10 AUGUST 2011alu
Superior Industries Posts Strong 2Q
Edited by : AL CIRCLE
1 min read
Superior Industries International Inc. (NYSE:SUP) reported a net income of $14.7 million or 53 cents per share in the second quarter of 2011 compared with $10.1 million or 38 cents per share in the year-ago quarter.
During the quarter, net sales climbed 7% year over year to $208.7 million, primarily driven by an increase in the pass-through pricing of aluminum. Unit wheel shipments remained almost flat year over year at 2.9 million, although average selling prices increased almost 8% year over year.
During the quarter, net sales climbed 7% year over year to $208.7 million, primarily driven by an increase in the pass-through pricing of aluminum. Unit wheel shipments remained almost flat year over year at 2.9 million, although average selling prices increased almost 8% year over year.
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