MAHLE Metal Leve S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 04:28 am EST
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MAHLE Metal Leve 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 1,179.38 million compared to BRL 1,198.82 million a year ago. Net income was BRL 215.1 million compared to BRL 204.31 million a year ago. Basic earnings per share from continuing operations was BRL 1.67644 compared to BRL 1.5923 a year ago.
For the nine months, sales was BRL 3,322.32 million compared to BRL 3,108.23 million a year ago. Net income was BRL 594.14 million compared to BRL 442.15 million a year ago. Basic earnings per share from continuing operations was BRL 4.63057 compared to BRL 3.44599 a year ago.
Mahle Metal Leve SA is a Brazil-based company primarily engaged in the automotive engine parts manufacture. The Companyâs activities are divided into two business segments: Engine components and Filter. The Engine components division produces parts for internal combustion engines and automotive vehicles, such as rings, sensors, rockers, rods, crank arms, bushes, cylinder sleeves, bearing covers, rocker assemblies, crowns, injectors, synchromesh hubs, universal joints, shafts, gears, guides and valve seats, pistons, water and oil pump impellers, gudgeon pins and pulleys. The Filters division manufactures various types of filters, such as fuel, air, oil, cabin and press, used in vehicles, as well as applied in industry, automobile service stations, passenger and cargo transport, earthworks, fishing terminals and farms. The Company is indirectly controlled by Mahle Industriebeteiligungen GmbH.