SUPERIOR INDUSTRIES INTERNATIONAL Reports 2nd Quarter FY2023 Earnings Results on June 30 2023
August 24, 2023
☀️Earnings Overview
SUPERIOR INDUSTRIES INTERNATIONAL ($NYSE:SUP) reported a decreased total revenue of USD 372.6 million for the 2nd quarter of FY2023 ending on June 30 2023, down 13.7% compared to the same period in the previous year. The company also reported net income of USD -0.07 million for the quarter, compared to the 10.84 million reported in Q2 of the previous year.
Share Price
The stock opened at $3.7 and closed at $3.9, a 7.5% increase from the previous closing price of $3.6. The positive news generated a surge in the stock market as investors reacted favorably to the strong performance of the company. The company also revealed its plans to invest more heavily in research and development to remain competitive in the industry.
The company has consistently delivered strong financial results over the past few years, and investors are optimistic that this trend will continue. With its focus on research and development, SUPERIOR INDUSTRIES INTERNATIONAL has positioned itself to remain competitive in the industry in the years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SUP. More…
| Total Revenues | Net Income | Net Margin |
| 1.56k | -25.67 | 0.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SUP. More…
| Operations | Investing | Financing |
| 106.52 | -44.62 | -6.86 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SUP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.16k | 1.14k | 0.81 |
Key Ratios Snapshot
Some of the financial key ratios for SUP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.1% | 23.4% | 5.4% |
| FCF Margin | ROE | ROA |
| 4.0% | 732.9% | 4.5% |
Analysis
At GoodWhale, we have analyzed the financials of SUPERIOR INDUSTRIES INTERNATIONAL and have determined that it is a medium risk investment in terms of financial and business aspects. This rating is based on our comprehensive risk analysis database. Our analysis has detected two risk warnings in the company’s income sheet and balance sheet. To find out more detailed information about these risks, become a registered user of GoodWhale and gain access to all of our risk analysis tools. More…
Peers
Superior Industries International Inc is one of the world’s leading suppliers of aluminum wheels to the automotive industry. With over 60 years of experience, the company operates in 14 countries across North America, Europe, Asia, and South America. Superior’s primary competitors in the aluminum wheel market are Akwel, Kenda Rubber Industrial Co Ltd, and Kongsberg Automotive Holdings ASA.
– Akwel ($BER:MW4)
Akwel is a French automotive engineering company. The company has a market cap of 446.47M as of 2022 and a Return on Equity of -49.91%. Akwel provides engineering, production, and assembly services to the automotive industry. The company has over 30 years of experience and operates in 12 countries.
– Kenda Rubber Industrial Co Ltd ($TWSE:2106)
Kenda Rubber Industrial Co Ltd is a Taiwanese company that manufactures and sells tires. It has a market cap of 27.51B as of 2022 and a Return on Equity of 4.51%. The company has a wide range of products that it offers, including passenger car tires, truck and bus tires, off-road tires, and specialty tires. It also provides other services such as tire repair and maintenance.
– Kongsberg Automotive Holdings ASA ($BER:K3A)
Kongsberg Automotive Holdings ASA is a Norwegian technology company that produces automotive systems and components. It has a market capitalization of 248.29 million as of 2022 and a return on equity of 5.7%. The company develops and manufactures products for the automotive industry, including seatbelts, airbags, steering systems, and gearshift systems. It also provides engineering and consulting services to the automotive industry.
Summary
SUPERIOR INDUSTRIES INTERNATIONAL reported their financial results for the 2nd quarter of FY2023, with total revenue of USD 372.6 million, a decrease of 13.7% from the same period in the previous year. Net income for Q2 2023 was reported at USD -0.07 million, a significant drop from the 10.84 million reported the year prior. Despite these numbers, investors reacted positively to the results, as the stock price increased on the news. Going forward, potential investors should monitor the company’s financial results and take into account the possibility of further drops in revenue and net income before deciding if SUPERIOR INDUSTRIES INTERNATIONAL is a worthwhile investment.
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