Grupo Industrial Saltillo, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 19, 2022
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Grupo Industrial Saltillo, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 246.03 million compared to USD 195.16 million a year ago. Net income was USD 7.07 million compared to net loss of USD 1.23 million a year ago.
For the nine months, sales was USD 731.58 million compared to USD 595.64 million a year ago. Net income was USD 15.9 million compared to USD 17.53 million a year ago. Basic earnings per share was USD 0.05. Diluted earnings per share was USD 0.05.
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. 
