Superior Industries Posts Record 1st-Quarter Sales

Superior Industries International reported record earnings and sales for the first quarter ended March 31.

The Van Nuys-based manufacturer of wheels, seat belts and other automotive parts said it earned $3 million, or 53 cents per share, up 15% from $2.6 million, or 45 cents a share, a year earlier. Revenue for the period was up 8% to $46 million from $42.5 million a year earlier.

Chairman Louis Borick attributed the increase in revenue and profit to the expansion of a new manufacturing facility in North Carolina.