Last10K.com

Superior Industries International Inc (SUP) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Superior Industries International Inc

CIK: 95552 Ticker: SUP

Exhibit 99.1

 

LOGO    News Release

Superior Industries Reports Fourth Quarter and

Full Year 2017 Financial Results

Full Year 2017 Highlights:

 

    Unit shipments of 17.0 million compared to 12.3 million in 2016

 

    Net sales of $1.1 billion compared to $733 million in 2016; Value-Added Sales of $617 million compared to $409 million in 2016

 

    Value-Added Sales per wheel of $36.27 compared to $33.34 in 2016

 

    Net loss of $6 million and earnings per diluted share of ($1.01), including the impact from acquisition-related items of $36 million, or $1.44 per diluted share, and impact from U.S. tax reform of $17 million, or $0.67 per diluted share

 

    Adjusted EBITDA of $140 million compared to $89 million in 2016

 

    Completed transformational acquisition of UNIWHEELS AG; growing customer base, increasing geographic breadth, and doubling innovation and technology capabilities

SOUTHFIELD, MICHIGAN – March 15, 2018Superior Industries International, Inc. (“Superior” or the “Company”) (NYSE:SUP), one of the world’s leading aluminum wheel suppliers for OEMs and the European aftermarket, today reported financial results for the fourth quarter and fiscal year ended December 31, 2017.

SUPERIOR INDUSTRIES INTERNATIONAL, INC.

Condensed Consolidated Statements of Operations (Unaudited)

(Dollars in Millions, Units in Thousands)

 

     Units      Net Sales      Units      Net Sales  
     4Q 2017      4Q 2016      4Q 2017      4Q 2016      FY 2017      FY 2016      FY 2017      FY 2016  

North America

     2,889        3,097      $ 191.2      $ 188.3        11,473        12,260      $ 732.5      $ 732.7  

Europe

     2,474        —          170.6        —          5,535        —          375.6        —    
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Global

     5,363        3,097      $ 361.8      $ 188.3        17,008        12,260      $ 1,108.1      $ 732.7  
     Valued-Added
Sales (1)
     Adjusted
EBITDA (1)
     Valued-Added
Sales (1)
     Adjusted
EBITDA (1)
 
     4Q 2017      4Q 2016      4Q 2017      4Q 2016      FY 2017      FY 2016      FY 2017      FY 2016  

North America

   $ 99.3      $ 106.4      $ 21.0      $ 18.7      $ 390.2      $ 408.7      $ 79.1      $ 88.5  

Europe

     104.2        —          27.9        —        $ 226.6        —          61.0        —    
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Global

   $ 203.5      $ 106.4      $ 48.9      $ 18.7      $ 616.8      $ 408.7      $ 140.1      $ 88.5  

“2017 was a transformational year for Superior, as we established our company as one of the largest aluminum wheel suppliers globally through our acquisition of UNIWHEELS AG (“UNIWHEELS”), which changed the long-term trajectory of our business. Today, Superior is more diversified, by geography, customer and product, and is leveraging a common culture of innovation to capitalize on attractive secular trends,” commented Don Stebbins, President and

 

(1)  See “Non-GAAP Financial Information” below for a definition and reconciliation to the most comparable GAAP measure.


The following information was filed by Superior Industries International Inc (SUP) on Thursday, March 15, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Superior Industries International Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Superior Industries International Inc.

Continue

Assess how Superior Industries International Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Superior Industries International Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Rating

