SUPERIOR INDUSTRIES INTERNATIONAL, INC. (NYSE:SUP) Files An 8-K Results of Operations and Financial ConditionItem 9.01 Results of Operations and Financial Condition
On August4, 2017, Superior Industries International, Inc. (“Superior” or the “Company”) issued a press release announcing the results of operations for the second quarter of 2017 and reaffirmed its outlook for 2017. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.
The information contained in Exhibit 99.1 shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
This Current Report on Form 8-K contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts and can generally be identified by the use of future dates or words such as “may,” “should,” “could,” “will,” “expects,” “seeks to,” “anticipates,” “plans,” “believes,” “estimates,” “intends,” “predicts,” “projects,” “potential” or “continue” or the negative of such terms and other comparable terminology. These statements also include, but are not limited to, the 2017 outlook, Superior’s ability to consummate the acquisition of UNIWHEELS AG, and Superior’s strategic and operational initiatives, and are based on current expectations, estimates, and projections about Superior’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, risks and uncertainties discussed in the Superior’s Securities and Exchange Commission filings and reports, including Superior’s 2016 Annual Report on Form 10-K for the year-ended December25, 2016, Quarterly Reports on Form 10-Q and other reports from time to time filed with the Securities and Exchange Commission. You are cautioned not to unduly rely on such forward looking statements when evaluating the information presented in this report. Such forward-looking statements speak only as of the date on which they are made and Superior does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this report
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
|
Exhibit Number |
Exhibit Description |
| 99.1 | Press Release, dated August4, 2017, as issued by Superior Industries International, Inc. announcing results of operations for the second quarter of 2017, furnished herewith. |
SUPERIOR INDUSTRIES INTERNATIONAL INC ExhibitEX-99.1 2 d420233dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 News Release Superior Industries Reports Second Quarter 2017 Financial Results Consolidated Second Quarter 2017 Highlights Including One Month of UNIWHEELS: • Record unit shipments of 3.8 million in Q2 2017 • Q2 2017 net sales of $240.6 million; value-added sales of $130.4 million • Q2 2017 net loss of $7.3 million and diluted EPS of ($0.41) including acquisition costs of $19.6 million,…To view the full exhibit click here
About SUPERIOR INDUSTRIES INTERNATIONAL, INC. (NYSE:SUP)
Superior Industries International, Inc. is engaged in the design and manufacture of aluminum wheels for sale to original equipment manufacturers (OEMs). The Company supplies cast aluminum wheels to automobile and light truck manufacturers, with wheel manufacturing operations in the United States and Mexico. The Company offers wheels in a range of finishes, which include Bright Machined, Polished Face with Painted Window, Fully Painted, Premium Paint, Polished, Chrome Clad and Mirror Finish Ultra Bright Machining. The Company’s products, which are manufactured in its North American facilities, are delivered primarily to automotive assembly operations in North America for global OEMs. Its OEM aluminum wheels are primarily sold for factory installation, as either optional or standard equipment, on various vehicle models. As of December 31, 2015, the Company operated five manufacturing facilities in the United States and Mexico.
