Grupo Industrial Saltillo. de Full Year 2023 Earnings: Misses Expectations

Grupo Industrial Saltillo. de (BMV:GISSAA) Full Year 2023 Results

Key Financial Results

• Revenue: US$1.03b (up 6.5% from FY 2022).
• Net loss: US$26.3m (down by 261% from US$16.3m profit in FY 2022).
• US$0.086 loss per share (down from US$0.052 profit in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Grupo Industrial Saltillo. de Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 12%. Earnings per share (EPS) was also behind analyst expectations.

The primary driver behind last 12 months revenue was the Auto Parts - America segment contributing a total revenue of US$467.1m (45% of total revenue). Notably, cost of sales worth US$923.8m amounted to 90% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$128.9m (96% of total expenses). Explore how GISSA A's revenue and expenses shape its earnings.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Grupo Industrial Saltillo. de that we have uncovered.

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