Superior Industries Reports Increased Profits for 1994

Superior Industries, a Van Nuys supplier of aluminum auto wheels, reported profit and sales gains for the fourth quarter and all of 1994, despite costs associated with the Northridge earthquake and new plants in Mexico and Arkansas.

In the three months that ended Dec. 31, Superior earned $15.8 million, up 25% from its $12.6 million in net income a year earlier. Its net sales rose 17%, to $122.6 million from $105.2 million.

Superior’s annual profit was $56.3 million, a 25% increase from its 1993 earnings of $45.2 million. Net sales for the year grew 16%, to $456.6 million from $393 million.