UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-06615 SUPERIOR INDUSTRIES INTERNATIONAL, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 95-2594729 (State or Other Ju ...

Financial Data and Key Metrics Changes - Net sales for Q1 2025 were $322 million, compared to $316 million in the prior year period, indicating a slight increase [15] - Adjusted EBITDA for Q1 2025 was $25 million, with a margin of 15%, down from $31 million and 18% in the prior year [16] - The net loss for Q1 2025 was $13 million, which is a $20 million improvement compared to the same period last year [16] - Unlevered free cash flow increased to $33 million from $8 million in the prior year, driven by lower working capital [19] Business Line Data and Key Metrics Changes - Value-added sales decreased by approximately $3 million compared to the prior year, primarily due to lower unit sales and negative FX impact, partially offset by favorable pricing [16] - The adjusted EBITDA margin decreased due to unfavorable cost absorption from lower production volumes and metal timing [17] Market Data and Key Metrics Changes - The company experienced a significant increase in quoting activity, with over 53 million lifetime views year-to-date, double the level compared to the same time last year [5][11] - Tariff dynamics have created a favorable environment for localization in North America and Europe, with tariffs on Chinese imports exceeding 100% and Moroccan imports nearly 50% [10] Company Strategy and Development Direction - The company is focusing on securing short-term liquidity and is in discussions for a broader recapitalization transaction to deleverage the balance sheet [7][21] - The strategy includes enhancing the local manufacturing footprint in Mexico and Poland to capitalize on localization trends [5][11] - The company aims to position itself as a premier wheel solutions provider with a strong capital structure [7] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging macroeconomic environment but highlighted the company's competitive advantages and opportunities arising from tariff pressures [4][5] - The company is suspending its full-year 2025 guidance due to uncertainties stemming from recent events and ongoing discussions with lenders [22] Other Important Information - The company has received a commitment letter from term loan lenders for up to $70 million in additional term loans, subject to certain conditions [21] - Total cash on the balance sheet as of March 31, 2025, was $54 million, with no amounts drawn on the $60 million revolving credit facility [20] Q&A Session Summary - There were no questions taken during the call, as management focused on providing updates and expressing gratitude for the team's efforts in a challenging environment [23]

First Quarter 2025 Earnings Conference Call May 12, 2025 Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements This presentation and webcast contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts and can generally be identified by the use of future dates or words such as "assumes,", "may," "shou ...

Exhibit 99.1 News Release Superior Reports First Quarter 2025 Financial Results First Quarter 2025 Highlights: SOUTHFIELD, MICHIGAN – May 12, 2025– Superior Industries International, Inc. ("Superior" or the "Company") (NYSE:SUP) today reported financial results for the first quarter ended March 31, 2025. | ($ in millions) | | | Three Months | | | --- | --- | --- | --- | --- | | | 1Q 2025 | | | 1Q 2024 | | Net Sales | | | | | | North America | $ | 203.7 | $ | 193.5 | | Europe | | 117.9 | | 122.8 | | Global | ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Commission file number: 001-6615 SUPERIOR INDUSTRIES INTERNATIONAL, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 95-2594729 (State or Other Jurisdiction of Incorporation or Organization) 26600 Telegraph Road, Suite 400 Southfield, Michigan 48033 (Address of ...

Financial Data and Key Metrics Changes - For Q4 2024, net sales were $310 million, slightly up from $309 million in the prior year, while full-year net sales decreased to $1.3 billion from $1.4 billion [28] - Adjusted EBITDA for Q4 was $35 million with a margin of 21%, compared to $23 million and 14% in the prior year [31] - Full-year adjusted EBITDA was $146 million, maintaining a margin of 21%, despite a $13 million decline from the previous year [33] Business Line Data and Key Metrics Changes - Adjusted value-added sales declined 4% year-over-year, consistent with the overall industry decline, with a full-year decrease of $57 million primarily due to lower unit sales [10][30] - The company achieved a stable adjusted EBITDA margin of 21% despite lower production volumes, reflecting effective restructuring and cost optimization efforts [33][16] Market Data and Key Metrics Changes - The company anticipates a 4% decline in industry production for 2025, with Europe expected to face a 6% decline and North America a 2% decline [11][53] - The company expects to outperform the market due to new business wins and a strong aftermarket segment [55] Company Strategy and Development Direction - The company has positioned itself as a global technology and cost leader in the wheel industry, focusing on local manufacturing to meet customer demands [7][9] - The company aims to generate cash, accelerate debt reduction, and optimize its equity base to enhance long-term shareholder value [10][40] - The focus remains on operational excellence and leveraging a differentiated portfolio for long-term profitable growth [24][25] Management's Comments on Operating Environment and Future Outlook - Management highlighted the successful completion of restructuring initiatives and the consolidation of European manufacturing in Poland as key achievements [8][9] - The company is closely monitoring the impact of recent tariffs and expects to update its financial outlook as more clarity emerges [20][42] - Management expressed confidence in the company's competitive advantages and the potential for growth despite industry challenges [89] Other Important Information - The company completed a significant refinancing, attracting $520 million in new capital and extending debt maturities to 2028, strengthening its financial foundation [9][38] - Unlevered free cash flow for 2025 is expected to be between $110 million and $130 million, driven by improved profitability and working capital management [40] Q&A Session Summary Question: Implications of capacity in Europe and North America - Management indicated that there is currently about 20% excess capacity in both regions, allowing for potential short-term business opportunities [46][48] Question: Guidance based on market predictions - Management confirmed that the guidance reflects a slight outperformance against the market, driven by new business wins and a strong aftermarket segment [55][56] Question: Cash flow and preferred dividends - Management clarified that preferred dividends are being picked, and the redemption is contingent on the company's ability to fund the payment [64][66] Question: Exposure to Mexico tariffs - Management explained that less than 20% of production is exposed to tariffs, with most customers being the importers of record [72][74] Question: Covenant numbers with new capital structure - Management provided details on the covenant ratio, which is set at 3.75% for Q4 and Q1, dropping to 3.5% at the end of Q2 [82][84]

