Jalles Machado S/A reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was BRL 445.05 million compared to BRL 442.8 million a year ago. Net income was BRL 49.49 million compared to BRL 120.04 million a year ago.

Basic earnings per share from continuing operations was BRL 0.16794 compared to BRL 0.40732 a year ago. Diluted earnings per share from continuing operations was BRL 0.16794 compared to BRL 0.40732 a year ago.