Paranapanema S.A. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was BRL 812.73 million compared to BRL 1,307.49 million a year ago. Net income was BRL 169.69 million compared to net loss of BRL 402.31 million a year ago. Basic earnings per share from continuing operations was BRL 4.16889 compared to basic loss per share from continuing operations of BRL 9.88368 a year ago. Diluted earnings per share from continuing operations was BRL 4.08114.