Superior Industries (SUP) Prelim. Q1 Results Outpace Views
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Superior Industries Reports Preliminary First Quarter 2016 Financial Results and Raises 2016 Outlook
April 19, 2016 7:00 AM EDTPreliminary Financial Highlights:
Q1 adjusted EBITDA of approximately $27 million, a 102% increase year-over-year Q1 EPS of approximately $0.54 per share, a 238% increase year-over-year Q1 wheel unit shipments of approximately 3.2 million, a 26% increase year-over-year Q1 value-added sales of approximately $102 million, a 24% increase year-over-year Raises 2016 outlook for adjusted EBITDA margin to a range of 24.1% to 24.8% of value-added sales, an increase of approximately 300 to 370 basis points year-over-year compared to previous outlook of an increase of 125 to 200 basis points... More