Grupo México, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
October 21, 2024
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Grupo México, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was USD 4,126.52 million compared to USD 3,647.3 million a year ago. Net income was USD 820.07 million compared to USD 697.65 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to USD 0.09 a year ago.
For the nine months, sales was USD 12,322.66 million compared to USD 10,962.95 million a year ago. Net income was USD 2,871 million compared to USD 2,640.83 million a year ago. Basic earnings per share from continuing operations was USD 0.37 compared to USD 0.34 a year ago. Diluted earnings per share from continuing operations was USD 0.37 compared to USD 0.34 a year ago.
Grupo Mexico, S.A.B. de C.V. is a holding company. The Company's principal activities are in the mining-metallurgic industry, the exploration, exploitation and benefit of metallic and non-metallic ores, multimodal freight railroad service, and infrastructure development. The Company's business lines include Mining, Transportation and Infrastructure. Its Mining Division is represented by its subsidiary Americas Mining Corporation, whose subsidiaries are Southern Copper Corporation in Mexico and Peru, and Asarco in the United States. Its Transportation Division is represented by its subsidiaries Infraestructura y Transportes Mexico, S.A. de C.V. and Grupo Mexico Transportes S.A. de C.V. Its subsidiaries are Grupo Ferroviario Mexicano, S.A. de C.V., Ferrocarril Mexicano, S.A. de C.V., Ferrosur, S. A. de C. V., Intermodal Mexico, S.A. de C.V., and Texas Pacifico, LP, Inc. Its Infrastructure Division is represented by its subsidiary Mexico Proyectos y Desarrollos, S.A. de C.V.
GRUPO MÉXICO, S.A.B. DE C.V. 
