Superior Industries Q1 net loss $33M, sales $316M; expects FY Adj EBITDA ~$190M

SUPERIOR INDUSTRIES INTERNATIONAL INC

2024-Q1 EPS reported -$1.52 revenue$316,276,000

Net sales $316M, down 4% YoY after adjusting for aluminum costs and deconsolidation; Value-Added Sales $171M, down 6%.
Net loss $33M; Adjusted EBITDA $31M; Unlevered Free Cash Flow $8M.
Exited German manufacturing facility (SPG); production ceased, business transferring to Poland.
FY2024 guidance: Adj EBITDA ~$190M on unit sales >15 million.
Europe Value-Added Sales $71.5M (down 26% YoY); North America $100.7M (down 5% YoY).

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

SUPERIOR INDUSTRIES INTERNATIONAL INC updated its first quarter ended March 31, 2024 guidance (reaffirmed).

Period: first quarter ended March 31, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 2, 2024, Superior Industries International, Inc. (“Superior”) issued a press release announcing the results of operations for the first quarter ended March 31, 2024 and provided the outlook for 2024.

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Source: SEC EDGAR

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