SUPERIOR INDUSTRIES INTERNATIONAL Reports 2nd Quarter FY2023 Earnings Results on June 30 2023

August 24, 2023

Categories: Auto Parts, Earnings ReportTags: , , Views: 30

☀️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

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • 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%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for SUP. More…

    Operations Investing Financing
    106.52 -44.62 -6.86
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • 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
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • 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%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • 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…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • 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.


    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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