Profit Falls at Superior Industries

Second-quarter earnings at auto-parts company Superior Industries International Inc. fell 23%, the company said Friday.

For the quarter ended June 30, the Van Nuys company posted net income of $13.6 million, or 51 cents a share, on revenue of $233.7 million. In the same period last year, it earned $17.7 million, or 66 cents, on revenue of $210.8 million.

Analysts were expecting earnings of 54 cents a share, according to Thomson First Call.

Superior shares fell 64 cents to $31.48 on the New York Stock Exchange.

Superior said second-quarter results included a loss of $2.4 million from its aluminum suspension parts business, compared with $2.7 million a year earlier.

The company said it was confident that it would overcome pricing and operating challenges that have hurt profitability. It also said it was seeing progress from programs to reduce costs and enhance efficiencies.

Superior supplies aluminum wheels and other components to several automotive companies.