Industrias CH, S. A. B. de C. V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 27, 2022 at 07:48 pm IST
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Industrias CH, S. A. B. de C. V. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was MXN 14,554.77 million compared to MXN 15,915.55 million a year ago. Net income was MXN 1,830.31 million compared to MXN 3,165.98 million a year ago. Basic earnings per share from continuing operations was MXN 5.56 compared to MXN 9.56 a year ago. Diluted earnings per share from continuing operations was MXN 5.56 compared to MXN 9.56 a year ago.
For the nine months, sales was MXN 49,137.65 million compared to MXN 47,438.34 million a year ago. Net income was MXN 7,830.96 million compared to MXN 7,679.52 million a year ago. Basic earnings per share from continuing operations was MXN 23.61 compared to MXN 23.32 a year ago. Diluted earnings per share from continuing operations was MXN 23.61 compared to MXN 23.32 a year ago.
Industrias CH SAB de CV (ICH) is a Mexico-based holding company engaged, together with its subsidiaries, in the steel industry. The Company's activities include the production, processing and distribution of special bar quality (SBQ) steel products; coated and uncoated seamed pipes; structural steel products, such as beams, channels, flat bars and angles; light structurals, such as angles, flat and merchant bars; as well as reinforced and corrugated steel bars. The Companyâs facilities include production and processing plants in Mexico, the United States and Canada.