Company: SSUP
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034599
Chunk: 131

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-03-06
Form: 10-K
Item: Item 7
Chunk 131
---
,279

    $
    159,150

    $
    (12,871
    )

    Percentage of net sales

    11.5
    %

    11.5
    %

    —

    Percentage of value added sales

    21.2
    %

    21.3
    %

    (0.1
    )%

(1)Value added sales and value added sales adjusted for foreign exchange are key measures that are not calculated according to U.S. GAAP. Refer to “Non-GAAP Financial Measures” for a definition of value added sales and value added sales adjusted for foreign exchange and a reconciliation of value added sales and value added sales adjusted for foreign exchange to net sales, the most comparable U.S. GAAP measure.

(2)Adjusted EBITDA is a key measure that is not calculated according to U.S. GAAP. Refer to “Non-GAAP Financial Measures” for a definition of adjusted EBITDA and a reconciliation of our adjusted EBITDA to net income, the most comparable U.S. GAAP measure.

Net Sales

The following table lists the primary drivers behind the change in net sales (amounts in millions):

    Year ended December 31, 2023
     
    $
    1,385.3

    Aluminum and other pass through costs

    (61.4
    )

    Volume

    (44.3
    )

    Product mix and pricing

    (11.7
    )

    Foreign exchange

    (0.6
    )

    Year ended December 31, 2024
     
    $
    1,267.3

Value Added Sales Adjusted for Foreign Exchange

Value added sales adjusted for foreign exchange was $690.4 million for the year ended December 31, 2024 compared to value added sales adjusted for foreign exchange of $747.6 million for the same period in 2023, a decrease of 7.6%.

23

Cost of Sales

The following table lists the primary drivers behind the change in cost of sales (amounts in millions):

    Year ended December 31, 2023
     
    $
    1,269.5

    Material and conversion costs

    (86.3
    )

    Volume

    (28.9
    )

    Mix

    1.5

    Foreign exchange

    1.0

    Year ended December 31, 2024