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2023 Outlook
Superior is reducing its full year Unit Shipments and Net Sales outlook, and narrowing the Adjusted EBITDA range to reflect the deconsolidation of SPG's financial results effective August 31, 2023 and an estimate for the impact of the UAW strike on fourth quarter results. The Company is also reducing its Cash Flow from Operations outlook to reflect a temporary investment in working capital, primarily safety stock, to protect our customers during the SPG proceedings. Finally, Superior is reducing its outlook for capital expenditures.
Superior's updated full year 2023 outlook is as follows:
| FY 2023 Outlook | |||
| Unit Shipments | 14.6 - 15.0 million | ||
| Net Sales | $1.39 - $1.49 billion | ||
| Value-Added Sales | $745 - $765 million | ||
| Adjusted EBITDA | $170 - $185 million | ||
| Cash Flow from Operations | $80 - $95 million | ||
| Capital Expenditures | ~$50 million |
Posted In: SUP
