Higher Aluminum Prices Boosts Superior’s Profit

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Superior Industries International Inc.’s second-quarter earnings jumped 46 percent on higher sales and the lack of a write-down that hurt year-earlier results. Both profit and sales beat Wall Street expectations.

After the markets closed on Friday, the Van Nuys company reported net income of $14.7 million (53 cents per share), compared with net income of $10.1 million (38 cents) in the same period a year earlier. The year-earlier quarter included a $4.1 million loss related to the sale of the company’s stake in a Hungarian joint venture.

Revenue rose 7.3 percent to more than $208 million. Unit shipments were flat, but higher aluminum prices were passed on to customers, the company said.

Analysts surveyed by Capital IQ, on average, expected per-share profit of 39 cents on revenue of $187 million.

“Net income for our second quarter improved over the prior year period, and total demand for our products remained steady, despite a substantial shipment decline to Toyota because of the earthquake and tsunami in Japan,” Chief Executive Steven J. Borick said in a statement.

Shares earlier closed down 20 cents, or 1 percent, to $18.47 on the New York Stock Exchange.

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