Financial Performance - Net Sales for Q3 2024 were $322 million, a slight decrease from $323 million in Q3 2023[4] - Value-Added Sales for Q3 2024 were $171 million, down from $176 million in the prior year[2] - Adjusted EBITDA for Q3 2024 was $41 million, representing a 24% margin, up from $39 million and 22% margin YoY[8] - The Company reported a Net Loss of $25 million for Q3 2024, an improvement from a Net Loss of $86 million in Q3 2023[7] - Gross profit for Q3 2024 increased to $28.6 million, representing a gross margin of 8.9%, compared to $25.3 million and 7.8% in Q3 2023[24] - Basic and diluted earnings per share for Q3 2024 were both $(1.24), compared to $(3.42) in Q3 2023[27] - The company reported a net loss of $24.8 million in Q3 2024, an improvement from a net loss of $86.3 million in Q3 2023[24] - Free cash flow for Q3 2024 was $(9.4) million, worsening from $(3.4) million in Q3 2023, with YTD free cash flow at $(33.6) million compared to $(23.9) million in YTD 2023[30] Debt and Capital Structure - Total Debt as of September 30, 2024, was $521 million, reduced from $630 million a year earlier[11] - The Company successfully completed debt refinancing, attracting $520 million in new capital[2] - Net debt as of September 30, 2024, was $496.7 million, a decrease from $623.1 million on September 30, 2023, while total debt decreased to $521.0 million from $629.8 million[31] - The company raised $337.3 million through the issuance of long-term debt in Q3 2024[26] - Shareholders' equity deficit increased to $(231.8) million as of September 30, 2024, compared to $(85.9) million at the end of 2023[25] Sales and Production - Full-year 2024 Net Sales outlook is adjusted to $1.25 - $1.33 billion, reflecting lower aluminum costs and production volumes[12] - Net sales for Q3 2024 were $321.8 million, a slight decrease of 0.4% compared to $323.1 million in Q3 2023[24] - Net sales for Q3 2024 were $321.8 million, a slight decrease from $323.1 million in Q3 2023, while year-to-date (YTD) sales were $957.0 million compared to $1,076.6 million in the same period last year[29] - Value-added sales for Q3 2024 were $171.0 million, down from $176.0 million in Q3 2023, with YTD value-added sales at $523.5 million compared to $578.9 million in YTD 2023[29] - Wheels shipped in YTD 2024 totaled 1,047 thousand, down from 1,106 thousand in YTD 2023[29] Expenses and Cash Flow - Unlevered Free Cash Flow for Q3 2024 was $9 million, a decrease of $3 million compared to the prior year[10] - SG&A expenses increased to $24 million in Q3 2024, up from $17 million in the prior year, primarily due to refinancing costs[5] - The company experienced a net cash outflow from operating activities of $(3.3) million in Q3 2024, compared to a cash inflow of $8.9 million in Q3 2023[26] - Capital expenditures for Q3 2024 were $(6.1) million, down from $(7.7) million in Q3 2023[26] - Capital expenditures for YTD 2024 were $21.0 million, down from $29.5 million in YTD 2023[30] Asset Management - Total assets decreased to $801.7 million as of September 30, 2024, down from $1,030.6 million at the end of 2023[25] - Current liabilities increased to $219.5 million from $198.9 million at the end of 2023[25] Foreign Exchange Impact - The impact of foreign exchange on value-added sales was $(1.0) million in Q3 2024, with a total impact of $(17.2) million for the trailing twelve months[29] Other Impacts - The company experienced a deconsolidation impact of $(2.7) million in Q3 2023, with a total impact of $(32.3) million in YTD 2023[29]

Financial Data and Key Metrics - Net sales decreased to $319 million in Q2 2024, down from $373 million in the prior year period, primarily due to the normalization of aluminum costs and the deconsolidation of SPG [15] - Value-added sales decreased to $280 million in Q2 2024, compared to $200 million in the prior year period, with $19 million of the decline attributed to SPG deconsolidation and foreign exchange impacts [15] - Adjusted EBITDA was $40 million in Q2 2024, with a margin of 22% of value-added sales, down from $52 million and a 26% margin in the prior year period [16] - Unlevered free cash flow improved to $2 million in Q2 2024, up from a negative $17 million in the prior year period, driven by