Superior Industries International, Inc. (NYSE:SUP) Q4 2024 Results Conference Call March 5, 2025 8:30 AM ET Company Participants Dan Lee - Senior Vice President and Chief Financial Officer Majdi Abulaban - President and Chief Executive Officer Conference Call Participants Michael Ward - Freedom Capital Gary Prestopino - Barrington Research Operator Thank you for standing by, and good day, everyone. My name is Archie and I will be your conference operator today. At this time, I would like to welcome everyone ...

Financial Performance - Full Year 2024 Net Sales were $1,267 million, a decrease of 8.5% from $1,385 million in 2023[7] - Fourth Quarter 2024 Net Sales were $310 million, slightly up from $309 million in the prior year period[15] - Full Year 2024 Value-Added Sales were $691 million, down from $747.6 million in 2023[4] - Full Year 2024 Net Loss was $78 million, compared to a Net Loss of $93 million in 2023[11] - Net sales for Q4 2024 were $310.3 million, a slight increase from $308.7 million in Q4 2023, while year-to-date (YTD) sales decreased to $1,267.3 million from $1,385.3 million in the previous year[36] - Value-Added Sales for Q4 2024 were $167.9 million, down from $174.3 million in Q4 2023, with YTD Value-Added Sales at $690.4 million compared to $720.9 million in 2023[43] - Net Income for Q4 2024 was a loss of $9.6 million, compared to a loss of $2.5 million in Q4 2023, with YTD Net Income at a loss of $78.2 million compared to a loss of $92.9 million in 2023[43] EBITDA and Cash Flow - Adjusted EBITDA for Full Year 2024 was $146 million, representing a 21% margin, consistent with the prior year[12] - Fourth Quarter 2024 Adjusted EBITDA was $35 million, or 21% of Value-Added Sales, up from $23 million in the prior year[20] - Adjusted EBITDA for Q4 2024 was $34.7 million, up from $23.1 million in Q4 2023, maintaining a 21% margin on value-added sales[36] - Unlevered Free Cash Flow for 2024 was $55 million, a decrease of $25 million compared to the prior year[14] - Free Cash Flow for Q4 2024 was $18.9 million, down from $25.8 million in Q4 2023, with YTD Free Cash Flow at $(14.7) million compared to $1.9 million in 2023[44] - Unlevered Free Cash Flow for Q4 2024 was $36.0 million, a decrease from $50.1 million in Q4 2023, while YTD Unlevered Free Cash Flow decreased to $55.4 million from $80.0 million in 2023[44] Debt and Assets - As of December 31, 2024, Total Debt was $520 million, down from $638 million in 2023[23] - Long-term debt decreased to $481.4 million as of December 31, 2024, from $610.6 million a year earlier, indicating a reduction in financial leverage[38] - Total assets decreased to $740.1 million as of December 31, 2024, down from $1,030.6 million a year earlier, primarily due to a reduction in cash and cash equivalents[38] - Cash and cash equivalents at the end of Q4 2024 were $40.1 million, a significant decline from $201.6 million at the end of Q4 2023[39] - Total Debt as of December 31, 2024, was $519.8 million, down from $637.5 million as of December 31, 2023[44] - Net Debt as of December 31, 2024, was $479.7 million, an increase from $435.9 million as of December 31, 2023[44] Future Outlook - The 2025 Outlook projects Net Sales between $1.30 billion and $1.40 billion[24] - The 2025 Outlook for Adjusted EBITDA is between $160 million and $180 million[24] - The company anticipates challenges in future growth due to rising costs of raw materials, labor, and energy, as well as supply chain disruptions[35] - The company has not provided specific guidance for 2025 but acknowledges the impact of external factors such as the Ukraine conflict on its operations[35][33] Operational Metrics - The company shipped 3,321 wheels in Q4 2024, down from 3,495 wheels in Q4 2023, with YTD shipments at 13,794 wheels compared to 14,562 wheels in 2023[43] - Gross profit for Q4 2024 was $29.1 million, significantly up from $14.8 million in Q4 2023, with YTD gross profit at $110.5 million compared to $115.7 million in YTD 2023[36] - The company experienced a net cash outflow from operating activities of $18.3 million for YTD 2024, compared to an inflow of $64.4 million in YTD 2023[39] Currency Effects - The company reported a currency effect on Value-Added Sales of $0.2 million in Q4 2024, with a total adjustment for foreign exchange resulting in $167.9 million in Value-Added Sales[43]

