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Superior Industries International

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BUSINESS
September 11, 1990 | JAMES F. PELTZ, TIMES STAFF WRITER
On the morning of Feb. 8, 1988, the American Stock Exchange would not let trading begin in the stock of Superior Industries International Inc. Why? There was important news for investors to evaluate first. A press release had been issued early that morning announcing that a "firm offer" to buy Superior had been made by Vista Group, a little-known Los Angeles investment firm, and the giant brokerage Prudential-Bache Securities Inc. The offer: $16 a share, or $93 million total.
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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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BUSINESS
November 21, 1989
Superior Industries International, a Van Nuys maker of aluminum car wheels, said its common stock was approved for trading on the New York Stock Exchange. The stock, now traded on the American Stock Exchange, could begin trading on the Big Board in early December, Superior said.
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 4, 1986
Superior Industries International, a Van Nuys-based maker of auto wheel rims, has received $20 million in orders for 1988 models of General Motors cars and 1989 Ford models. The company, which announced in October that it received $25 million in additional orders on some 1987 models, had sales of $112.8 million during the first nine months of 1986.
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
April 19, 1988
Superior Industries International reported record earnings and sales for the first quarter ended March 31. The Van Nuys-based manufacturer of wheels, seat belts and other automotive parts said it earned $3 million, or 53 cents per share, up 15% from $2.6 million, or 45 cents a share, a year earlier. Revenue for the period was up 8% to $46 million from $42.5 million a year earlier.
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
July 18, 1989
Superior Industries International, a Van Nuys producer of wheel rims for the automotive industry, said its second-quarter profit climbed 32% from a year earlier as sales rose 31%. In the quarter that ended June 30, Superior's net income increased to $4.21 million from $3.20 million a year ago, while its sales rose to $68.8 million from $52.4 million. For the first half of 1989, Superior's profit jumped 30%, to $8.14 million from $6.27 million, and its 6-month sales were up 34%, to $131.
BUSINESS
August 20, 2008 | From Bloomberg News
Automotive wheel maker Superior Industries International Inc. said Tuesday that it planned to cut 29% of its U.S. workforce and shut a Kansas plant because of lower sales of pickups and sport-utility vehicles. The Pittsburg factory will close Dec. 19, accounting for about 600 of the job cuts, the Van Nuys company said. Superior said it would eliminate 90 vacant positions and lay off 65 workers. Suppliers of parts for pickups, vans and SUVs have lost business as rising U.S. gasoline prices have damped demand for the light trucks.
BUSINESS
June 6, 2001
Superior Industries International Inc. said second-quarter net income will be lower than analysts' forecasts because of Ford Motor Co. production cuts and higher energy costs. The Van Nuys-based maker of aluminum wheels and other auto parts projected earnings of 50 to 52 cents a share for the second quarter, with revenue of $155 million to $160 million. Analysts had expected earnings of 63 cents a share.
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
September 11, 1990 | JAMES F. PELTZ, TIMES STAFF WRITER
On the morning of Feb. 8, 1988, the American Stock Exchange would not let trading begin in the stock of Superior Industries International Inc. Why? There was important news for investors to evaluate first. A press release had been issued early that morning announcing that a "firm offer" to buy Superior had been made by Vista Group, a little-known Los Angeles investment firm, and the giant brokerage Prudential-Bache Securities Inc. The offer: $16 a share, or $93 million total.
BUSINESS
November 21, 1989
Superior Industries International, a Van Nuys maker of aluminum car wheels, said its common stock was approved for trading on the New York Stock Exchange. The stock, now traded on the American Stock Exchange, could begin trading on the Big Board in early December, Superior said.
BUSINESS
October 17, 1989
Superior Industries International, a Van Nuys-based producer of automobile wheels, said its third-quarter profit and sales climbed 19% from a year earlier. In the quarter ended Sept. 30, Superior's net income rose to $3.02 million from $2.53 million a year earlier, while its sales increased to $53.5 million from $45.1 million. Superior, a leading maker of wheels for the major U.S.
BUSINESS
October 17, 1989
Superior Industries International, a Van Nuys-based producer of automobile wheels, said its third-quarter profit and sales climbed 19% from a year earlier. In the quarter ended Sept. 30, Superior's net income rose to $3.02 million from $2.53 million a year earlier, while its sales increased to $53.5 million from $45.1 million. Superior, a leading maker of wheels for the major U.S.
BUSINESS
July 18, 1989
Superior Industries International, a Van Nuys producer of wheel rims for the automotive industry, said its second-quarter profit climbed 32% from a year earlier as sales rose 31%. In the quarter that ended June 30, Superior's net income increased to $4.21 million from $3.20 million a year ago, while its sales rose to $68.8 million from $52.4 million. For the first half of 1989, Superior's profit jumped 30%, to $8.14 million from $6.27 million, and its 6-month sales were up 34%, to $131.
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