lower cash used in operating activities [19] Business Line Performance - The company successfully exited its German manufacturing operations (SPG) and is ramping up production in Poland, which is expected to result in annual savings of $23 million to $25 million and reduce capital expenditures by approximately $10 million annually [14] - The company secured a record $1.7 billion wheel program with Volvo, valued at $100 million, which includes premium aerodynamic and lightweighting technologies and is expected to launch in Q4 2025 [8] - The company received an A rating in R&D from Audi, reflecting its strong portfolio and industry-leading R&D capabilities [8] Market Performance - Industry production declined by 3% in Q2 2024, with key customer production declining by 5%, while the company's value-added sales adjusted for foreign exchange and deconsolidation increased by 1% [6][11] - North American OEM production increased, but this was offset by softer production among European OEMs, though the company's operations in both regions grew ahead of their respective markets [11] Strategic Direction and Industry Competition - The company has refocused its portfolio on winning products and transformed its manufacturing footprint to a best-in-class, competitively advantaged local footprint, positioning it for sustainable growth and profitability [4] - The company has successfully pivoted pricing dialogues with OEMs from one-time price recoveries to permanent price increases, reflecting 90% of inflation in its pricing agreements [22] - The company is in advanced discussions with lenders to retire its senior unsecured notes, which will strengthen its balance sheet and position it for long-term growth [6] Management Commentary on Operating Environment and Future Outlook - The industry continues to face a complex landscape shaped by volume volatility, key customer shutdowns, higher dealer inventories, unfavorable production mix, and increased inflation in Europe [10] - The company expects long-term industry recovery supported by pent-up demand tailwinds, with the U.S. fleet age remaining at an all-time high [11] - The company updated its full-year 2024 outlook, reducing net sales and value-added sales expectations due to lower aluminum pricing and declines in industry production volumes, while maintaining margins and focusing on cash flow [7][20] Other Important Information - The company successfully executed a cost-effective facility closure in Germany and transferred production to Poland, resulting in a significant increase in unlevered free cash flow due to reduced capital employed and higher earnings [14] - The company expects to complete the transfer of wheels from Germany to Poland by Q4 2024, with the full benefit of the $23 million to $25 million annual savings expected in 2025 [27] Q&A Session Summary Question: Pricing negotiations with OEMs - The company has successfully negotiated permanent price increases with OEMs to recover inflation, with 90% of inflation now reflected in pricing agreements [22] Question: Volvo program and future opportunities - The $1.7 billion Volvo program is a sign of the company's strong competitive position and is expected to lead to further opportunities with luxury manufacturers in Europe [23][24] Question: Unit shipment data by region - The company did not provide unit shipment data by region during the call but indicated it would be available in the queue [26] Question: Margin improvement in Europe - The company expects margins in Europe to approach those of North America by the end of 2024, with the full benefit of the $23 million to $25 million annual savings expected in 2025 [27] Question: Debt refinancing - The company is in advanced discussions to retire its senior unsecured notes but has not yet disclosed details of the new capital structure [32][34] Question: Inflation indexing in pricing - Most of the negotiated price increases are permanent and not indexed, with a small element in Europe indexed to energy costs due to volatility [30] Question: Volvo program details - The Volvo program is for a midsize SUV EV and is expected to run for three to five years [31] Question: Debt refinancing timing - The company expects to provide more details on the refinancing in the coming weeks but has not specified a timeline [35]

