Superior Industries International Reaffirms FY23 Revenue Of $1.55B- $1.63B Vs. $1.56B Estimate
Portfolio Pulse from Benzinga Newsdesk
Superior Industries International has reaffirmed its full year 2023 outlook, with expected net sales of $1.55 billion to $1.63 billion, which is in line with the $1.56 billion estimate. The company also expects unit shipments of 15.0 - 15.8 million, value-added sales of $755 - $795 million, adjusted EBITDA of $170 - $190 million, cash flow from operations of $110 - $130 million, and capital expenditures of approximately $65 million.
August 04, 2023 | 12:59 pm
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Superior Industries' reaffirmation of its FY23 outlook, which is in line with estimates, may instill confidence in investors and potentially have a positive impact on its stock price in the short term.
Reaffirming financial outlooks, especially when they are in line with or exceed estimates, can be seen as a positive sign of a company's financial health and stability. This can lead to increased investor confidence, which can positively impact a company's stock price.
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