Superior Industries International, Inc. (NYSE:SUP) Q3 2023 Earnings Conference Call November 1, 2023 8:30 AM ET

Company Participants

Tim Trenary – Executive Vice President and Chief Financial Officer

Majdi Abulaban – President and Chief Executive Officer

Michael Dorah – Senior Vice President and President-North America

Conference Call Participants

Gary Prestopino – Barrington Research

Michael Ward – Benchmark

Mehmet Dere – Deutsche Bank

Gary Prestopino – Barrington Research

Operator

Welcome to Superior Industries Third Quarter 2023 Earnings Call. [Operator Instructions] We are joined this morning by Majdi Abulaban, President and CEO; Tim Trenary, Executive Vice President and CFO.

I will now hand you over to your host Tim Trenary, to begin today’s conference. Thank you.

Tim Trenary

Good morning, everyone, and welcome to our third quarter 2023 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. I am also joined today by Michael Dorah, Senior Vice President and President, North America.

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 the presentation.

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

Majdi Abulaban

Thank you, Tim, and hello, everyone. Thank you for joining our call today to review our third quarter results. I will start on Slide 5. Our team delivered solid results in the quarter despite a challenging operating environment. EBITDA was up, margins were up and content per wheel was up for the 18th consecutive quarter. This is very much a testament to both the operational strength of our teams and the competitive positioning of our portfolio.