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2024 Outlook
Superior's full year 2024 Outlook is as follows:
| FY 2024 Outlook | |||
| Net Sales | $1.35 - $1.41 billion | ||
| Value-Added Sales | $695 - $725 million | ||
| Adjusted EBITDA | $150 - $165 million | ||
| Unlevered Free Cash Flow | $110 - $130 million | ||
| Capital Expenditures | ~$40 million | ||
Superior is updating its Outlook to reflect the remainder of the full year 2024. Net Sales changed due to lower aluminum costs and lower anticipated production volumes by OEMs. Value-Added Sales were lowered due to lower anticipated production volumes by OEMs. Adjusted EBITDA was lowered due to lower anticipated production volumes. Unlevered Free Cash Flow estimates remain unchanged, as lower anticipated production volumes should be offset by other actions. As the Company has successfully lowered the capital intensity of the business, Superior is reducing its expectations for full year capital expenditures.
Posted In: SUP
