Superior Industries (SUP) Misses Q3 EPS by 15c
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Superior Industries Reports Third Quarter 2016 Financial Results
October 27, 2016 7:01 AM EDTThird Quarter 2016 Highlights:
Q3 wheel shipments of 2.9 million, a 4.8% increase year-over-year Q3 diluted EPS of $0.23, a 21.1% increase year-over-year, including approximately $0.27 in costs related to operating inefficiencies at one of the Companys manufacturing facilities Q3 net income of $6.0 million, a 20.8% increase year-over-year Q3 net sales were flat year-over-year due to higher volume and improved product mix offset by lower aluminum prices passed on to customers Q3 value-added sales of $98.8 million, a 12.3% increase year-over-year; value-added sales per wheel increased 7.2%... More