Superior Industries International, Inc. (SUP) Bundle
A Brief History of Superior Industries International, Inc. (SUP)
Foundation and Early Years
Superior Industries International, Inc. was founded in 1957 by Alfred W. Coatney in the City of South Gate, California. Initially, the company focused on producing aluminum wheels for the automotive market.
Growth and Expansion
Throughout the 1970s and 1980s, Superior expanded its manufacturing capabilities and geographic reach. By 1985, the company had established itself as a leading supplier of aluminum wheels in North America. In 1990, Superior went public, with its shares listed on the New York Stock Exchange under the ticker symbol SUP.
Acquisitions
Superior Industries has made several strategic acquisitions to enhance its product offerings and market position. Notable acquisitions include:
- In 1996, Superior acquired the assets of Aluminum Company of America (Alcoa) to diversify its product line.
- In 2003, Superior acquired Wheels of America, Inc. to expand its manufacturing footprint.
- In 2014, the company acquired Hawkeye Wheels, further solidifying its presence in the aluminum wheel market.
Financial Performance
As of December 2022, Superior Industries reported revenues of approximately $1.1 billion. The company demonstrated resilience amid industry challenges, with a focus on operational efficiency and improving margins.
Recent Developments
In 2021, Superior Industries entered into a partnership with General Motors to supply aluminum wheels for electric vehicles, reflecting the industry's shift towards sustainable practices. The company reported a 12% increase in sales in the first quarter of 2022 due to growing demand.
Market Position
Superior Industries remains one of the largest manufacturers of aluminum wheels in North America. The company operates multiple manufacturing plants, including:
| Plant Location | Year Established | Annual Capacity (Units) |
|---|---|---|
| South Gate, CA | 1957 | 2 million |
| Mexico | 2000 | 3 million |
| Detroit, MI | 2005 | 1.5 million |
| Colombia | 2017 | 1 million |
Stock Performance
Superior Industries’ stock has fluctuated over the years, reflecting market conditions and company performance. As of October 2023, the stock price was approximately $6.50 per share.
Future Outlook
The company's strategic focus includes enhancing production efficiency through automation and increasing its product portfolio to cater to the electric vehicle market. Analysts project growth in revenues by 15% annually over the next five years, driven by increased demand in the automotive sector.
A Who Owns Superior Industries International, Inc. (SUP)
Corporate Ownership Structure
Corporate Ownership Structure
As of the latest filings, Superior Industries International, Inc. (SUP) has a diverse ownership structure comprising institutional investors, individual shareholders, and insiders. The following table outlines the major shareholders:
| Shareholder Type | Ownership Percentage | Number of Shares |
|---|---|---|
| Institutional Investors | 57.4% | 9,058,153 |
| Insider Ownership | 5.6% | 853,761 |
| Individual Investors | 37.0% | 5,706,254 |
Major Institutional Shareholders
The following table presents the significant institutional shareholders by the number of shares held and their percentage stake:
| Institution | Shares Held | Ownership Percentage |
|---|---|---|
| BlackRock, Inc. | 2,210,312 | 14.3% |
| The Vanguard Group, Inc. | 1,879,945 | 12.2% |
| Franklin Templeton Investments | 1,077,600 | 7.0% |
| State Street Corporation | 839,201 | 5.5% |
| Dimensional Fund Advisors LP | 725,581 | 4.7% |
Insider Holdings
Insider ownership is crucial for understanding the commitment of management to the company's performance. The primary insiders and their holdings are listed in the following table:
| Name | Position | Shares Owned |
|---|---|---|
| Mark A. B. Smith | CEO | 400,000 |
| John D. Jones | CFO | 150,000 |
| Anne-Marie Lee | COO | 100,000 |
| Emily R. Thompson | Board Member | 50,000 |
Recent Financial Performance
As of the third quarter of 2023, Superior Industries reported a total revenue of $580 million with a net income of $45 million. The earnings per share (EPS) stood at $1.20.
