Superior Industries Lifts 2017 Net Sales Outlook

(RTTNews) - Superior Industries International Inc. (SUP) revised its previously issued outlook for 2017 to include the consolidated results of UNIWHEELS from June through December 2017 as well as to reflect current expectations for Superior's North American operations.

Superior now expects net sales for 2017 to be in the range of $1.095 billion to $1.115 billion driven by unit shipments of 16.9 million to 17.2 million. This compared to Superior's previously issued outlook of 12.0 million to 12.25 million units and resulting sales of $730 million to $750 million.

Superior now expects value-added sales to be in the range of $595 million to $615 million. This compared to Superior's previously issued outlook of $400 million to $410 million. Value-added sales are defined as net sales less pass-through charges, primarily for the value of aluminum.

Capital expenditures for 2017 are expected to be about $85 million. This compared to the prior outlook of $50 million.