Superior Industries International, Inc. (NYSE:SUP) Q2 2022 Earnings Conference Call August 4, 2022 9:00 AM ET

Company Participants

Joanne Finnorn - Senior Vice President, General Counsel and Corporate Secretary

Majdi Abulaban - President and Chief Executive Officer

Timothy Trenary - Executive Vice President and Chief Financial Officer

Conference Call Participants

Gary Prestopino - Barrington Research

Michael Ward - The Benchmark Company

Operator

Good day, and welcome to the Superior Industries Second Quarter 2022 Earnings Telephone Conference Call. Today's call is being recorded.

At this time, I would like to turn the conference over to Mr. Joanne Finnorn, please go ahead.

Joanne Finnorn

Good morning, everyone, and welcome to our second quarter earnings call. During our discussion today, we will be referring to our earnings presentation, which, along with the earnings release, is available on the Investor Relations section of Superior's website. I'm 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 U.S. GAAP. Reconciliations of these measures to the most directly comparable U.S. GAAP measures can be found in the appendix of this presentation. With that, I'll turn the call over to Majdi to provide a portfolio and business update.

Majdi Abulaban

Thanks, Joanne, and thanks, everyone, for joining our call today to review our second quarter results. I'll begin on Slide 5 with the highlights. Our team delivered excellent results, highlighted by strong margin expansion, 24% growth in revenue and 15% growth in EBITDA compared to the prior year, this while continuing our growth momentum with 5% content per wheel growth. This performance is a testament to both the capabilities of our leadership team as well as our operational strength, enabling us to successfully manage through an incredibly challenging environment with lower volumes, production volatility and continuing inflationary pressures.