Superior Industries (SUP) reported Q4 EPS of $0.25, $0.17 better than the analyst estimate of $0.08. Revenue for the quarter came in at $402 million versus the consensus estimate of $431.22 million.
GUIDANCE:
Superior Industries sees FY2023 revenue of $1.55-1.67 billion.
Superior management assumes full year 2023 industry OEM production in its markets to grow at a low single digit percentage rate. As a result, Superior’s full year 2023 outlook is as follows:
FY 2023 Outlook | ||
Unit Shipments | 15.0 - 16.2 million | |
Net Sales | $1.55 - $1.67 billion | |
Value-added Sales | $755 - $815 million | |
Adjusted EBITDA | $170 - $200 million | |
Cash Flow from Operations | $110 - $130 million | |
Capital Expenditures | ~$70 million |
Superior remains well-positioned to navigate the operating environment, including any inflationary pressures, foreign exchange headwinds, or possible recessionary trends.