SUPERIOR INDUSTRIES INTERNATIONAL INC
Customers
2
1 disclosed
Suppliers
0
None disclosed
Largest customer
16%
F · FY to 2024-12-31
Named-customer revenue
$202.8M
1 customer · FY to 2024-12-31
Latest period
Dec 31, 2024
10-K filed 2025-03-06
Customers 2
Companies SUPERIOR INDUSTRIES INTERNATIONAL INC discloses as major customers, as a share of SUPERIOR INDUSTRIES INTERNATIONAL INC revenue. 1 active, 1 lapsed.
| Company | % of SUPERIOR INDUSTRIES INTERNATIONAL INC revenue | Est. revenue | Period | Trend | Status | Source |
|---|---|---|---|---|---|---|
| GM General Motors Co |
26% | $426.4M | FY 2022-12-31 | ±0.0pp | Lapsed Last seen 2022-12-31 |
10-K 2023-03-02 |
Prior to joining the Company, Mr. Hatzfeld Jr. held various positions with General Motors Company since 2011, most recently as Controller, US Sales and Marketing Unit in 2018, Controller, Global Revenue Recognition Project from 2016 to 2018, Controller, Customer Care and Aftersales Units from 2014 to 2016 and Assistant Director, Corporate Reporting and Analysis from 2013 to 2014. Prior to joining the Company, Mr. Hatzfeld Jr. held various positions with General Motors Company since 2011, most recently as Controller, US Sales and Marketing Unit in 2018, Controller, Global Revenue Recognition Project from 2016 to 2018, Controller, Customer Care and Aftersales Units from 2014 to 2016 and Assistant Director, Corporate Reporting and Analysis from 2013 to 2014. Prior to joining the Company, Mr. Hatzfeld Jr. held various positions with General Motors Company since 2011, most recently as Controller, US Sales and Marketing Unit in 2018, Controller, Global Revenue Recognition Project from 2016 to 2017, Controller, Customer Care and Aftersales Units from 2014 to 2016 and Assistant Director, Corporate Reporting and Analysis from 2013 to 2014. Prior to joining the Company, Mr. Hatzfeld Jr. held various positions with General Motors Company since 2011, most recently as Controller, US Sales and Marketing Unit in 2018, Controller, Global Revenue Recognition Project from 2016 to 2017, Controller, Customer Care and Aftersales Units from 2014 to 2016 and Assistant Director, Corporate Reporting and Analysis from 2013 to 2014. Prior to joining the Company, Mr. Hatzfeld Jr. held various positions with General Motors Company since 2011, most recently as Controller, US Sales and Marketing Unit in 2018, Controller, Global Revenue Recognition Project from 2016 to 2017, Controller, Customer Care and Aftersales Units from 2014 to 2016 and Assistant Director, Corporate Reporting and Analysis from 2013 to 2014. | ||||||
| F FORD MOTOR CO |
16% | $202.8M | FY 2024-12-31 | +1.0pp | Active | 10-K 2025-03-06 |
Revenues by segment for the years ended December 31, 2024 and 2023 are summarized in Note 4, “Business Segments”.The related percentage of total sales for the following customers each accounted for 10% or more of the Company's total sales for the years ended December 31, 2024 and 2023: 2024 2023 Percent of Sales Percent of Sales GM 24 % 21 % Ford 16 % 15 % VW Group 12 % 15 % Toyota 12 % 11 % The opening and closing balances of the Company’s trade receivables, and current and long-term contract liabilities are as follows: December 31,2024 December 31,2023 Trade receivables 56,690 41,879 Contract liabilities—current 6,819 2,982 Contract liabilities—noncurrent 6,845 8,530 Contract liabilities consist of deferred revenue related to tooling. NOTE 6 - ACCOUNTS RECEIVABLE Year Ended December 31, 2023 2022 (Dollars in thousands) Trade receivables $ 41,953 $ 64,225 Other receivables 15,158 9,161 57,111 73,386 Allowance for doubtful accounts (718 ) (661 ) Accounts receivable, net $ 56,393 $ 72,725 The accounts receivable from GM, Ford, VW Group and Toyota represented approximately 9 percent, 12 percent, 17 percent and 17 percent of the total accounts receivable, respectively, at December 31, 2023 and 7 percent, 7 percent, 11 percent and 16 percent of the total accounts receivable, respectively, at December 31, 2022.The related percentage of our total sales to each of these four customers is shown below: 2023Percent of Sales 2022Percent of Sales GM 21 % 26 % Ford 15 % 16 % VW Group 15 % 14 % Toyota 11 % 9 % NOTE 6 - ACCOUNTS RECEIVABLE Year Ended December 31, 2022 2021 (Dollars in thousands) Trade receivables $ 64,225 $ 75,713 Other receivables 9,161 8,560 73,386 84,273 Allowance for doubtful accounts (661 ) (826 ) Accounts receivable, net $ 72,725 $ 83,447 47 Table of Contents The accounts receivable from GM, Ford and VW Group represented approximately 7 percent, 7 percent and 11percent of the total accounts receivable, respectively, at December 31, 2022 and 10 percent, 9 percent and 10 percent of the total accounts receivable, respectively, at December 31, 2021.The related percentage of our total sales to each of these three customers is shown below: 2022Percent of Sales 2021Percent of Sales GM 26 % 26 % Ford 16 % 13 % VW Group 14 % 14 % Ford 13% $ 179.0 11% $ 125.0 Ford 11% $ 125.0 15% $ 208.1 Our OEM aluminum wheels accounted for approximately 92 percent of our sales in 2019 and are primarily sold for factory installation on vehicle models manufactured by BMW (including Mini), Daimler AG Company (Mercedes-Benz, AMG, Smart), FCA, Ford, GM, Honda, Jaguar-Land Rover, Mazda, Nissan, PSA, Renault, Subaru, Suzuki, Toyota, VW Group (Volkswagen, Audi, SEAT, Skoda, Porsche, Bentley) and Volvo. Ford 15 % 18 % 22 % Ford 18 % $ 272.6 22 % $ 248.8 38 % $ 271.4 Ford 44 % $ 315.1 38 % $ 271.4 22 % $ 248.8 Ford 38% $271.4 44% $315.1 44% $321.6 Ford 44% $315.1 44% $321.6 45% $349.7 Ford 44% $321.6 45% $349.7 38% $313.3 Ford 45% $349.7 38% $313.3 35% $286.5 | ||||||
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