Superior Industries International Inc. reported slightly lower
earnings in the second quarter as an average 3-percent increase
in prices was offset by lower sales volumes.
fundamentals of the auto sector remain strong, it appears that
Superiors more selective pricing decisions and ongoing
capacity limitations are reflected in the reduced unit sales
volumes," chairman, president and chief executive officer
Steven J. Borick said.
second-quarter net income of $6.32 million, down 1.4 percent
from $6.41 million in the same period last year on sales that
fell 7.5 percent to $198.99 million. First-half net income fell
14.4 percent to $11.26 million from $13.15 million a year
earlier on sales that slipped 2.9 percent of $405.43
Borick said the
company is making "excellent progress" on its new manufacturing
facility in Mexico, which is expected to increase wheel
production capacity by approximately 20 percent upon completion
in 2015. The company also is investing in upgrades and
improvements at its existing plants.