Financial Data and Key Metrics Changes - Net sales for Q3 2024 were nearly flat at $322 million compared to $323 million in the prior year period, with value-added sales decreasing to $171 million from $176 million [29] - Adjusted EBITDA increased to $41 million, with a margin of 24%, compared to $39 million and 22% in the prior year period [32] - The company reported a net loss of $25 million, an improvement of $61 million driven by the deconsolidation loss recorded in Q3 2023 [30] Business Line Data and Key Metrics Changes - Value-added sales adjusted for foreign exchange and deconsolidation declined 2% year-over-year, outperforming industry production which was down 6% [10] - North America business performed well, benefiting from earlier wins with Japanese OEMs, while European business faced lower production volumes [10][14] Market Data and Key Metrics Changes - Industry production is expected to decline by 6% in the second half of 2024, with North America down 3% and Europe down 11% [14][44] - The company expects to sustain improved margin levels despite the challenging market conditions [17] Company Strategy and Development Direction - The company has consolidated its manufacturing footprint in Mexico and Poland, providing a competitive advantage over competitors relying on higher-cost locations [8] - A targeted 15% reduction in SG&A and manufacturing overhead is expected to deliver $10 million to $15 million in run rate savings by early 2025 [15][16] - The company is focusing on leveraging its local footprint and premium technologies to drive long-term growth [27] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging volume environment for Tier 1 suppliers, with a combined volume decline of 9% in the second half of 2024 [42] - The company is lowering its full-year financial guidance due to the challenging OEM production environment but expects to maintain improved margin levels [17][38] Other Important Information - The company successfully refinanced its debt, attracting $520 million in new capital and extending debt maturities to 2028, while reducing total debt by $117 million [9][35] - The company has seen a 14% global headcount reduction to date, with ongoing efforts to improve operational efficiency [23] Q&A Session Summary Question: Issues with declining production in North America and Europe - Management indicated that the decline is split between both regions, with North America down 5% year-on-year and Europe down 6.5% [42][43] Question: Details on restructuring and potential savings - Management confirmed a restructuring aimed at global overhead, expecting $10 million to $15 million in EBITDA improvement in 2025 [48] Question: Clarification on refinancing terms - The refinancing interest rate is SOFR plus 750, with an effective rate of 12.6% in Q3, and the $1.3 million quarterly payment is part of the principal payments [56] Question: Working capital timing and expectations - Management confirmed that the working capital increase is due to timing, with expectations for it to unwind in Q4 [58]

