Grupo Rotoplas S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 03:08 pm
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Grupo Rotoplas S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MXN 3,020.29 million compared to MXN 3,542.61 million a year ago. Net income was MXN 231.04 million compared to MXN 173.13 million a year ago. Basic earnings per share from continuing operations was MXN 0.49 compared to MXN 0.36 a year ago. Diluted earnings per share from continuing operations was MXN 0.49 compared to MXN 0.36 a year ago.
For the nine months, sales was MXN 8,769.83 million compared to MXN 9,649.23 million a year ago. Net income was MXN 250.41 million compared to MXN 382.61 million a year ago. Basic earnings per share from continuing operations was MXN 0.53 compared to MXN 0.8 a year ago. Diluted earnings per share from continuing operations was MXN 0.53 compared to MXN 0.8 a year ago.
Grupo Rotoplas SAB de CV is a Mexico-based company, which develops and provides water-related solutions. The Company products portfolio is divided into four categories: Storage, Piping and Pressurization, Improvement and Auto-Sustainable. Storage provides water tanks, water wagons, as well as products for industrial and agricultural purposes. Piping and Pressurization offers piping, valves and related accessories, as well as different kind of pumps, among others. Improvement includes a variety of water heaters, purificators and filters, among others. Auto-Sustainable offers, among others, rainwater collection systems. The Companyâs service offering includes installation and maintenance of all its products, purification services for drinkable water, and the design, construction, management and maintenance of water treatment plants for industrial customers. The Company is directly and indirectly active in the Americas through a distribution network and an ecommerce platform.