Grupo Industrial Saltillo, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 21, 2022 at 05:11 pm EDT
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Grupo Industrial Saltillo, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 243.45 million compared to USD 201.67 million a year ago. Net income was USD 6.72 million compared to USD 10.52 million a year ago. Basic earnings per share was USD 0.03. Diluted earnings per share was USD 0.03.
For the six months, sales was USD 485.55 million compared to USD 400.48 million a year ago. Net income was USD 8.83 million compared to USD 18.75 million a year ago. Basic earnings per share was USD 0.03. Diluted earnings per share was USD 0.03.
Grupo Industrial Saltillo SAB de CV (GISSA) is a Mexico-based company. The Company operates through three business divisions: Iron Foundry division, which manufactures blocks and iron heads for diesel and gasoline engines; the Construction division, which produces residential and industrial water heaters through gas and solar energy power, and the Houseware division, which designs, manufactures and markets a variety of tableware and kitchenwear products, as well as a line of electronic appliances. The Company operates through a range of subsidiaries, such as Servicios de Produccion Saltillo SA de CV, Manufactura Vitromex SA de CV, Industria Automotriz Cifunsa SA de CV, Gis Holding Inc, Calentadores de America SA de CV, as well as Automotive Components Europe SA, among others.
GRUPO INDUSTRIAL SALTILLO, S.A.B. DE C.V. 
