Maker of Wheel Rims Posts 25% Gain in Quarter
Superior Industries International said its earnings rose 25% in the first quarter ended March 31, to $2.2 million, or 41 cents a share. Sales rose 13% from the same period last year, to $37.3 million.
The Van Nuys-based company, which makes wheel rims for cars, said its performance was strengthened by efficiency improvements and increased demand from U. S. auto makers for its cast aluminum road wheels.