Superior Industries International, Inc. (NYSE:SUP) Q3 2022 Earnings Conference Call November 3, 2022 9:00 AM ET

Company Participants

Joanne Finnorn - Senior Vice President, Investor Relations

Majdi Abulaban - President & Chief Executive Officer

Tim Trenary - Executive Vice President & Chief Financial Officer

Conference Call Participants

Gary Prestopino - Barrington Research

Operator

Hello, and welcome to Superior Industries Third Quarter 2022 Earnings Teleconference Call. My name is Priscilla and I'll be your coordinator for today's event. Please note this call is being recorded and your lines will be on listen-only. However, you’ll have the opportunity to ask questions at the end during the Q&A session. [Operator Instructions]

We are joined today this morning by Majdi Abulaban, President and CEO; Tim Trenary, Executive Vice President and CFO; and Joanne Finnorn, Senior Vice President Investor Relations.

I will now hand you over to your host, Ms. Joanne Finnorn to begin today's conference. Thank you.

Joanne Finnorn

Good morning, everyone and welcome to our third quarter earnings call. During our call this morning, we will be referring to our earnings presentation which along with our earnings release is available on the Investor Relations section of Superior's website. I am joined on the call by Majdi Abulaban, our President and Chief Executive Officer; and Tim Trenary, our Executive Vice President and Chief Financial Officer.

Before I turn the call over to Majdi, I would like to remind everyone that any forward-looking statements contained in this presentation or commented on today are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Please refer to slide 2 of this presentation for the full safe harbor statement and to the company's SEC filings, including the company's current annual report on Form 10-K for a more complete discussion of forward-looking statements and risk factors.

We will also be discussing various non-GAAP measures today. These non-GAAP measures exclude the impact of certain items and therefore are not calculated in accordance with US GAAP. Reconciliations of these measures to the most directly comparable US GAAP measures can be found in the appendix of this presentation.

With that, I'll turn the call over to Majdi to provide a business and portfolio update.

Majdi Abulaban

Thanks Joanne, and thanks everyone for joining our call today to review our first quarter results. I'll begin on slide 5 with the highlights.

Our team delivered another quarter of solid results, including double-digit growth in value-added sales and adjusted EBITDA, along with substantial margin and content per wheel expansion; this while facing continued industry supply chain disruptions, depressed volumes and commodity cost increases.