Superior Industries International Sees FY24 Net Sales 1.38B-$1.48B Vs $1.38B Est.
2024 Outlook
Superior's full year 2024 Outlook is as follows:
FY 2024 Outlook | |||||
Net Sales | $1.38 - $1.48 billion | ||||
Value-Added Sales | $720 - $770 million | ||||
Adjusted EBITDA | $155 - $175 million | ||||
Unlevered Free Cash Flow | $110 - $130 million | ||||
Capital Expenditures | ~$50 million | ||||
Value-Added Sales, Adjusted EBITDA, and Unlevered Free Cash Flow are Non-GAAP measures, as defined below. In reliance on the safe harbor provided under section 10(e) of Regulation S-K, Superior has not quantitatively reconciled from Net Income (the most comparable GAAP measure) to Adjusted EBITDA, Net Sales (the most comparable GAAP measure) to Value-Added Sales, nor Cash Flow Provided by Operating Activities (the most comparable GAAP measure) to Unlevered Free Cash Flow presented in the 2024 Outlook, as Superior is unable to quantify certain amounts included in Net Income, Net Sales and Cash Flow Provided by Operating Activities without unreasonable efforts and due to the inherent uncertainty regarding such variables. Superior also believes that such reconciliation would imply a degree of precision that could potentially be confusing or misleading to investors. However, the magnitude of these amounts may be significant.