(4.6 |
) |
|
(15.2 |
) |
|
(13.6 |
) |
||||
| Less: Redeemable Preferred Stock Dividends |
|
(3.4 |
) |
|
(3.4 |
) |
|
(10.1 |
) |
|
(10.2 |
) |
||||
| Less: European Noncontrolling Redeemable Equity Dividends |
|
(0.1 |
) |
|
(0.1 |
) |
|
(0.1 |
) |
|
(0.1 |
) |
||||
| Numerator | $ |
(15.9 |
) |
$ |
3.0 |
|
$ |
(17.8 |
) |
$ |
(246.1 |
) |
||||
| Denominator: Weighted Avg. Shares Outstanding |
|
26.1 |
|
|
25.6 |
|
|
25.9 |
|
|
25.5 |
|
||||
| Basic (Loss) Earnings Per Share | $ |
(0.61 |
) |
$ |
0.12 |
|
$ |
(0.69 |
) |
$ |
(9.66 |
) |
||||
| Diluted EPS Calculation(1) | ||||||||||||||||
| Net (Loss) Income | $ |
(7.2 |
) |
$ |
11.1 |
|
$ |
7.6 |
|
$ |
(222.2 |
) |
||||
| Less: Accretion of Preferred Stock |
|
(5.2 |
) |
|
(4.6 |
) |
|
(15.2 |
) |
|
(13.6 |
) |
||||
| Less: Redeemable Preferred Stock Dividends |
|
(3.4 |
) |
|
(3.4 |
) |
|
(10.1 |
) |
|
(10.2 |
) |
||||
| Less: European Noncontrolling Redeemable Equity Dividends |
|
(0.1 |
) |
|
(0.1 |
) |
|
(0.1 |
) |
|
(0.1 |
) |
||||
| Numerator | $ |
(15.9 |
) |
$ |
3.0 |
|
$ |
(17.8 |
) |
$ |
(246.1 |
) |
||||
| Weighted Avg. Shares Outstanding-Basic |
|
26.1 |
|
|
25.6 |
|
|
25.9 |
|
|
25.5 |
|
||||
| Dilutive Stock Options and Restricted Stock Units |
|
- |
|
|
0.1 |
|
|
- |
|
|
- |
|
||||
| Denominator: Weighted Avg. Shares Outstanding |
|
26.1 |
|
|
25.7 |
|
|
25.9 |
|
|
25.5 |
|
||||
| Diluted (Loss) Earnings Per Share | $ |
(0.61 |
) |
$ |
0.12 |
|
$ |
(0.69 |
) |
$ |
(9.66 |
) |
||||
| (1) Basic earnings per share is computed by dividing net income (loss), after deducting preferred dividends and accretion and European non-controlling redeemable equity dividends, by the weighted average number of common shares outstanding. For purposes of calculating diluted earnings per share, the weighted average shares outstanding includes the dilutive effect of outstanding stock options and time and performance based restricted stock units under the treasury stock method. The redeemable preferred shares are not included in the diluted earnings per share because the conversion would be anti-dilutive for the periods ended |
| Non-GAAP Financial Measures (Unaudited) | |||||||||||||||||
| (Dollars in Millions and Unit Shipments in Thousands, Except Per Wheel) | |||||||||||||||||
| Value-Added Sales; Value-Added Sales Adjusted for FX; and Content per Wheel | |||||||||||||||||
Three Months |
|
Nine Months |
|||||||||||||||
3Q 2021 |
|
3Q 2020 |
|
YTD 2021 |
|
YTD 2020 |
|||||||||||
$ |
310.8 |
|
$ |
317.1 |
|
$ |
1,016.4 |
|
$ |
763.1 |
|
||||||
| Less: Aluminum Value and Outside Service Provider Costs |
|
(148.6 |
) |
|
(124.6 |
) |
|
(451.5 |
) |
|
(316.2 |
) |
|||||
| Value-Added Sales | $ |
162.2 |
|
$ |
192.5 |
|
$ |
564.9 |
|
$ |
446.8 |
|
|||||
| Impact of FX on Value-Added Sales |
|
(0.8 |
) |
|
- |
|
|
(18.9 |
) |
|
- |
|
|||||
| Value-Added Sales Adjusted for FX | $ |
161.4 |
|
$ |
192.5 |
|
$ |
546.0 |
|
$ |
446.8 |
|
|||||
| Wheels Shipped |
