Grupo Industrial Saltillo, S.A.B. de C.V. Reports Earnings Results for the Full Year Ended December 31, 2022
February 23, 2023 at 12:21 pm EST
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Grupo Industrial Saltillo, S.A.B. de C.V. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was USD 969.07 million compared to USD 792.26 million a year ago. Net income was USD 38.76 million compared to USD 18.6 million a year ago.
Basic earnings per share was USD 0.12 compared to USD 0.06 a year ago. Diluted earnings per share was USD 0.12 compared to USD 0.06 a year ago.
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. 
