secwatch.observer — SEC 8-K summary
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Issuer:     SUPERIOR INDUSTRIES INTERNATIONAL INC (—)
CIK:        0000095552
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000950170-24-051582
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/95552/000095017024051582/0000950170-24-051582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/95552/000095017024051582/sup-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-051582

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer