Maytronics Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 15, 2023 at 12:20 pm EDT
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Maytronics Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was ILS 729.3 million compared to ILS 566.32 million a year ago. Net income was ILS 87.33 million compared to ILS 106.35 million a year ago. Basic earnings per share from continuing operations was ILS 0.8 compared to ILS 0.97 a year ago. Diluted earnings per share from continuing operations was ILS 0.8 compared to ILS 0.97 a year ago.
For the six months, sales was ILS 1,253.73 million compared to ILS 1,135.96 million a year ago. Net income was ILS 172.84 million compared to ILS 218.16 million a year ago. Basic earnings per share from continuing operations was ILS 1.58 compared to ILS 2 a year ago. Diluted earnings per share from continuing operations was ILS 1.58 compared to ILS 1.99 a year ago.
Maytronics Ltd is an Israel-based company engaged in the development, production and sale of electronic robots for cleaning swimming pools. The Company's activity is divided into three segments such as, Robots for cleaning private pools engaged in development, production and marketing of robots for cleaning private swimming pools; Robots for cleaning public pools- engaged in development, production and marketing of robots for cleaning swimming pools; Segment of safety and related products for swimming pools that is active in development of safety products like alarms and other systems for detecting and preventing drowning in private and public swimming pools, pumps, filters, water heaters, water cleaning chemicals distributed through company's subsidiaries Maytronics U.S. Inc, MG International S.A., Maytronics Australia Pty Ltd.; and advanced research and development of systems for monitoring, controlling and treating pool water using.
MAYTRONICS LTD. 
