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.