Orbia Advance Corporation, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 26, 2022 at 03:38 pm EDT
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Orbia Advance Corporation, 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 2,290.57 million compared to USD 2,287.35 million a year ago. Net income was USD 86.44 million compared to USD 197.35 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.11 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.11 a year ago. Basic earnings per share was USD 0.05 compared to USD 0.11 a year ago. Diluted earnings per share was USD 0.04 compared to USD 0.11 a year ago.
For the nine months, sales was USD 7,547.62 million compared to USD 6,444.06 million a year ago. Net income was USD 602.36 million compared to USD 531.38 million a year ago. Basic earnings per share from continuing operations was USD 0.31 compared to USD 0.31 a year ago. Diluted earnings per share from continuing operations was USD 0.31 compared to USD 0.31 a year ago. Basic earnings per share was USD 0.31 compared to USD 0.31 a year ago. Diluted earnings per share was USD 0.31 compared to USD 0.31 a year ago.
Orbia Advance Corporation SAB de CV, formerly Mexichem SAB de CV, is a Mexico-based company engaged in the industrial sector. The Companyâs activities are divided into five business groups: Precision Agriculture, Building & Infrastructure, Fluor, Data Communication and Polymer Solutions. The Precision Agriculture business includes Netafim brand, which develops irrigation systems and related services, as well as offers technology for farming digitalization. The Building & Infrastructure business offers pipes for multiple building applications through Wavin brand. The Fluor business operates Koura brand, which manufactures fluorine-based materials used in such industries as healthcare, construction and transportation. The Data Communication business is responsible for production and installation of communication and power cables through Dura-Line brand. The Polymer Solutions business includes vestolit and alphagary brand names, which provides plastic resins and other compounds.
ORBIA ADVANCE CORPORATION, S.A.B. DE C.V. 