Learn More
Bullish Bearish Neutral
Filter by Sentiment:
All
Positive
Negative
Filter by Category:
All
Financial
Revenue
M & A
Other
Filter by Subcategory:
All
Shares
Earnings
Income
Geography
Expense
Cash Flow
Product
Debt
Dividend
Other
Inside Superior Industries International Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Income Statements
Consolidated Statement Of Shareholders' Equity
Consolidated Statement Of Shareholders' Equity (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Accounts Receivable
Accounts Receivable (tables)
Accounts Receivable - Additional Information (detail)
Accounts Receivable - Summary Of Accounts Receivable (detail)
Accrued Expenses
Accrued Expenses (tables)
Accrued Expenses - Schedule Of Accrued Liabilities (detail)
Acquisition
Acquisition (schedule Of Intangibles Acquired) (detail)
Acquisition (tables)
Acquisition - (schedule Of Assets And Liabilities Acquired) (detail)
Acquisition - Additional Information (detail)
Acquisition Acquisition (proforma) (detail)
Business Segments
Business Segments (tables)
Business Segments - Net Sales By Geographic Location (detail)
Business Segments - Summary Of Net Sales And Results Of Operations And Total Assets By Reportable Segment (detail)
Common Stock Repurchase Programs
Common Stock Repurchase Programs - Additional Information (detail)
Contingencies
Derivative Financial Instruments
Derivative Financial Instruments (tables)
Earnings Per Share - Schedule Of Earnings (loss) Per Share, Basic And Diluted (detail)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements - Recurring (detail)
Fair Value Measurements - Schedule Of Carrying Values And Estimated Fair Values Of Debt Instruments (detail)
Fair Value Measurements - Summary Of Changes In Level 3 Fair Value Measurement Of Embedded Derivative Liability (detail)
Financial Instruments - Additional Information (detail)
Financial Instruments - Schedule Of Impact Of Derivative Instruments Designated As Cash Flow Hedges (detail)
Financial Instruments - Summary Of Fair Value Of Derivatives By Balance Sheet Line Item (detail)
Financial Instruments - Summary Of Notional Amount And Estimated Fair Value Of Derivative Financial Instruments (detail)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (tables)
Goodwill And Other Intangible Assets - Additional Information (detail)
Goodwill And Other Intangible Assets - Summary Of Finite-lived And Indefinite-lived Intangible Assets (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Income Taxes - Income Before Income Taxes From Domestic And International Jurisdictions (detail)
Income Taxes - Provision For Income Taxes (detail)
Income Taxes - Reconciliation Of The U.s. Federal Tax Rate (detail)
Income Taxes - Schedule Of Unrecognized Tax Benefits Roll Forward (detail)
Income Taxes - Summary Of Deferred Income Tax Assets And Liabilities (detail)
Inventories
Inventories (tables)
Inventories - Additional Information (detail)
Inventories - Summary Of Inventories (detail)
Investment In Unconsolidated Affiliate
Investment In Unconsolidated Affiliate - Additional Information (detail)
Leases And Related Parties
Leases And Related Parties (tables)
Leases And Related Parties - Additional Information (detail)
Leases And Related Parties - Schedule Of Future Minimum Rental Payments For Operating Leases (detail)
Long Term Debt - Additional Information (detail)
Long-term Debt
Long-term Debt (tables)
Long-term Debt - Summary Of Long-term Debt And Related Weighted Average Interest Rates (detail)
Long-term Debt - Summary Of Long-term Debt And Related Weighted Average Interest Rates (parenthetical) (detail)
Preproduction Costs Related To Long-term Supply Arrangements - Summary Of Unamortized Customer-owned Tooling Costs Included In Other Non-current Assets, And Deferred Tooling Revenues Included In Accrued Expenses And Other Non-current Liabilities (detail)
Property, Plant And Equipment
Property, Plant And Equipment (tables)
Property, Plant And Equipment - Additional Information (detail)
Property, Plant And Equipment - Schedule Of Property, Plant And Equipment (detail)
Quarterly Financial Data
Quarterly Financial Data (tables)
Quarterly Financial Data - Schedule Of Quarterly Financial Information (detail)
Redeemable Preferred Shares
Redeemable Preferred Shares - Additional Information (detail)
Restructuring
Restructuring (tables)
Restructuring - Additional Information (detail)
Restructuring - Summary Of Rogers, Arkansas Plant Closure Costs (detail)
Restructuring - Summary Of Rogers, Arkansas Plant Closure Costs (parenthetical) (detail)
Retirement Plans
Retirement Plans (tables)
Retirement Plans - Additional Information (detail)
Retirement Plans - Periodic Pension Cost, Next Fiscal Year (detail)
Retirement Plans - Schedule Of Changes In Projected Benefit Obligations (detail)
Retirement Plans - Schedule Of Defined Benefit Plans Disclosures (detail)
Retirement Plans - Schedule Of Expected Benefit Payments (detail)
Retirement Plans - Schedule Of Net Benefit Costs (detail)
Risk Management
Risk Management - Additional Information (detail)
Schedule Ii - Valuation And Qualifying Accounts (detail)
Stock-based Compensation
Stock-based Compensation (tables)
Stock-based Compensation - Additional Information (detail)
Stock-based Compensation - Summary Of Restricted Performance Stock Unit Activity (detail)
Stock-based Compensation - Summary Of Restricted Stock Activity (detail)
Stock-based Compensation - Summary Of Restricted Stock Unit Activity (detail)
Stock-based Compensation - Summary Of Stock Option Activity (detail)
Stock-based Compensation - Summary Of Stock Option Outstanding (detail)
Stock-based Compensation - Summary Of Stock-based Compensation Expense (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (detail)
Summary Of Significant Accounting Policies - Summary Of Estimated Useful Lives Of The Assets. (detail)
Valuation And Qualifying Accounts
Ticker: SUP
CIK: 95552
Form Type: 10-K Annual Report
Accession Number: 0001193125-18-084240
Submitted to the SEC: Thu Mar 15 2018 5:26:26 PM EST
Accepted by the SEC: Thu Mar 15 2018
Period: Sunday, December 31, 2017
Industry: Motor Vehicle Parts And Accessories

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/sup/0001193125-18-084240.htm