SUPERIOR INDUSTRIES INTERNATIONAL, INC. (NYSE:SUP) Files An 8-K Results of Operations and Financial Condition
SUPERIOR INDUSTRIES INTERNATIONAL INC Exhibit
EX-99.1 2 d717749dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 News Release Superior Industries Reports Fourth Quarter and Full Year 2018 Financial Results Full Year 2018 Highlights: Unit shipments of 21.0 million compared to 17.0 million in the prior year Net sales of $1.5 billion compared to $1.1 billion in the prior year Value-Added Sales(1) of $797 million compared to $617 million in the prior year Value-Added Sales(1) per wheel of $37.98,…
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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.