Superior Industries International, Inc. ( (SUP) ) has released its Q4 earnings. Here is a breakdown of the information Superior Industries International, Inc. presented to its investors.
Superior Industries International, Inc. is a leading supplier of aluminum wheels, serving both original equipment manufacturers and the European aftermarket with a diverse range of high-quality products. The company is headquartered in Southfield, Michigan, and is listed on the New York Stock Exchange.
In its latest earnings report, Superior Industries International, Inc. announced its financial results for the fourth quarter and full year of 2024. The company highlighted significant milestones in its transformation efforts, including a successful global overhead reduction initiative and the completion of its European transformation. These strategic moves are aimed at enhancing the company’s competitive position and profitability.
For the full year 2024, Superior reported net sales of $1,267 million, a decrease from the previous year, and a net loss of $78 million. The company’s adjusted EBITDA stood at $146 million, maintaining a 21% margin. In the fourth quarter, net sales were $310 million, with a net loss of $10 million. Despite the challenging environment, Superior managed to maintain its EBITDA margin and improve its income from operations compared to the previous year.
Looking ahead, Superior Industries International, Inc. is focused on generating cash flow and leveraging its product technologies and global footprint for sustainable long-term growth. The company expects net sales for 2025 to range between $1.30 billion and $1.40 billion, with an adjusted EBITDA of $160 million to $180 million, indicating a cautiously optimistic outlook despite anticipated industry challenges.