Fras-le S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 11, 2024
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Fras-le S.A. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was BRL 741.27 million compared to BRL 746.83 million a year ago. Net income was BRL 100.31 million compared to BRL 35.68 million a year ago.
For the full year, the company reported net income was BRL 377.39 million compared to BRL 204.84 million a year ago. Basic earnings per share from continuing operations was BRL 1.4133 compared to BRL 0.8117 a year ago.
Fras Le SA is a Brazil-based company principally engaged in the manufacture of friction materials. The Company focuses on the design, production, commercialization, export and import of friction materials for motor vehicle brake systems. The Company's product line includes clutch facings, brake linings, brake shoes and brake pads for trucks, buses, cars, tractors, subways, lifts and aircrafts, among others. The Company's brand portfolio includes Fras-le and Lonaflex. Its activities are divided into two business segments: Automakers, which offers products for the automotive market, and Replacement, which provides friction materials for the spare parts market. The Company operates through a number of subsidiaries in the Americas, Europe, Asia and South Africa. The Company is controlled by Randon SA Implementos e Participacoes.
FRAS-LE S.A. 