Financial Performance - Net income for the three months ended June 30, 2024, was a loss of $11,124 thousand, compared to a loss of $67 thousand for the same period in 2023[4] - Comprehensive loss for the six months ended June 30, 2024, was $72,722 thousand, compared to a comprehensive income of $67,523 thousand for the same period in 2023[4] - For the three months ended June 30, 2024, the net loss was $11,124 thousand, compared to a net loss of $67 thousand for the same period in 2023[8][10] - For the six months ended June 30, 2024, the net loss was $43.873 million compared to a loss of $4.114 million for the same period in 2023, indicating a significant decline in performance[7] - Basic earnings (loss) per share for the three months ended June 30, 2024, was $(0.75), a decrease from $(0.35) in the prior year[45] Assets and Liabilities - Total assets decreased to $953,802 thousand as of June 30, 2024, from $1,030,571 thousand as of December 31, 2023[5] - Current liabilities increased significantly to $441,840 thousand as of June 30, 2024, compared to $198,911 thousand as of December 31, 2023[6] - Total liabilities, mezzanine equity, and shareholders' equity (deficit) amounted to $953.802 million as of June 30, 2024, down from $1.030 billion at December 31, 2023[6] - The total shareholders' equity deficit was $176.446 million at June 30, 2024, compared to a deficit of $85.940 million at December 31, 2023[6] Cash Flow - Cash and cash equivalents at the end of the period were $172,262 thousand, down from $201,606 thousand at the beginning of the period[7] - Net cash used by operating activities for the six months ended June 30, 2024, was $(4,544) thousand, compared to $11,167 thousand for the same period in 2023[7] - Cash and cash equivalents decreased from $201.6 million as of December 31, 2023, to $172.3 million as of June 30, 2024[5] Receivables and Inventories - Accounts receivable increased to $79,016 thousand as of June 30, 2024, from $56,393 thousand as of December 31, 2023[5] - Customer receivables increased to $65,267 thousand as of June 30, 2024, up from $41,879 thousand on December 31, 2023, representing a change of $23,388 thousand[15] - The company’s inventories increased slightly from $144.6 million as of December 31, 2023, to $147.4 million as of June 30, 2024[5] Debt and Financing - As of June 30, 2024, the long-term debt amounted to $371.693 million, down from $610.632 million as of December 31, 2023[33] - The company has $51.6 million available in unused commitments under the Revolving Credit Facility as of June 30, 2024[37] - The company has initiated discussions to refinance its existing debt, including €250 million of 6.00% Senior Notes due June 15, 2025[35] - Debt maturities for the next five years total $627.308 million, with $236.734 million due in 2025[41] Stock and Equity - Common stock issued for the six months ended June 30, 2024, was 794,613 shares, while for the three months ended June 30, 2024, it was 285,901 shares[9][15] - The total number of shares outstanding increased from 28,600,152 as of April 1, 2024, to 28,886,053 as of June 30, 2024[8][9] - Preferred stock dividends for the three months ended June 30, 2024, were paid-in-kind, increasing the stated value of preferred stock by $3.4 million[40] Expenses - The company reported a depreciation and amortization expense of $43,834 thousand for the six months ended June 30, 2024[7] - Stock-based compensation for the three months ended June 30, 2024, was $2,158 thousand, while for the six months ended June 30, 2024, it was $2,742 thousand[8][9] - The company recognized stock compensation expense of $2,367 thousand for the three months ended June 30, 2024, compared to $2,203 thousand for the same period in 2023[53] Sales Performance - The Company reported North America net sales of $203.2 million for the three months ended June 30, 2024, a decrease of 2.4% from $208.2 million in the same period of 2023[27] - Europe net sales for the three months ended June 30, 2024, were $115.8 million, down 29.5% from $164.4 million in the prior year[27] - Total sales for the six months ended June 30, 2024, were $635,243 million, a decline of 15.7% compared to $753,569 million