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Superior Industries International fiscal Q1 profit falls 36.2% YOY

Superior Industries International Inc. said its normalized net income for the fiscal first quarter ended March 29 came to 12 cents per share, compared with the S&P Capital IQ consensus estimate of 13 cents per share.

EPS declined 35.5% year over year from 18 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.2 million, a decrease of 36.2% from $5.0 million in the prior-year period.

The normalized profit margin declined to 1.9% from 2.7% in the year-earlier period.

Total revenue decreased 5.3% on an annual basis to $173.7 million from $183.4 million, and total operating expenses fell on an annual basis to $168.5 million from $175.7 million.

Reported net income decreased 12.1% year over year to $4.3 million, or 16 cents per share, from $4.9 million, or 18 cents per share.