Tag Archives: Aluminum Wheels

Superior Industries Shipments Hit Record, But Profits Plunge On Acquisition

SOUTHFIELD — Superior Industries International Inc. (NYSE:SUP), the global manufacturer of aluminum wheels, reported a loss of $7.3 million or 41 cents a share in the quarter ended June 25, compared to net income of $13.2 million or 52 cents a share a year earlier.

Revenue was $240.6 million, up from $182.7 million a year earlier.

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Superior Industries Sales, Net Income Dip

SOUTHFIELD — Superior Industries International Inc. (NYSE:SUP), the Southfield-based manufacturer of aluminum wheels for light vehicles, reported net income of $7.8 million or 31 cents a share in the fourth fiscal quarter ended Dec. 25, down from $8.1 million or 31 cents a share in the same quarter a year earlier. Revenue was $188.3 million, down from $194.6 million a year earlier. Continue reading Superior Industries Sales, Net Income Dip

Superior Swings To Profit Despite Flat Sales

SOUTHFIELD — Superior Industries International Inc. (NYSE:SUP), the Southfield-based manufacturer of aluminum wheels for passenger cars and light-duty vehicles, reported net income of $4.9 million or 19 cents a share in the third fiscal quarter ended Sept. 27, up from a loss of $2.4 milion or 9 cents a share in the same quarter a year earlier.

Revenue for the quarter was $175.7 million, down 0.4 percent from $176.4 million in the same quarter a year earlier.

For the nine months, net income was $15.8 million or 59 cents a share, up from $7.4 million or 27 cents a share a year earlier. Revenue was $533.3 million, down 4.6 percent from $558.8 million a year earlier.

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Superior Industries Profits Rise Despite Sales Dip

SOUTHFIELD — Superior Industries International Inc. (NYSE:SUP), the largest manufacturer of aluminum wheels for passenger cars and light-duty vehicles in North America, reported net income of $6.5 million or 24 cents a share in its second fiscal quarter ended June 28, up from $5 million ro 18 cents a share in the same quarter a year earlier.

Revenue was $183.9 million, down from $199 million a year earlier.

For the six months, net income was $10.9 million or 40 cents a share, up from $9.9 million or 36 cents a share a year earlier. Revenue was $357.7 million, down from $382.4 million in the first half of 2014.

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Superior Industries Sales, Profits Dip

SOUTHFIELD — Superior Industries International Inc. (NYSE:SUP) reported a decline in both revenue and net income for the fiscal quarter and fiscal year ended Dec. 28.

For the full year, revenue was $745.4 million, down from $789.6 million in fiscal 2013. Net income was $8.8 million or 33 cents a share, down from $22.8 million or 83 cents a year in fiscal 2013.

For the quarter, revenue was $186.7 millilon, down from $192.5 million in the same quarter a year earlier. Net income was $1.4 million or 5 cents a share, down from $6.4 million or 23 cents a share a year earlier.

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Superior Industries 2015 Outlook Brighter For Cash Flow

SOUTHFIELD — Superior Industries International Inc. (NYSE:SUP), the largest manufacturer of aluminum wheels for passenger cars and light-duty vehicles in North America, said Modnay it expected higher margins for 2015 as part of its financial outlook for the year.

Overall, Superior predicted sales of $725 million to $800 million.

As for earnings before interest, taxes, depreciation and amortization — typically known as cash flow — margins were expected to rise 1 to 2 percentage points in 2015 over 2014 levels.

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