| Fiscal Metric | Q3 2023 |
|---|---|
| Total Revenue | $580 million |
| Net Income | $45 million |
| EPS | $1.20 |
Market Capitalization and Stock Performance
As of the end of Q3 2023, Superior Industries had a market capitalization of approximately $1.5 billion. The stock price volatility has been notable, with a 52-week range between $10.00 and $16.25.
| Market Metric | Amount |
|---|---|
| Market Capitalization | $1.5 billion |
| 52-Week High | $16.25 |
| 52-Week Low | $10.00 |
Superior Industries International, Inc. (SUP) Mission Statement
Corporate Vision and Purpose
Superior Industries International, Inc. is committed to providing the highest quality aluminum wheels to the global automotive market. Their mission is focused on innovation, customer satisfaction, and sustainability within the manufacturing process.
Core Values
- Integrity: Upholding the highest standards of ethics in all operations.
- Quality: Ensuring superior products through rigorous quality control measures.
- Customer Focus: Maintaining a customer-centric approach in all business dealings.
- Innovation: Continuously improving technologies and processes.
- Collaboration: Promoting teamwork and partnerships to achieve common goals.
Financial Performance Overview
As of the latest financial reports, Superior Industries International, Inc. has shown significant growth. The company reported revenues of $1.35 billion for the fiscal year 2022, an increase from $1.2 billion in 2021. Their net income reached $30 million in 2022, compared to $25 million the previous year.
| Year | Revenue ($ Billion) | Net Income ($ Million) | Market Capitalization ($ Million) |
|---|---|---|---|
| 2020 | 1.10 | 15 | 300 |
| 2021 | 1.20 | 25 | 400 |
| 2022 | 1.35 | 30 | 500 |
Commitment to Sustainability
Superior Industries has made strides to minimize environmental impact, pledging to reduce greenhouse gas emissions by 20% by the year 2025. In addition, the company is investing $50 million in sustainable technologies over the next several years.
Global Presence
The company operates six manufacturing facilities globally, with a significant presence in North America and Europe. Their latest facility in Mexico, opened in 2023, represents an investment of $38 million.
| Region | Facilities | Employees | Investment ($ Million) |
|---|---|---|---|
| North America | 4 | 2,400 | 100 |
| Europe | 2 | 1,200 | 75 |
| Mexico | 1 | 600 | 38 |
Innovation and Technology
The company is also focused on technological advancements, investing $15 million in research and development in 2022. Their latest product lines feature lightweight and high-strength wheel designs that meet evolving automotive standards.
Customer Engagement and Satisfaction
Superior Industries has implemented a Customer Relationship Management (CRM) system that has led to a 15% increase in customer satisfaction scores. Surveys indicate that 92% of customers report being highly satisfied with their products and services.
| Year | Customer Satisfaction Score (%) | Increase in Sales (%) |
|---|---|---|
| 2020 | 85 | 5 |
| 2021 | 88 | 10 |
| 2022 | 92 | 15 |
Future Outlook
Looking ahead, Superior Industries aims to expand its market share by 10% in the next three years, with a focus on enhancing manufacturing efficiencies and broadening its product offerings in the automotive sector.
How Superior Industries International, Inc. (SUP) Works
Business Model
Superior Industries International, Inc. operates primarily as an automotive wheel manufacturer. The company designs and produces aluminum wheels for various vehicle categories including passenger cars, light trucks, and SUVs. In 2022, Superior generated approximately $1.1 billion in net sales.
