Fras-le S.A. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 09, 2023 at 07:46 pm EDT
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Fras-le S.A. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net income was BRL 89.38 million compared to BRL 28.48 million a year ago. Basic earnings per share from continuing operations was BRL 0.3347 compared to BRL 0.1327 a year ago.
Diluted earnings per share from continuing operations was BRL 0.3347 compared to BRL 0.1327 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. 
