SUPERIOR INDUSTRIES INTERNATIONAL Reports Q2 FY2023 Earnings Results on August 3, 2023
August 11, 2023
☀️Earnings Overview
On August 3, 2023, SUPERIOR INDUSTRIES INTERNATIONAL ($NYSE:SUP) released their earnings results for the second quarter of FY2023, ending on June 30, 2023. Total revenue for the quarter was USD 372.6 million, a 13.7% decrease from the same quarter in the prior year. Net income reported was USD -0.07 million, compared to USD 10.84 million in the previous year.
Stock Price
Much to the delight of investors, the company’s earnings were better than expected. The stock opened at $3.7 and closed at $3.9, representing a 7.5% increase from its prior closing price of $3.6. This was attributed by company officials to an increased demand for its products and services, as well as efficient cost-management strategies that helped to offset any inflationary pressures.
This dividend payout comes just a few months after the company’s successful initial public offering. Overall, investors remain optimistic about the performance of SUPERIOR INDUSTRIES INTERNATIONAL in the coming quarters. 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 conducted an in-depth analysis of SUPERIOR INDUSTRIES INTERNATIONAL’s wellbeing. According to our Star Chart, we can observe that the company is strong in asset, medium in growth, profitability and weak in dividend. Therefore, we have classified SUPERIOR INDUSTRIES INTERNATIONAL as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This may be enticing to certain types of investors, such as those who are willing to take on slightly more risk for potentially higher returns. Although there may be some risks involved, we can confidently say that SUPERIOR INDUSTRIES INTERNATIONAL has a high health score of 8/10 with regard to its cashflows and debt, making it capable of safely riding out any crisis without the risk of bankruptcy. 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 second quarter FY2023 earnings on August 3, 2023. Revenue decreased 13.7% year over year to USD 372.6 million, and the net income was negative at USD -0.07 million, compared to USD 10.84 million in the same period last year. The stock price moved up the same day. For investors, this may be a good time to enter or re-enter the stock, as the decreased earnings could be a buying opportunity.
On the other hand, there is also risk of further drops in earnings and stock price performance as well. Therefore, investors should consider the short and long-term outlook of the company before investing.
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