|
3,500 |
|
|
4,362 |
|
|
12,193 |
|
|
10,737 |
|
|||||
| Content per Wheel | $ |
46.12 |
|
$ |
44.13 |
|
$ |
44.78 |
|
$ |
41.61 |
|
|||||
| Adjusted EBITDA | Three Months |
|
Nine Months |
||||||||||||||
3Q 2021 |
|
3Q 2020 |
|
YTD 2021 |
|
|
YTD 2020 |
||||||||||
| Net (Loss) Income | $ |
(7.2 |
) |
$ |
11.1 |
|
$ |
7.6 |
$ |
(222.2 |
) |
||||||
| Adjusting Items: | |||||||||||||||||
| - Interest Expense, net |
|
10.6 |
|
|
10.4 |
|
|
31.4 |
|
34.4 |
|
||||||
| - Income Tax Provision (Benefit) |
|
1.8 |
|
|
(3.9 |
) |
|
3.6 |
|
(11.1 |
) |
||||||
| - Depreciation |
|
18.0 |
|
|
18.3 |
|
|
55.5 |
|
54.4 |
|
||||||
| - Amortization |
|
6.5 |
|
|
6.5 |
|
|
19.9 |
|
18.8 |
|
||||||
| - Acquisition, Integration, and Other Related Cost |
|
(0.5 |
) |
|
3.8 |
|
|
9.9 |
|
13.7 |
|
||||||
| - Factoring Fees |
|
0.5 |
|
|
0.4 |
|
|
1.5 |
|
0.8 |
|
||||||
| - Impairment of |
|
- |
|
|
- |
|
|
- |
|
193.6 |
|
||||||
$ |
36.9 |
|
$ |
35.5 |
|
$ |
121.8 |
$ |
304.6 |
|
|||||||
| Adjusted EBITDA | $ |
29.8 |
|
$ |
46.7 |
|
$ |
129.3 |
$ |
82.6 |
|
||||||
|
|||||||||||||||||
Non-GAAP Financial Measures (Unaudited) |
|||||||||||||||||
(Dollars in Millions) |
|||||||||||||||||
| Free Cash Flow | Three Months |
|
Nine Months |
||||||||||||||
3Q 2021 |
|
3Q 2020 |
|
YTD 2021 |
|
YTD 2020 |
|||||||||||
| Cash Flow (Used In) Provided By Operating Activities | $ |
(46.5 |
) |
$ |
99.6 |
|
$ |
(14.6 |
) |
$ |
92.5 |
|
|||||
|
(20.4 |
) |
|
(10.0 |
) |
|
(41.0 |
) |
|
(32.7 |
) |
||||||
| Less: Cash Payments for Non-debt Financing Activities |
|
(3.5 |
) |
|
(3.4 |
) |
|
(11.7 |
) |
|
(15.2 |
) |
|||||
| Free Cash Flow | $ |
(70.4 |
) |
$ |
86.2 |
|
$ |
(67.3 |
) |
$ |
44.6 |
|
|||||
|
||||||||
Non-GAAP Financial Measures (Unaudited) |
||||||||
(Dollars in Millions) |
||||||||
| Net Debt | ||||||||
| Long Term Debt (Less Current Portion) (1) | $ |
617.9 |
|
$ |
637.1 |
|
||
| Short Term Debt |
|
6.3 |
|
|
6.1 |
|
||
| Total Debt (1) |
|
624.2 |
|
|
643.2 |
|
||
| Less: Cash and Cash Equivalents |
|
(76.1 |
) |
|
(152.4 |
) |
||
| Net Debt | $ |
548.1 |
|
$ |
490.8 |
|
||
| (1) Excluding Debt Issuance Cost | ||||||||
| Non-GAAP Financial Measures (Unaudited) | |||||||||
| (Dollars in Millions) | |||||||||
| Outlook for Full Year 2021 Value-Added Sales | |||||||||
| Net Sales Outlook | $ |
1,330.0 |
|
$ |
1,360.0 |
|
|||
| Less: Aluminum Value and Outside Service Provider Costs |
|
(605.0 |
) |
|
(620.0 |
) |
|||
| Value-Added Sales Outlook | $ |
725.0 |
|
$ |
740.0 |
|
|||
View source version on businesswire.com: https://www.businesswire.com/news/home/20211103005316/en/
Superior Investor Relations
(248) 234-7104
Investor.Relations@supind.com
Source:
FAQ
What were the net sales for Superior Industries in Q3 2021?
What is the outlook for Superior Industries for the remainder of 2021?
What was the net loss reported by Superior Industries for Q3 2021?
How much did Adjusted EBITDA decrease for Superior Industries in Q3 2021?
