Superior Industries(SUP) - 2022 Q4 - Annual Report

Sales and Production - Superior Industries International, Inc. reported that OEM aluminum wheels accounted for approximately 94% of total sales in 2022[13]. - North American light-vehicle production increased to 14.3 million vehicles in 2022, up from 13.0 million in 2021[14]. - Sales to General Motors, Ford, and VW Group each accounted for 10% or more of consolidated sales, with GM at 26% ($431.3 million), Ford at 16% ($253.9 million), and VW Group at 14% ($223.4 million) in 2022[17]. - In 2022, North American light-vehicle production was 14.3 million vehicles, up from 13.0 million in 2021, while Western and Central Europe produced 13.4 million vehicles, compared to 12.8 million in 2021[14]. - Sales to GM in 2022 were $431.3 million (26% of sales), Ford at $253.9 million (16%), and VW Group at $223.4 million (14%), showing significant revenue growth from these key customers[17]. Environmental Initiatives - Superior Industries aims to achieve carbon neutrality by 2039, having reduced its carbon footprint by approximately 9% and emissions per pound of aluminum shipped by 18% compared to 2020 levels[27]. - The cost of environmental compliance was approximately $2.9 million in 2022, expected to remain at similar levels in the future[25]. - Superior Industries has implemented Environmental Management Systems that are ISO14001 certified across all manufacturing plants[26]. - The company continues to develop lightweight solutions and aerodynamic technologies to assist in reducing customers' carbon footprints[28]. Workforce and Operations - The company employs approximately 7,700 full-time employees, with 4,500 in North America and 3,200 in Europe as of December 31, 2022[29]. - Superior Industries operates manufacturing facilities in Mexico and Poland, benefiting from lower labor costs compared to the United States and Germany[20]. Supply Chain and R&D - The company successfully secured aluminum commitments from primary suppliers to meet production requirements for 2023[18]. - Superior Industries continues to invest in research and development, focusing on engineering capabilities and sustainable practices, including patented technologies like Alulite™[23][28].