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 ...

Superior Industries International (SUP) Q1 2025 Earnings Call May 12, 2025 08:30 AM ET Company Participants Dan Lee - Senior VP & CFOMajdi Abulaban - President and CEO Operator Thank you for standing by. My name is Argy, and I will be your conference operator today. At this time, I would like to welcome everyone to the Superior Industries First Quarter twenty twenty five Earnings Call. We are joined this morning by Madji Abulaban, President and CEO Dan Lee, Senior Vice President and CFO. All lines have been ...

Superior Industries International (SUP) Q1 2025 Earnings Call May 12, 2025 08:30 AM ET Company Participants Dan Lee - Senior VP & CFOMajdi Abulaban - President and CEO Operator Thank you for standing by. My name is Argy, and I will be your conference operator today. At this time, I would like to welcome everyone to the Superior Industries First Quarter twenty twenty five Earnings Call. We are joined this morning by Madji Abulaban, President and CEO Dan Lee, Senior Vice President and CFO. All lines have been ...

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 ...

Financial Performance - Net Sales for Q1 2025 were $322 million, an increase from $316 million in Q1 2024, primarily driven by higher aluminum costs and product pricing[11] - Value-Added Sales for Q1 2025 were $169 million, down from $172 million in Q1 2024, with Value-Added Sales Adjusted for Foreign Exchange at $171 million, relatively flat year-over-year[11] - The Company reported a Net Loss of $13 million for Q1 2025, improving from a Net Loss of $33 million in Q1 2024, resulting in a Loss per Diluted Share of $0.92 compared to $1.52 in the prior year[14] - Adjusted EBITDA for Q1 2025 was $25 million, representing 15% of Value-Added Sales, down from $31 million or 18% in Q1 2024[15] - Net income improved to a loss of $12.9 million in Q1 2025, compared to a loss of $32.7 million in Q1 2024, reflecting a reduction in losses by 60.5%[35] - The company reported an adjusted EBITDA of $25.1 million for Q1 2025, down from $30.8 million in Q1 2024, a decline of 18.5%[38] Cash Flow and Debt Management - Cash Flow Provided by Operating Activities increased to $24 million in Q1 2025, compared to $3 million in Q1 2024, primarily due to changes in working capital[16] - Unlevered Free Cash Flow for Q1 2025 was $33 million, an increase of $25 million compared to the prior period[17] - Free cash flow for Q1 2025 was $16.8 million, a significant improvement compared to a negative free cash flow of $7.5 million in Q1 2024[39] - Total Debt as of March 31, 2025, was $516 million, with Net Debt at $462 million, a decrease from $520 million and $480 million respectively at the end of 2024[18][19] - Net debt decreased to $462.0 million as of March 31, 2025, down from $479.7 million on December 31, 2024, a reduction of 3.6%[39] Operational Metrics - The company shipped 3,419 wheels in Q1 2025, a decrease of 5.6% from 3,623 wheels in Q1 2024[38] - The content per wheel increased to $49.90 in Q1 2025, compared to $47.53 in Q1 2024, reflecting a growth of 4.9%[38] Guidance and Strategic Initiatives - The Company is withdrawing its 2025 fiscal year guidance due to macroeconomic uncertainties and recent customer volume losses[20] - Superior is engaged in discussions for a recapitalization transaction aimed at reducing debt and enhancing financial flexibility[8] Market Trends and Asset Management - The Company is experiencing unprecedented RFQ levels driven by localization trends among OEM customers in response to tariffs[9] - Total assets increased to $763.8 million as of March 31, 2025, up from $740.1 million on December 31, 2024, representing a growth of 3.0%[33] - Total current liabilities rose to $224.5 million as of March 31, 2025, compared to $195.9 million on December 31, 2024, an increase of 14.6%[33]

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]