Company: SSUP
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034599
Chunk: 89

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1B
Chunk 89
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 Company’s debt instruments are shown below: 

        December 31,2024

        December 31,2023

        Estimated fair value
         
        $
        531,461

        $
        627,008

        Carrying value

        489,388

        615,954

NOTE 4 - BUSINESS SEGMENTS The Company's North American and European operations represent separate operating segments due to the different markets, customers, and products between these regions. Within each of these regions, markets, customers, products, and production processes are similar. Moreover, business within each region leverages common systems, processes, and infrastructure. Accordingly, North America and Europe comprise the Company’s reportable segments.The Company’s chief operating decision maker (CODM) is the Chief Executive Officer. The CODM uses income (loss) from operations as the key performance measure of segment profit or loss and uses the measure in its annual budgeting and ongoing forecasting process to effectively allocate resources. Income (loss) from operations is also reported on the consolidated statement of income (loss).   The CODM uses income (loss) from operations to evaluate the operating performance of the Company’s operating segments by considering variances to budget, prior forecasts, and prior year performance on a monthly basis when making decisions about how to allocate capital, personnel, and other resources to each segment.   

49

Segment operating results are as follows:  

        Year Ended December 31,

        2024

        2023

        North America

        Europe

        Total

        North America

        Europe

        Total

        Net Sales
        $
        786,124

        $
        481,220

        $
        1,267,344

        $
        794,386

        $
        590,897

        $
        1,385,283

        Less:

        Aluminum and other material costs
         
        415,786

        194,850

        610,636

        418,011

        244,755

        662,766

        Manufacturing costs
         
        245,682

        214,639

        460,321

        244,313

        270,232

        514,545

        Manufacturing depreciation and amortization
         
        39,965

        45,888

        85,853

        38,243

        53,981