in the prior year[28] Derivatives and Risk Management - The Company hedges a portion of its forecasted foreign currency exposure up to 48 months to mitigate risks associated with foreign currency exchange rates[17] - The Company has entered into interest rate swaps to reduce interest rate volatility, as its borrowings are under variable rates[18] - The company is exposed to market risks including foreign currency exchange rates, interest rates, and commodity prices, and uses derivatives to mitigate these risks[16][19] Legal and Restructuring - A restructuring charge of $1.0 million was incurred during the three months ended June 30, 2024, related to the restructuring of the European business[58] - The company recognized a provision of $1.5 million for potential losses related to ongoing legal proceedings as of August 2023[56] Accounting and Compliance - The company is evaluating the effects of adopting new accounting standards related to segment reporting and income taxes, which are effective for fiscal years beginning after December 15, 2023[14] - The company will continue to assess the potential effects of the Pillar Two global minimum tax of 15% effective January 1, 2024, on its operations[46] - The company was in compliance with all covenants under the Credit Agreements as of June 30, 2024[39]

Financial Performance - Net Sales for Q2 2024 were $319 million, down from $373 million in Q2 2023, primarily due to lower aluminum pass-through and deconsolidation of a subsidiary[3] - Value-Added Sales for Q2 2024 were $180 million, compared to $200 million in the prior year period, reflecting a decrease of 10%[2] - Adjusted EBITDA for Q2 2024 was $40 million, representing a 22% margin, down from $52 million and a 26% margin in Q2 2023[5] - The company reported a Net Loss of $11 million for Q2 2024, compared to a Net Loss of $0.1 million in the prior year period[5] - Gross profit margin for Q2 2024 was 31.6%, down from 41.0% in Q2 2023, indicating a decline in profitability[17] - Basic and diluted earnings per share for Q2 2024 were both $(0.75), compared to $(0.35) in Q2 2023, highlighting increased losses per share[20] - The company reported a net loss of $11.1 million in Q2 2024, compared to a net loss of $0.1 million in Q2 2023[21] Cash Flow and Debt - Cash Flow Used by Operating Activities was $8 million in Q2 2024, an improvement from $28 million in the prior year period[6] - Unlevered Free Cash Flow for Q2 2024 was $2 million, an increase of $18 million compared to the prior year period[6] - Total Debt as of June 30, 2024, was $627 million, down from $639 million a year earlier[7] - The company is in advanced discussions to retire Senior Unsecured Notes in the coming weeks[3] - Net cash used by operating activities in Q2 2024 was $(8.0) million, an improvement from $(27.6) million in Q2 2023[19] - The company reported a net cash flow used by financing activities of $(1.5) million in Q2 2024, compared to $(13.8) million in Q2 2023, indicating reduced cash outflows[19] - The company’s net debt as of June 30, 2024, was $458.3 million, reflecting an increase from $457.5 million as of June 30, 2023[22] Outlook and Projections - Full year 2024 Net Sales outlook is revised to $1.35 - $1.41 billion, reflecting lower anticipated production volumes by OEMs[10] - Adjusted EBITDA outlook for 2024 is lowered to $150 - $165 million due to reduced production volumes[10] - The company anticipates continued challenges in the aluminum market affecting future sales and profitability[21] Operational Metrics - Wheels shipped in Q2 2024 totaled 3,469, a decrease from 3,781 in Q2 2023, reflecting a decline of approximately 8.2% year-over-year[21] - Content per wheel in Q2 2024 was $52.21, slightly down from $52.95 in Q2 2023[21] - The impact of foreign exchange on value-added sales was a decrease of $12.0 million in Q2 2024 compared to the previous year[21] Assets and Liabilities - Total assets decreased to $953.8 million as of June 30, 2024, down from $1,030.6 million at the end of 2023[18] - Current liabilities increased significantly to $441.8 million from $198.9 million at the end of 2023, indicating potential liquidity concerns[18] Capital Expenditures and Restructuring - Capital expenditures for Q2 2024 were $(8.2) million, compared to $(6.2) million in Q2 2023, reflecting increased investment in assets[19] - The restructuring and other costs for YTD 2024 amounted to $13.8 million, compared to $12.8 million in YTD 2023[21]

