Maytronics Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 27, 2023 at 12:41 pm EST
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Maytronics Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was ILS 332.1 million compared to ILS 411.92 million a year ago. Net loss was ILS 0.69 million compared to net income of ILS 35.11 million a year ago. Basic loss per share from continuing operations was ILS 0.01 compared to basic earnings per share from continuing operations of ILS 0.32 a year ago. Diluted loss per share from continuing operations was ILS 0.01 compared to diluted earnings per share from continuing operations of ILS 0.32 a year ago.
For the nine months, sales was ILS 1,585.83 million compared to ILS 1,547.88 million a year ago. Net income was ILS 172.15 million compared to ILS 253.27 million a year ago. Basic earnings per share from continuing operations was ILS 1.57 compared to ILS 2.32 a year ago. Diluted earnings per share from continuing operations was ILS 1.57 compared to ILS 2.31 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. 
