A restructuring in operations helped Superior Industries International Inc. to post a positive net income for both the fourth quarter and the full fiscal year. In recent years the Van Nuys-based manufacturer of aluminum wheels for major car makers has closed domestic plants, sold it suspension component business and ramped up production at a new facility in Mexico. “The improvements in Superior’s financial performance for 2007 compared to 2006 indicate that our multi-year restructuring program is delivering the positive operating results we have been working hard to achieve,” said Chairman, President and CEO Steven Borick. Superior reported net income of $5.8 million, or $0.22 per diluted share, on revenues of $229.2 million for the quarter ending Dec. 31. For the same period in 2006, the company had a net loss of $5.3 million, or a loss of $0.20 per diluted share, on revenues of $212 million. For the 2007 fiscal year, the company reported net income of $10.3 million, or $0.39 per diluted share, on revenues of $956.9 million. For fiscal 2006, the company had a net loss of $11.6 million, or a loss of $0.43 per diluted share, on revenues of $789.9 million.