Financial Data and Key Metrics Changes - Net sales decreased to $316 million for the quarter compared to $381 million in the prior year period, primarily due to the normalization of aluminum costs and the deconsolidation of the German facility [42] - Adjusted EBITDA for the quarter decreased to $31 million compared to $45 million in the prior year period, with an adjusted EBITDA margin of 18% compared to 22% [19][42] - Unlevered free cash flow for the first quarter of 2024 was $8 million, a decrease of $26 million compared to the prior year period [20] Business Line Data and Key Metrics Changes - Value-added sales decreased to $172 million for the quarter compared to $203 million in the prior year period, reflecting the deconsolidation of the German operations and lower unit sales [42] - The transfer of wheel production from Germany to Poland is expected to yield an annualized EBITDA uplift of approximately $23 million to $25 million [36] Market Data and Key Metrics Changes - Industry production declined by 2% in the company's markets, while production at top customers declined by 8% due to launch delays and software issues [9][38] - The average age of car parks in the USA is at historical lows, which is expected to drive future growth [13] Company Strategy and Development Direction - The company successfully exited high-cost German operations and relocated production to Poland, enhancing profitability and establishing a low-cost manufacturing footprint [7][11] - The focus is on delivering value to OEM customers seeking localized supply chains, with expectations of improved earnings power and competitive positioning [33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position despite industry challenges, citing ongoing discussions with customers to recover costs associated with labor and energy inflation [12][22] - The company anticipates a stronger second half of 2024 as supply chain disruptions ease and new product launches occur [67] Other Important Information - The company maintained a net debt of $439 million, which is near historical lows, and is in compliance with all loan covenants [10][21] - The full-year 2024 financial outlook includes expected net sales in the range of $1.38 billion to $1.48 billion and value-added sales in the range of $720 million to $770 million [46] Q&A Session Summary Question: When will the financial results of the German facility start showing back up in the numbers? - The financial results of the German facility are permanently deconsolidated, and benefits from the transfer to Poland will start showing up in Q2 and stabilize in Q3 [25][64] Question: What is the expected cost to complete the transfer of production? - The expected cost to complete the transfer is between $20 million to $35 million, which will be reflected in cash flows but not in adjusted EBITDA [66][78] Question: What factors contributed to the production decline in Germany? - The decline was attributed to significant disruptions, particularly within the VW Group, and launch cadence issues, with Audi experiencing a 26% production drop [66] Question: What is the outlook for the second half of the year? - The company expects to see growth in the second half of the year as supply chain disruptions are resolved and new product launches are implemented [67]

Financial Performance - Net sales for Q1 2024 were $316,276, a decrease of 16.9% compared to $380,966 in Q1 2023[10] - Gross profit for Q1 2024 was $21,146, down 38.8% from $34,578 in Q1 2023[10] - Net loss for Q1 2024 increased to $32,749, compared to a net loss of $4,047 in Q1 2023, representing a significant decline[12] - Loss per share for Q1 2024 was $(1.52), compared to $(0.49) in Q1 2023, indicating a worsening financial position[10] - The company reported a comprehensive loss of $27,378 for Q1 2024, compared to a comprehensive income of $28,704 in Q1 2023[12] - Superior Industries reported a net loss of $32.7 million for the three months ended March 31, 2024, compared to a net loss of $4.0 million for the same