FX.co ★ Superior Industries Slashes FY24 Net Sales Outlook - Update

In its third-quarter financial results release on Thursday, Superior Industries International, Inc. (SUP), a supplier of aluminum wheels, has revised its net sales forecast for the 2024 fiscal year. The company now anticipates net sales to fall between $1.25 billion and $1.33 billion, a decrease from the earlier projection of $1.35 billion to $1.41 billion. Analysts surveyed by Thomson Reuters had, on average, predicted the company would report net sales of $1.38 billion for the year.