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Superior Industries International Inc

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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
June 22, 1999
Superior Industries International Inc., Van Nuys, announced that it has won multiyear contracts worth more than $250 million annually for its aluminum wheels and automotive components from several major auto manufacturers. The contracts include reorders for 2000 model year vehicles from Mercury, Chevrolet, General Motors and BMW as well as new business from unnamed global auto manufacturers.
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
February 22, 1995 | Times Staff and Wire Reports
Van Nuys-based Superior Industries International Inc. said it agreed to form a joint venture with Germany's Otto Fuchs Metallwerke to produce aluminum wheels for the European automotive market. . . . Monsanto Co. said it has completed its acquisition of Merck & Co.'s San Diego-based Kelco specialty chemicals unit for about $1.08 billion.
CALIFORNIA | LOCAL
January 11, 2000
Superior Industries International Inc. said that it has won orders for aluminum road wheels from DaimlerChrysler Corp. The terms were not disclosed. Van Nuys-based Superior supplies aluminum wheels and other aluminum components to Ford, General Motors, DaimlerChrysler, BMW, Volkswagen, Audi, Rover, Toyota, Mazda, Nissan and Isuzu.
BUSINESS
October 18, 2003 | From Bloomberg News
Superior Industries International Inc., a maker of car and truck wheels, said third-quarter earnings fell 39% because of production declines and increased costs. Net income fell to $10.7 million, or 40 cents a share, from $17.7 million, or 65 cents, in the year-earlier period. Sales were little changed at $187.4 million as shipments decreased 2%, the Van Nuys firm said.
BUSINESS
October 26, 1993
Superior Industries International Inc., the Van Nuys-based manufacturer of aluminum car wheels, said it will repurchase up to 1 million shares of its common stock. Superior Industries has about 30.1 million shares outstanding. Louis Borick, chairman and president, said he believed that the current stock price did not adequately represent the value of Superior's shares.
BUSINESS
November 2, 2006 | From the Associated Press
Superior Industries International Inc. said its losses deepened in the third quarter as struggling carmakers including Ford Motor Co. and General Motors Corp. cut back their demand for the company's aluminum wheels. The Van Nuys-based company posted a quarterly loss of $7.7 million, or 29 cents a share, compared with a year-earlier loss of $133,000, or break-even on a per-share basis. Sales slipped 2% to $174.3 million from $178.3 million a year earlier.
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
June 17, 2006
* A judge in Houston delayed the sentencing of former Enron Corp. executives Kenneth L. Lay and Jeffrey K. Skilling to Oct. 23 to give their lawyers more time to prepare appeals. * Van Nuys-based Superior Industries International Inc., which manufactures automotive wheels, said it would lay off about 225 chrome-plating workers at a plant in Fayetteville, Ark. * A federal judge approved Dutch retailer Royal Ahold's $1.
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
October 18, 2003 | From Bloomberg News
Superior Industries International Inc., a maker of car and truck wheels, said third-quarter earnings fell 39% because of production declines and increased costs. Net income fell to $10.7 million, or 40 cents a share, from $17.7 million, or 65 cents, in the year-earlier period. Sales were little changed at $187.4 million as shipments decreased 2%, the Van Nuys firm said.
BUSINESS
August 29, 2003 | Ronald D. White, Times Staff Writer
Superior Industries International Inc. of Van Nuys, the world's second-largest maker of automotive wheels, warned Thursday that third-quarter profit would not meet forecasts, mostly because of reduced demand from Ford Motor Co. Net income for the third quarter ending Sept. 30 will be an estimated 40 cents a share, the company said, down from the 60 cents previously forecast. Analysts had expected 63 cents. Superior's stock dropped $2.07, or 5%, to $42.75 on the New York Stock Exchange.
BUSINESS
August 9, 1994
Superior Industries International Inc., the Van Nuys maker of cast aluminum wheels, has struck a deal with Ford Motor Co. to supply wheels for Ford's Escort and Mercury Tracer models. The company said it will begin shipping the wheels in December. The agreement is expected to add $12.5 million to Superior's annual revenues. The company reported revenue of $393 million in 1993.
BUSINESS
October 28, 1997
Superior Industries International Inc. has opened an auto parts manufacturing plant near Budapest, Hungary. The plant is a joint venture between Superior and Otto Fuchs MetallWerke, a German manufacturing concern. The plant will manufacture aluminum car wheels for the European market. Superior, which is based in Van Nuys, is a major supplier of aluminum car wheels to the Big Three auto makers, as well as to European and Japanese car companies.
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