Tesla revenue dented by softer demand as Musk warns of "rough quarters" ahead
SOUTHFIELD, Mich. - Superior Industries International, Inc. (NYSE:SUP), a prominent supplier of aluminum wheels, disclosed on Monday that it has received a notification from the New York Stock Exchange (NYSE) concerning its non-compliance with market capitalization and stockholders’ equity requirements. The notice, issued on June 2, 2025, comes as the company’s market capitalization has plummeted to just $13.71 million, with its stock trading at $0.46, near its 52-week low. The stock has experienced a steep decline of 86.3% over the past year, according to InvestingPro data.
Additionally, the company’s stockholders’ equity was reported at a deficit of roughly $(288.7) million as of March 31, 2025, further breaching the NYSE’s continued listing standards. InvestingPro analysis reveals concerning financial metrics, including negative earnings per share of -$3.66 and weak gross profit margins of 8.29%. For deeper insights into Superior Industries’ financial health and detailed analysis, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In response to this notification, Superior must present a business plan within 45 days to demonstrate its ability to achieve compliance with the NYSE’s listing criteria within an 18-month period. The NYSE’s Listing Operations Committee will evaluate the plan and decide whether to accept it, initiating quarterly monitoring, or reject it, which could lead to suspension and delisting procedures.
During this period, Superior’s common stock will remain listed and traded on the NYSE, provided the company adheres to other listing requirements. The current situation does not impact Superior’s ongoing business operations or its SEC reporting obligations.
Superior Industries, headquartered in Southfield, Michigan, caters to the European aftermarket with brands such as ATS®, RIAL®, ALUTEC®, and ANZIO®. Despite the notice, the company’s business operations continue without direct impact from the NYSE’s compliance measures, generating annual revenue of $1.27 billion, though experiencing a 3.63% decline in the last twelve months.
This news is based on a press release statement, which also contains forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those projected. Superior has declared no intent to update or revise these forward-looking statements except as legally required.
In other recent news, Superior Industries International reported a significant miss in its first-quarter earnings for 2025, with earnings per share (EPS) at -$0.92, falling short of the forecasted -$0.37. The company’s revenue was slightly below expectations, coming in at $322 million compared to the projected $322.74 million. In response to financial challenges, Moody’s Ratings downgraded Superior Industries’ corporate family rating to Caa3, citing expectations of a distressed exchange due to decreased volumes from key customers and liquidity concerns. Similarly, S&P Global Ratings downgraded the company’s credit rating from ’B-’ to ’CC’ amid potential debt restructuring. Superior Industries is in discussions with lenders to address its financial leverage through a debt-for-equity exchange. Additionally, the company announced the expansion of its Board of Directors with the appointment of Keshav Lall as a new independent director. The company also received shareholder approval to amend its 2018 Equity Incentive Plan, increasing authorized shares by 1.7 million.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.