Superior Industries International, Inc. (NYSE:SUP) Q1 2022 Earnings Conference Call May 4, 2022 7:30 AM ET

Company Participants

Clemens Denks - IR

Majdi Abulaban - President and Chief Executive Officer

Tim Trenary - Executive Vice President and Chief Financial Officer

Conference Call Participants

Gary Prestopino - Barrington Research

Richard Phelan - Deutsche Bank

Mike Ward - Benchmark

Operator

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

And at this time, I'd like to turn the call over to Clemens Denks. Please go ahead, sir.

Clemens Denks

Thanks, Anna. Good morning, everyone, and welcome to our first quarter earnings conference 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 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 portfolio and business update.

Majdi Abulaban

Thanks, Clemens, and thanks, everyone, for joining our call today to review our first quarter results. I will begin on Slide 5 with the highlights. Our team delivered strong results, achieving solid revenue growth out of market, coupled with strong profitability and cash generation. This, while navigating through an incredibly challenging operating environment with lower volumes, production volatility and continuing inflationary pressures. Most notable, we have been able to generate EBITDA and profit margins on par with pre-pandemic levels, and that is on lower volumes. Here, we have continued to collaborate with our customers and suppliers on price recoveries and cost reduction solutions to mitigate the impact of ever-persistent inflationary pressures.