SUP - Superior share skyrockets +27% PM on expanding margin and cash flow

Superior Industries (SUP) reports Q3 unit shipments of 4.4M, a decrease of 10% compared to 4.9M in the same period during last year.Net sales were $317M, compared to net sales of $352M prior. The decrease was driven by lower volumes and a decrease in aluminum prices, partially offset by favorable product mix and a stronger Euro.Gross profit of $32M, compared to gross profit of $16M prior.Operating income of $19M vs. nil prior.Cost and cash actions deliver significant margin expansion and cash flow.Company repaid the outstanding amounts on its U.S. and European revolving credit facilities.Net cash flow from operating activities of $100M, compared to $33M.Adjusted EBITDA was $47M, a rise of 20% compared to last year.Record liquidity at $336M; total funded debt of $630M and net debt of $519M.Net income of $11.1M or EPS of $0.12 vs. last year's loss of $6.6M vs, EPS loss of $0.57.Outlook:Shares +27% PMPreviously: Superior EPS beats by $0.56, beats on revenue (Nov. 2)

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Superior share skyrockets, +27% PM on expanding margin and cash flow