Buckingham Research Downgrades Superior Industries (SUP) to Neutral
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Superior Industries Reports Fourth Quarter and Full Year 2015 Financial Results
March 7, 2016 7:00 AM ESTFourth Quarter and Full Year 2015 Highlights:
Q4 EPS of $0.31, including an estimated $0.07 of plant closure and impairment costs Q4 wheel shipments of 3.2 million, the highest quarterly production since 2007 Q4 value-added sales of $103.0 million, a 16.2% increase year-over-year Q4 adjusted EBITDA of $25.3 million, a 60.6% increase year-over-year Full year 2015 adjusted EBITDA of $76.1 million, 21.1% of value-added sales and a 600 basis point improvement year-over-year Full year 2015 adjusted EBITDA of 10.4% of net sales, achieving the goal of double digit EBITDA margin two years... More