Superior Industries International, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net sales of $206.441 million compared to $202.457 million a year ago. Income from operations was $6.309 million compared to $10.223 million a year ago. Income before income taxes was $6.875 million compared to $10.864 million a year ago. Net income was $4.934 million or $0.18 per basic and diluted share compared to $6.733 million or $0.25 per basic and diluted share a year ago.

Superior Industries International, Inc., Q1 2013 Earnings Call, May 03, 2013

Superior Industries International, Inc. announced it has selected the city of Chihuahua as the site where it will build a new manufacturing facility in Mexico to expand capacity and meet anticipated growth in product demand. The company and the state of Chihuahua have agreed in principle to a series of incentives that reflect a continued partnership between Superior and the state. Superior currently has three manufacturing facilities in the city of Chihuahua. Superior previously announced that it intends to invest approximately $125 million to $135 million to construct and equip the new manufacturing facility, which will have an initial capacity to produce between 2 million and 2.5 million wheels a year. The company currently produces approximately 12.5 million wheels annually. Groundbreaking is targeted for around the middle of 2013 and completion of construction anticipated about two years later.