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BUSINESS
February 19, 2005 | From Times Wire Services
Superior Industries International Inc. said Friday that its profit fell 48% in the fourth quarter, citing competition from China and other low-cost countries that has driven down prices for automotive components. But it still beat Wall Street estimates and provided an optimistic outlook, sending its shares up 8.9%. The Van Nuys-based supplier of aluminum wheels and car parts said its net income fell to $11.9 million, or 45 cents a share, from $23.1 million, or 85 cents, a year earlier.
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BUSINESS
June 3, 2013
The company: Superior Industries International Inc. Headquarters: Van Nuys Ticker: SUP Employees: 3,900 Leadership: Steven J. Borick, chief executive since 2005 2012 revenue: $821 million 2012 net income: $31 million Stock price: $18.21 52-week range: $15.50 to $22.09 P/E ratio: 24, based on estimated 2013 earnings Quarterly dividend: 16 cents, a current yield of 3.5%
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CALIFORNIA | LOCAL
December 4, 2011 | Dennis McLellan, Los Angeles Times
Louis Borick, the founder and longtime chairman of Van Nuys-headquartered Superior Industries International, one of the world's largest manufacturers of aluminum wheels for the automotive industry, has died. He was 87. Borick died of natural causes Monday, two days before his 88th birthday, at his home in Beverly Hills, said his son, Steven. A onetime used-car salesman who sold his half of a business that made clear plastic seat covers in St. Paul, Minn., before moving to Encino in 1956, Borick founded Superior Industries in a 4,000-square-foot plant in North Hollywood a year later.
BUSINESS
June 2, 2013 | By Stuart Pfeifer, Los Angeles Times
Its squat, 1970s-era headquarters in Van Nuys may not look like much from the outside, but Superior Industries International Inc. is a key figure in the automotive industry. The company sells aluminum wheels to the major automakers: Ford, General Motors, Chrysler, Toyota, Nissan, BMW, Mitsubishi, Subaru and Volkswagen. Founded in 1957 in North Hollywood, Superior Industries at first sold wind deflectors, seat belts and a popular steering wheel cover called Sport Grip. In the 1960s, the company starting making aluminum wheels.
BUSINESS
December 17, 1991
Superior Industries International, a Van Nuys supplier of automotive wheels and accessories, said it has received a $210-million contract to supply aluminum wheels for General Motors' Chevrolet Camaro and Pontiac Firebird cars for the 1993 through 1998 model years. Superior said the wheels would be made at its new plant in Johnson City, Tenn., which is scheduled to open early next year.
BUSINESS
July 12, 1988
Superior Industries International announced that it will build a manufacturing facility in Rogers, Ark. The plant, to open in early 1989, will initially produce 1 million aluminum road wheels annually and is expected to generate more than $50 million in sales a year. Superior is a Van Nuys-based company that manufactures wheels, seat belts and other automotive parts. For the first quarter ended March 31, Superior earned $3 million, or 53 cents a share, on revenue of $46 million.
BUSINESS
October 20, 1992
Superior Industries International Inc., a Van Nuys-based maker of aluminum car wheels, reported a 16% increase in earnings on record revenue for its third quarter. In the three months ended Sept. 30, Superior said it earned $6.2 million, compared with $5.3 million a year earlier. Its sales were up 5% for the period, to $73.4 million from $69.7 million in the previous year. Louis L. Borick, Superior's chairman and president, attributed the improved earnings to an ongoing cost-reduction program.
BUSINESS
March 15, 1994
Superior Industries International Inc., a Van Nuys maker of cast aluminum wheels for the automotive industry, said it has a contract to supply wheels for BMW's new car to be built at the German auto maker's new plant in Spartanburg, S.C. Superior said the value of the contract will probably exceed $15 million over three years.
BUSINESS
January 27, 1987
Superior Industries, a Van Nuys maker of automobile wheels, said it has received three new contracts worth $23 million for the remainder of the 1987 model year. Two of the contracts are extensions on existing orders from Ford, and one is a new order from General Motors. A Superior Industries spokesman would not say which model cars the wheels are being made for.
BUSINESS
February 28, 1995
Superior Industries International Inc. said it has signed an agreement for a joint venture with German-based Otto Fuchs Metallwerke to construct a plant in Europe for the production of lightweight forged and low-pressure cast aluminum wheels for the automotive industry. Louis L. Borick, president of Superior, said initial plans call for the joint venture to produce up to 2 million wheels per year.
CALIFORNIA | LOCAL
December 4, 2011 | Dennis McLellan, Los Angeles Times
Louis Borick, the founder and longtime chairman of Van Nuys-headquartered Superior Industries International, one of the world's largest manufacturers of aluminum wheels for the automotive industry, has died. He was 87. Borick died of natural causes Monday, two days before his 88th birthday, at his home in Beverly Hills, said his son, Steven. A onetime used-car salesman who sold his half of a business that made clear plastic seat covers in St. Paul, Minn., before moving to Encino in 1956, Borick founded Superior Industries in a 4,000-square-foot plant in North Hollywood a year later.
BUSINESS
November 8, 2008 | Times Wire Services
Aluminum wheel maker Superior Industries International Inc. of Van Nuys said its loss widened in the third quarter as hemorrhaging automakers scaled back production. Shares fell $1.20 to $11.83 after the worse-than-expected report. Superior reported a loss of $14.2 million, or 53 cents a share, for the period ended Sept. 30, compared with a loss of $739,000, or 3 cents, a year earlier. Results included a $5-million pretax charge to close its Pittsburg, Kan., facility in December.
BUSINESS
September 16, 2006 | From Bloomberg News
Van Nuys-based wheel maker Superior Industries International Inc. said it was closing a Tennessee factory because production cuts by U.S. automakers were reducing demand. Shutting the Johnson City plant will eliminate about 500 jobs, the company said. Including a total of 600 positions trimmed this year at factories in California and Arkansas, Superior has reduced employment by 16% from 6,700 at the end of 2005.
BUSINESS
February 2, 2006 | Juliet Chung, Times Staff Writer
Leading aluminum wheel maker Superior Industries International Inc. said Wednesday that it would fire 375 employees, or nearly 6% of its workforce, as it tried to steer the company in a new direction. The layoff affects more than half of the 635 manufacturing workers at its Van Nuys plant and comes amid a difficult time for the industry, which has been beset by increased competition and a slowdown in production by U.S. automakers.
BUSINESS
June 11, 2005 | From Bloomberg News
Van Nuys wheel maker Superior Industries International Inc. said Friday that declining orders might cut second-quarter earnings to as little as 15 cents a share, which would be its lowest quarterly profit since 1991. The company's shares fell nearly 2% on the news. Superior, the world's No. 2 automotive wheel maker in terms of annual revenue, said profit in the period ended June 30 was expected to be 15 cents to 17 cents a share.
BUSINESS
September 21, 2004 | John O'Dell, Times Staff Writer
A slowdown in orders for big sport utility vehicles forced aluminum wheel maker Superior Industries International Inc. on Monday to cut its third-quarter earnings estimate by almost half as its stock fell to a 52-week low. The Van Nuys-based company, the world's second-largest supplier of styled aluminum wheels to the major automakers, said it should earn about 20 cents a share this quarter, down from the 39 cents expected by most analysts.
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