Superior Industries Profit Jumps 32% in 2nd Quarter

Superior Industries International, a Van Nuys producer of wheel rims for the automotive industry, said its second-quarter profit climbed 32% from a year earlier as sales rose 31%.

In the quarter that ended June 30, Superior’s net income increased to $4.21 million from $3.20 million a year ago, while its sales rose to $68.8 million from $52.4 million. For the first half of 1989, Superior’s profit jumped 30%, to $8.14 million from $6.27 million, and its 6-month sales were up 34%, to $131.7 million from $98.3 million.

Superior attributed the gains to continued strong demand for its aluminum wheels, which it sells primarily to General Motors and Ford Motor Co.