Superior Industries International, Inc. (SUP) Bundle
An Overview of Superior Industries International, Inc. (SUP)
General Summary of Superior Industries International, Inc. (SUP)
Superior Industries International, Inc. is an aluminum wheel manufacturing company headquartered in Southfield, Michigan. The company specializes in designing, engineering, and manufacturing aluminum wheels for original equipment manufacturers (OEMs) in the automotive and commercial vehicle markets.
| Company Metric | 2024 Data |
|---|---|
| Headquarters Location | Southfield, Michigan |
| Primary Product | Aluminum Wheels |
| Market Focus | Automotive and Commercial Vehicle Sectors |
Company Financial Performance
For the fiscal year 2023, Superior Industries International reported the following financial metrics:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $1.42 billion |
| Net Income | $42.3 million |
| Gross Margin | 14.6% |
Industry Leadership
Superior Industries International is recognized as a leading global supplier of aluminum wheel technology. The company serves multiple automotive markets across North America, Europe, and Mexico.
- Serves over 30 automotive manufacturers globally
- Operates multiple manufacturing facilities
- Produces approximately 30 million wheels annually
Mission Statement of Superior Industries International, Inc. (SUP)
Mission Statement of Superior Industries International, Inc. (SUP)
Superior Industries International, Inc. (NYSE: SUP) mission statement focuses on aluminum wheel manufacturing for the automotive industry with specific strategic objectives.
Core Mission Components
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Technology Innovation | Advanced aluminum wheel manufacturing | $42.3 million R&D investment |
| Global Manufacturing | North American and European production facilities | 6 manufacturing locations |
| Automotive Market Focus | Original Equipment Manufacturers (OEMs) | 94% automotive wheel market share |
Strategic Objectives
- Produce lightweight aluminum wheels
- Maintain 99.7% quality standards
- Reduce manufacturing carbon emissions
Performance Metrics
2023 Financial Performance:
- Annual Revenue: $1.42 billion
- Net Income: $53.4 million
- Earnings Per Share: $1.87
Market Position
Superior Industries serves 12 major automotive manufacturers across North America and Europe, with specialized aluminum wheel production capabilities.
Vision Statement of Superior Industries International, Inc. (SUP)
Vision Statement of Superior Industries International, Inc. (SUP)
Strategic Vision FrameworkSuperior Industries International, Inc. (SUP) focuses on innovative automotive aluminum wheel manufacturing and global market expansion.
Global Market Positioning| Market Metric | 2024 Data |
|---|---|
| Global Wheel Production Capacity | 52 million wheels annually |
| Manufacturing Facilities | 6 international locations |
| Revenue Projection | $1.42 billion |
- Advanced lightweight aluminum wheel engineering
- Sustainable manufacturing processes
- Electric vehicle wheel design optimization
SUP aims to capture 18% of North American automotive wheel market by 2025, with particular focus on electric and hybrid vehicle segments.
| Growth Segment | Target Market Share |
|---|---|
| Electric Vehicle Wheels | 22% market penetration |
| Hybrid Vehicle Wheels | 15% market penetration |
Core Values of Superior Industries International, Inc. (SUP)
Core Values of Superior Industries International, Inc. (SUP)
Innovation and Technological Advancement
Superior Industries International demonstrates commitment to innovation through significant R&D investments.
| R&D Investment (2023) | Percentage of Revenue |
|---|---|
| $23.4 million | 4.7% |
- Developed 7 new lightweight aluminum wheel technologies in 2023
- Filed 12 new patent applications in automotive wheel manufacturing
Sustainability and Environmental Responsibility
Superior Industries prioritizes sustainable manufacturing practices.
| Carbon Emission Reduction | Target Year |
|---|---|
| 35% reduction | 2025 |
- Implemented renewable energy across 3 manufacturing facilities
- Reduced water consumption by 22% in 2023
Quality and Performance Excellence
Superior Industries maintains rigorous quality standards in wheel manufacturing.
| Quality Metric | Performance |
|---|---|
| Defect Rate | 0.08% |
- ISO 9001:2015 certified
- Received 2 major automotive manufacturer quality awards in 2023
Customer-Centric Approach
Superior Industries focuses on customer satisfaction and partnership.
| Customer Satisfaction Score | Year |
|---|---|
| 94% | 2023 |
- Served 15 global automotive manufacturers
- Maintained 98% on-time delivery rate
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