Company: SSUP
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034599
Chunk: 146

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-03-06
Form: 10-K
Item: Item 7
Chunk 146
---
BITDA as an important indicator of the operating performance of our business. Adjusted EBITDA is used in our internal forecasts and models when establishing internal operating budgets, supplementing the financial results and forecasts reported to our Board of Directors and evaluating short-term and long-term operating trends in our operations. We believe the adjusted EBITDA financial measure assists in providing a more complete understanding of our underlying operational measures to manage our business, to evaluate our performance compared to prior periods and the marketplace and to establish operational goals. Adjusted EBITDA is a non-GAAP financial measure and should not be considered in isolation or as a substitute for financial information provided in accordance with U.S. GAAP. This non-GAAP financial measure may not be computed in the same manner as similarly titled measures used by other companies.

31

The following table reconciles our net income, the most directly comparable U.S. GAAP financial measure, to our adjusted EBITDA: 

    Fiscal Year Ended December 31.
     
    2024

    2023

    (Dollars in thousands)

    Net income (loss)
     
    $
    (78,182
    )
     
    $
    (92,852
    )

    Interest expense, net

    67,105

    62,140

    Income tax provision (benefit)

    25,501

    (23,946
    )

    Depreciation

    66,947

    73,534

    Amortization

    19,469

    19,457

    Factoring fees

    5,902

    4,198

    Loss on extinguishment of debt and other refinancing costs (1)

    19,938

    —

    Loss on deconsolidation of subsidiary

    —

    79,629

    Restructuring costs

    7,020

    8,098

    Restructuring related costs (2)

    15,009

    29,333

    Change in fair value of embedded derivative liabilities

    (2,430
    )

    (3,366
    )

    Other costs (3)

    —

    2,925

    Adjusted EBITDA
     
    $
    146,279

    $
    159,150

    Adjusted EBITDA as a percentage of net sales

    11.5
    %

    11.