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Superior Industries Q2 profits down

Superior Industries International reports lower year-on net income in the second quarter of 2014, despite net sales remaining the same. The company achieved net income of US$5.0 million, or $0.18 per diluted share, for the second quarter of 2014, compared with net income of $6.3 million, or $0.23 per diluted share, for the second quarter of 2013.

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Related news:

  1. UK car production a factor in lower Q3 2018 volumes for Superior Industries Inc.
  2. Plant closure weighs Superior Industries down in Q3
  3. Superior Industries publishes Q2 2017 results, updates outlook
  4. Uniwheels business boosts Q1 2018 sales, profit at Superior Industries International
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Superior Industries closing Arkansas wheel factory

Yesterday Superior Industries International, Inc. announced it will close its Rogers, Arkansas wheel manufacturing plant as part of an initiative to cut costs and increase competitiveness.
The firm expects to cease operations at Rogers by the end of 2014. Production will be shifted to other Superior manufacturing facilities, including those in Fayetteville, Arkansas, and Chihuahua, Mexico, and is anticipated to generate a net $15 million labour cost savings year-over-year. Approximately 500 jobs will be lost.

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Related news:

  1. For Sale Again: Alloy Wheels International
  2. Fintrade pulls out of wheel manufacture
  3. Wheel Manufacturing in the UK
  4. EVO Corse takes over Arcasting racing line
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