Superior Industries Reports $84.99 Million Net Loss and 44.6% Drop in Sales for Q3 2025

Superior Industries International, Inc. reported significant financial challenges in its latest 10-Q filing for the third quarter of 2025, revealing a net loss of $84.99 million, compared to a loss of $24.75 million in the same period last year. The company's net sales plummeted to $178.2 million, down 44.6% from $321.8 million in the third quarter of 2024. This decline was attributed to reduced volumes and lower aluminum cost pass-throughs to original equipment manufacturer (OEM) customers, as well as unfavorable product mix and pricing.

The company's gross profit turned negative, resulting in a loss of $29.18 million for the quarter, a stark contrast to a gross profit of $28.63 million in the prior year. The gross profit margin fell to -16.4%, down from 8.9% in the previous year. Selling, general, and administrative expenses increased to $26.36 million, up from $23.90 million, primarily due to higher professional service fees related to strategic initiatives. The company also recorded a non-cash impairment charge of $66.91 million related to long-lived assets, further exacerbating its financial difficulties.

In terms of operational metrics, the North American segment saw a dramatic 64.3% decrease in net sales, dropping to $73.54 million from $206.23 million. The European segment also experienced a decline, with sales falling to $104.66 million from $115.52 million. The overall income from operations for the company was a loss of $55.54 million, compared to a profit of $4.73 million in the same quarter last year. The company attributed these declines to customer resourcing actions, which significantly impacted its ability to generate cash from operations.

Looking ahead, Superior Industries faces substantial liquidity challenges. As of September 30, 2025, the company had cash and cash equivalents of $60.62 million, but it also reported being in violation of financial covenants under its Senior Secured Credit Facilities. The company has taken steps to improve its liquidity, including borrowing $42.5 million on its revolving credit facility and engaging financial advisors to explore additional funding options. However, management expressed doubt about its ability to meet financial obligations over the next twelve months, raising concerns about its viability as a going concern.

In December 2025, the company completed a merger with SUP Parent Holdings, LLC, which involved significant restructuring of its debt obligations. The merger is expected to provide some relief, but the company remains cautious about future performance amid ongoing market volatility and customer resourcing actions. The outlook for the remainder of the fiscal year remains uncertain, with management planning to seek additional funding or amend credit agreements to navigate these challenges.