Financial Performance - Net loss for the three months ended September 30, 2024, was $24,753 thousand, compared to a loss of $86,317 thousand for the same period in 2023, representing a 71.3% improvement[4]. - Comprehensive loss for the nine months ended September 30, 2024, was $119,050 thousand, compared to a loss of $36,864 thousand for the same period in 2023, indicating a significant decline in performance[4]. - For the three months ended September 30, 2024, the net loss was $24,753 thousand, compared to a net loss of $86,317 thousand for the same period in 2023, indicating an improvement in performance[8]. - The company reported a net loss of $68,626 thousand for the nine months ended September 30, 2024, compared to a net loss of $90,431 thousand for the same period in 2023, showing a reduction in losses[9]. - Comprehensive loss for the three months ended September 30, 2024, was $46.3 million, compared to a loss of $104.4 million for the same period in 2023[4]. - Net income for the nine months ended September 30, 2024, was a loss of $68,626 thousand, an improvement from a loss of $90,431 thousand for the same period in 2023, representing a 24% reduction in losses[7]. - Net income attributable to common shareholders for the three months ended September 30, 2024 was a loss of $24.8 million, compared to a loss of $86.3 million for the same period in 2023[60]. Assets and Liabilities - Total current assets decreased to $322,608 thousand as of September 30, 2024, down from $459,929 thousand at December 31, 2023, reflecting a 29.8% reduction[5]. - Cash and cash equivalents dropped to $24,280 thousand at the end of the period, down from $201,606 thousand at the beginning of the period, a decline of 88.9%[5]. - Long-term debt decreased to $483,255 thousand as of September 30, 2024, from $610,632 thousand at December 31, 2023, a reduction of 20.8%[5]. - The total liabilities decreased from $1,030.6 million at the end of 2023 to $801.7 million as of September 30, 2024, a reduction of approximately 22.2%[5]. - The balance of retained earnings (deficit) at September 30, 2024, was $(279,227) thousand, compared to $(166,531) thousand at September 30, 2023, indicating a deeper deficit[10]. - The accumulated other comprehensive loss increased to $(72,715) thousand as of September 30, 2024, compared to $(22,291) thousand at December 31, 2023[5]. Cash Flow and Financing Activities - Net cash used in operating activities for the nine months ended September 30, 2024, was $7,857 thousand, compared to cash provided of $20,093 thousand for the same period in 2023[7]. - Cash flows from investing activities resulted in a net cash outflow of $20,985 thousand for the nine months ended September 30, 2024, compared to $33,930 thousand for the same period in 2023[7]. - Proceeds from the issuance of long-term debt amounted to $337,317 thousand during the nine months ended September 30, 2024[7]. - The company reported a significant loss on extinguishment of debt amounting to $13,052 thousand for the nine months ended September 30, 2024[7]. - The company reported cash paid for interest during the period was $46,507 thousand, up from $43,078 thousand in the previous year[7]. - The company recognized a $0.9 million loss on extinguishment of debt related to the redemption of €250 million Senior Notes during the three and nine months ended September 30, 2024[55]. Stock and Equity - The company issued 794,613 shares of common stock during the nine months ended September 30, 2024, contributing to an increase in common stock amount to $120,093 thousand[9]. - The total stockholders' equity at September 30, 2024, was $(231,849) thousand, a decrease from $(90,076) thousand at September 30, 2023[10]. - Preferred stock dividends paid-in-kind amounted to $3.4 million and $6.8 million for the three and nine months ended September 30, 2024, increasing the stated value of preferred stock to $156.8 million[57]. - The stated value of preferred stock increased to $156.8 million as of September 30, 2024, from $150.0 million as of December 31, 2023[57]. Operational Metrics - The company’s principal business involves the design and manufacture of aluminum wheels for OEMs in North America and Europe, with a diversified global customer base[13]. - North America segment net sales for the three months ended September 30, 2024, were $206,233 million, compared to $194,873 million in the same period of 2023, while Europe segment net sales decreased to $115,524 million from $128,204 million[31]. - Total sales for the nine months ended September 30, 2024, were $957 million, a decline of 11.06% compared to $1,076.646 million in the same period of 2023[32]. - The company recognized a net sales of $321.8 million for the three months ended September 30, 2024, a slight decrease of 0.1% compared to $323.1 million for the same period in 2023[31]. - North America sales for the nine months ended September 30, 2024, were $602.944 million, a decrease of 1.22% from $614.696 million in the same period of 2023[32]. - Europe sales for the nine months ended September 30, 2024, were $354.056 million, down 23.36% from $461.950 million in the same period of 2023[32]. Accounting and Compliance - The company is currently evaluating the effects of adopting new accounting standards related to segment reporting and income tax disclosures, which may impact future financial reporting[17]. - The company’s financial statements are prepared in accordance with U.S. GAAP and include all necessary adjustments for fair presentation[14]. - The effective income tax rate for the three months ended September 30, 2024 was (3.7)%, and for the nine months it was (53.6)%, primarily due to valuation allowances and a deferred tax charge of $17.8 million[61]. Restructuring and Workforce - The company expects to record a charge between $8.5 million to $10.5 million in Q4 2024 related to a restructuring plan aimed at aligning its cost structure with forecasted industry volumes[77]. - The company initiated a program in 2023 to reduce its global workforce, incurring restructuring charges of $0.1 million and $8.0 million for the three and nine months ended September 30, 2023[76]. - The company expects to continue implementing headcount reductions through early February 2025[77]. Derivative Instruments and Risk Management - The Company has entered into interest rate swaps to mitigate interest rate risk, exchanging floating for fixed-rate interest payments[21]. - The Company hedges a portion of its forecasted foreign currency exposure up to 48 months to mitigate risks associated with foreign currency exchange rates[20]. - The total derivative financial instruments amounted to $24,166 million as of September 30, 2024, up from $22,015 million on December 31, 2023[24]. - The notional amount of derivative financial instruments decreased to $655,929 million as of September 30, 2024, from $694,306 million on December 31, 2023[25].