period in 2023[17] - Consolidated net sales for the three months ended March 31, 2024, were $316.3 million, a decrease of 16.9% compared to $381.0 million in the same period of 2023[42] - Net loss for Q1 2024 was $32.7 million, or a loss of $1.52 per diluted share, compared to a loss of $4.0 million, or $0.49 per diluted share in Q1 2023[133] - Adjusted EBITDA for Q1 2024 was $30.8 million, a decrease of 32.2% from $45.5 million in Q1 2023[127] - Selling, general and administrative expenses increased to $20.8 million in Q1 2024, up $1.4 million from Q1 2023, mainly due to restructuring costs[129] Assets and Liabilities - Total current assets as of March 31, 2024, were $473,499, an increase from $459,929 at the end of 2023[14] - Total liabilities as of March 31, 2024, were $1,128,419, compared to $1,116,511 at the end of 2023, reflecting a slight increase[14] - Total assets as of March 31, 2024, were $1,005.5 million, down from $1,030.6 million as of December 31, 2023, reflecting a decrease of 2.4%[41] - Total shareholders' deficit increased to $122,907 as of March 31, 2024, from $85,940 at the end of 2023, indicating deteriorating equity[14] - The company reported long-term debt of $605.0 million as of March 31, 2024, slightly down from $610.6 million at the end of 2023[48] - The total debt liabilities as of March 31, 2024, amount to $630.2 million, with significant maturities due in 2025 totaling $238.6 million and in 2028 totaling $380.0 million[65] Cash Flow - Cash and cash equivalents decreased to $191,071 from $201,606 at the end of 2023, a decline of 5.8%[15] - Net cash provided by operating activities for Q1 2024 was $3,470, a significant drop from $38,738 in Q1 2023[15] - Net cash provided by operating activities decreased to $3.5 million for Q1 2024 from $38.7 million in Q1 2023, primarily due to a $28.7 million higher net loss[148] - Net cash used in investing activities was $6.6 million for Q1 2024, down from $15.6 million in Q1 2023, attributed to lower capital expenditures[149] Sales and Market Performance - North America net sales decreased to $10.3 million in Q1 2024 from $9.0 million in Q1 2023, while Europe sales decreased from $13.8 million to $11.6 million[42] - Net sales for North America decreased to $193,508 thousand in Q1 2024 from $211,618 thousand in Q1 2023, while Europe saw a decline from $169,348 thousand to $122,768 thousand[40] - North American net sales decreased by 8.6% to $193.5 million, while European net sales decreased by 27.5% to $122.8 million in Q1 2024[135][136] - Superior Industries reported a 6.1% year-over-year decline in unit shipments in Q1 2024, with a 17.4% decrease in Europe and a 2.5% increase in North America[117] - The company's sales to GM, Ford, VW Group, and Toyota accounted for 23%, 16%, 12%, and 10% of consolidated sales respectively for Q1 2024[112] Employment and Operations - The company employed approximately 6,800 full-time employees across seven manufacturing facilities in North America and Europe[18] - The company has a diversified global customer base, including North American, European, and Asian OEMs[18] - The company’s property, plant, and equipment, net, decreased to $386.3 million as of March 31, 2024, from $398.6 million at the end of 2023, a decline of 3.1%[44] Accounting and Compliance - The company is evaluating the impact of new accounting standards related to segment reporting and income taxes, effective for fiscal years beginning after December 15, 2023[23][25] - The effective income tax rate for the three months ended March 31, 2024, was (103.4)%, primarily due to valuation allowances and a tax charge impacting deferred tax assets related to tax restructuring of $17.8 million[77] Restructuring and Legal Matters - The Company incurred $9.1 million in restructuring costs in Q1 2024, primarily advisory fees[154] - The company recognized a provision of $1.5 million related to a potential loss from an ongoing legal dispute with its energy distributor[100] - The company is involved in various legal and environmental proceedings, but believes that all such matters are adequately provided for and would not materially adversely affect its financial position[95] Other Financial Metrics - The company reported stock-based compensation of $584,000 for the three months ended March 31, 2024[17] - Stock-based compensation expense for the three months ended March 31, 2024, was $1.7 million, up from $0.8 million in the same period of 2023[93] - The cumulative premium accretion for the redeemable preferred stock as of March 31, 2024, was $119.5 million, resulting in adjusted redeemable preferred stock balances of $255.0 million[72]

