Streetbeat News

SUP

Superior Industries International, Inc.

https://www.supind.com

Industry

Auto - Parts

Superior Industries International, Inc. designs, manufactures, and sells aluminum wheels to the original equipment manufacturers and aftermarket distributors in North America and Europe. The company supplies aluminum wheels to the automobile and light truck manufacturers. It offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names. The company was founded in 1957 and is headquartered in Southfield, Michigan.

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Superior Industries has announced the refinancing of its senior secured term loan to $520 million and the redemption of €217 million senior notes due 2025. This move reduces the company's total debt from $627 million to $521 million, enhancing financial flexibility for growth strategy execution and long-term shareholder value.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:41 pm

Superior Industries International has updated its FY24 outlook, lowering its net sales forecast to $1.35B-$1.41B from the prior $1.38B-$1.48B, citing lower aluminum costs and reduced production volumes by OEMs. Adjusted EBITDA and Value-Added Sales forecasts were also lowered, while Unlevered Free Cash Flow estimates remain unchanged. Capital expenditures are expected to be around $40 million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:20 am

Superior Industries Intl (NYSE:SUP) reported Q2 2024 GAAP EPS of $(0.75), missing the $(0.49) estimate by 53.06%. Sales were $319M, missing the $361.074M estimate by 11.65% and down 14.39% from last year's $372.6M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:14 am

Superior Industries Intl (NYSE:SUP) reported Q1 2024 adjusted EPS of $(0.75), beating estimates by 11.76% but missed sales estimates with $316.3M, a 9.20% miss and a 16.98% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:02 pm

As of April 9, 2024, Superior Industries International, Inc. (SUP), Sweetgreen, Inc. (SG), and SharkNinja, Inc. (SN) are highlighted as overbought stocks in the consumer discretionary sector, based on their RSI values. SUP reported disappointing Q4 results but saw a 47% stock increase over five days. SG received a price target upgrade from Oppenheimer, with a 33% monthly stock gain. SN was initiated with an Overweight rating by JP Morgan, experiencing a 16% monthly stock increase.

Portfolio Pulse from Avi Kapoor

April 09, 2024 | 12:31 pm

Centerview Partners is in talks with private credit lenders to refinance Superior Industries International Inc.'s (SUP) outstanding debt. The aim is to refinance approximately €250 million ($270 million) of unsecured bonds due in 2025, alongside about $250 million of redeemable preferred stock. This move is part of efforts to manage the autoparts maker's upcoming debt maturities.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:34 pm

Barrington Research analyst Kevin Steinke has maintained an Outperform rating on Superior Industries Intl (NYSE:SUP) and increased the price target from $10 to $11.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 6:59 pm

Superior Industries Intl's shares dropped following the announcement of their Q4 financial results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:15 pm

Superior Industries Intl (NYSE:SUP) reported Q4 2023 GAAP EPS of $(0.440), missing the $(0.170) estimate, with sales of $308.600M also missing the $359.567M estimate, a 23.25% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:02 pm

Numerous companies are scheduled to report their quarterly earnings on March 7, 2024, with a mix of projected earnings and losses across various sectors. Notable mentions include CI&T, Stevanato Gr, ABM Industries, Bilibili, BJ's Wholesale Club, Burlington Stores, and many others, indicating a significant day for investors to monitor potential market movements.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 9:49 am

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