Superior Industries Profit Jumps 32% in 2nd Quarter
Superior Industries International, a Van Nuys producer of wheel rims for the automotive industry, said its second-quarter profit climbed 32% from a year earlier as sales rose 31%.
In the quarter that ended June 30, Superior’s net income increased to $4.21 million from $3.20 million a year ago, while its sales rose to $68.8 million from $52.4 million. For the first half of 1989, Superior’s profit jumped 30%, to $8.14 million from $6.27 million, and its 6-month sales were up 34%, to $131.7 million from $98.3 million.
Superior attributed the gains to continued strong demand for its aluminum wheels, which it sells primarily to General Motors and Ford Motor Co.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