Financial Performance - Net Sales for Q1 2024 were $316.3 million, down 17% from $381.0 million in Q1 2023[3] - Value-Added Sales Adjusted for FX and Deconsolidation were $171 million, a decrease of 6% year-over-year from $182 million[5] - Adjusted EBITDA for Q1 2024 was $31 million, representing 18% of Value-Added Sales, compared to $46 million or 22% in Q1 2023[12] - The Company reported a Net Loss of $33 million, or Loss per Diluted Share of $1.52, compared to a Net Loss of $4 million or Loss per Diluted Share of $0.49 in Q1 2023[11] - Gross Profit for Q1 2024 was $21 million, down from $35 million in Q1 2023, attributed to restructuring costs and lower unit shipments[7] - The company reported a net loss of $32.7 million for Q1 2024, compared to a net loss of $4.0 million in Q1 2023, indicating a significant decline in profitability[29] - Net sales decreased to $316.3 million in Q1 2024 from $381.0 million in Q1 2023, reflecting a year-over-year decline of approximately 17.0%[31] - Value-added sales for Q1 2024 were $172.2 million, down from $202.7 million in Q1 2023, representing a decrease of about 15.0%[31] - Basic loss per share for Q1 2024 was $(1.52), compared to $(0.49) in Q1 2023, indicating a worsening of earnings per share[30] Cash Flow and Debt - Cash Flow Provided by Operating Activities was $4 million, down from $39 million in Q1 2023[13] - Cash flow provided by operating activities was $3.5 million in Q1 2024, a significant drop from $38.7 million in Q1 2023[32] - The company reported a free cash flow of $(7.5) million for Q1 2024, compared to $16.5 million in Q1 2023, highlighting a negative cash flow trend[32] - As of March 31, 2024, funded debt was $630 million, compared to $650 million a year earlier[14] - Total debt as of March 31, 2024, was $630.2 million, down from $649.8 million a year earlier, indicating a reduction in leverage[32] - The company's net debt increased to $439.1 million as of March 31, 2024, compared to $421.2 million in the same period last year, reflecting a rise in net indebtedness[32] - The company experienced a currency impact on net debt of $2.5 million, adjusting the net debt for foreign exchange fluctuations[32] Outlook - The full year 2024 Outlook projects Net Sales between $1.38 billion and $1.48 billion[15] - The Company expects to generate approximately $190 million of Adjusted EBITDA on unit sales of just over 15 million by the end of 2024[3] Expenses - SG&A expenses increased to $21 million in Q1 2024 from $19 million in the prior year, primarily due to restructuring costs[8] - The company shipped 3,623 wheels in Q1 2024, a decrease from 3,858 wheels shipped in Q1 2023, marking a decline of approximately 6.1%[31]

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, 2023 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 ...

Superior Industries International, Inc. (NYSE:SUP) Q4 2023 Results Conference Call March 7, 2024 8:30 AM ET Company Participants Majdi Abulaban - President and CEO Tim Trenary - Executive Vice President and CFO Conference Call Participants Michael Ward - Freedom Capital Gary Prestopino - Barrington Research Mehmet Dere - Deutsche Bank Operator Welcome to the Superior Industries Full Year and Fourth Quarter 2023 Earnings Call. We are joined this morning by Majdi Abulaban, President and CEO; Tim Trenary, Exec ...

Executing strategic priorities to drive long-term, profitable growth Full Year 2023 Financial Highlights: Exhibit 99.1 Superior Reports Full Year and Fourth Quarter 2023 Financial Results Fourth Quarter 2023 Financial Highlights: SOUTHFIELD, MICHIGAN – March 7, 2024– Superior Industries International, Inc. ("Superior" or the "Company") (NYSE:SUP) today reported financial results for the fourth quarter and full year ended December 31, 2023. ($ in millions) | | | | Three Months | | | | Twelve Months | | | --- ...