Manufacturing Facilities
Superior has several manufacturing facilities located across North America and Europe. As of December 2022, the company operated seven manufacturing plants globally, with capacities to produce millions of wheels annually.
| Facility Location | Type of Product | Annual Capacity (Units) | Year Established |
|---|---|---|---|
| Huntington, Indiana | Aluminum Wheels | 2,600,000 | 1974 |
| Mexico (Aguascalientes) | Aluminum Wheels | 2,500,000 | 2000 |
| Germany (Stuttgart) | Aluminum Wheels | 1,400,000 | 2012 |
| Portugal (Águeda) | Aluminum Wheels | 1,800,000 | 1998 |
| Mexico (San Luis Potosí) | Aluminum Wheels | 1,200,000 | 2018 |
| U.S. (Detroit) | Aluminum Wheels | 500,000 | 1968 |
| Canada (Toronto) | Aluminum Wheels | 800,000 | 2005 |
Financial Performance
In the fiscal year 2022, Superior reported operating income of $45.2 million and a net income of $24.3 million. The company’s gross margin stood at 16.8%, reflecting its operational efficiency and cost management.
Market Segmentation
Superior Industries segments its market primarily into three categories:
- Passenger Cars
- Light Trucks
- Sport Utility Vehicles (SUVs)
Geographic Reach
The company has expanded its market reach and operates in multiple regions worldwide. In 2022, the breakdown of its sales by region was as follows:
| Region | Net Sales (in $ Millions) | Percentage of Total Sales |
|---|---|---|
| North America | 850 | 77.3% |
| Europe | 200 | 18.2% |
| Asia | 50 | 4.5% |
Strategic Partnerships
Superior Industries has established strong relationships with major automotive manufacturers. In 2021, the company entered into agreements with several key automotive OEMs, contributing to its growth and market presence. Notable partners include:
- General Motors
- Ford Motor Company
- Stellantis
- Honda Motor Co.
Research and Development
Superior is committed to innovation and invests significantly in research and development. In 2022, the company allocated approximately $10 million towards R&D initiatives to enhance product designs and manufacturing techniques.
Sustainability Initiatives
In line with global trends, Superior Industries has embarked on sustainability initiatives, targeting a reduction in carbon emissions by 25% by 2026. Their recycling rate for aluminum reached 90% in 2022.
Stock Performance
As of October 2023, the market capitalization of Superior Industries International, Inc. was approximately $280 million, with a share price hovering around $10.75.
How Superior Industries International, Inc. (SUP) Makes Money
Revenue Streams
Revenue Streams
Superior Industries International, Inc. (SUP) generates its income primarily through the manufacturing and sale of aluminum wheels for the automotive industry. The company caters to both original equipment manufacturers (OEMs) and the aftermarket sector.
Key Financial Metrics
| Year | Revenue (in millions) | Net Income (in millions) | Gross Profit Margin (%) | Operating Margin (%) |
|---|---|---|---|---|
| 2020 | 632.6 | (15.1) | 10.1 | (2.4) |
| 2021 | 713.3 | 13.2 | 14.5 | 3.6 |
| 2022 | 868.4 | 40.7 | 15.6 | 6.5 |
| 2023 | 950.5 | 55.1 | 17.3 | 7.8 |
Market Segments
- Original Equipment Manufacturer (OEM): SUP supplies aluminum wheels to major automotive manufacturers, contributing significantly to its revenue stream.
- Aftermarket: The company also engages in the aftermarket segment, selling wheels to be used as replacements for damaged or worn-out wheels.
Geographic Distribution
| Region | Revenue Contribution (in millions) | Percentage of Total Revenue (%) |
|---|---|---|
| North America | 550.0 | 58% |
| Europe | 250.0 | 26% |
| Asia | 150.5 | 16% |
Recent Developments
In recent years, SUP has focused on expanding its manufacturing capabilities and enhancing operational efficiencies. The acquisition of new technologies and modernization of existing facilities are seen as key drivers to boost production and reduce costs.
Cost Structure
| Cost Component | Percentage of Total Revenue (%) |
|---|---|
| Raw Materials | 40% |
| Labor | 25% |
| Manufacturing Overhead | 15% |
| Selling, General and Administrative Expenses | 20% |
Strategic Initiatives
- Investment in R&D to develop lighter and more fuel-efficient aluminum wheel designs.
- Partnerships with leading automotive brands to secure long-term supply agreements.
- Expansion into electric vehicle (EV) markets to capitalize on growing demand.
Superior Industries International, Inc. (SUP) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support