Tupy S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 12, 2023
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Tupy S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was BRL 2,975.94 million compared to BRL 2,694.01 million a year ago. Net income was BRL 148.85 million compared to BRL 194.29 million a year ago.
For the nine months, sales was BRL 8,746.21 million compared to BRL 7,587.33 million a year ago. Net income was BRL 350.99 million compared to BRL 451.67 million a year ago. Basic earnings per share from continuing operations was BRL 2.43621 compared to BRL 3.13339 a year ago. Diluted earnings per share from continuing operations was BRL 2.4164 compared to BRL 3.1163 a year ago.
Tupy SA is a Brazil-based company principally engaged in the production and commercialization of parts for the automotive industry. The Companyâs activities are divided into two business segments: Automotive and Hydraulics. The Automotive division focuses on manufacturing engines and its components, brake systems, bearings, as well as transmission, steering, axle and suspension components, among others. The Hydraulics division is responsible for producing flexible iron connections for the construction industry, iron and steel grits for the marble and granite processing industry, as well as cast-iron shapes for general use. The Company owns industrial plants and sales offices in a number of countries, such as Brazil, Mexico, the United States and Germany. The Company operates through Tupy Agroenergetica Ltda, Sociedade Tecnica de Fundicoes Gerais SA, Tupy American Foundry Co, Tupy American Iron & Alloys Co and Tupy Europe GmbH, among others.
TUPY S.A. 
