Fras-le S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 14, 2023
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Fras-le S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was BRL 889.07 million compared to BRL 823.93 million a year ago. Net income was BRL 103.86 million compared to BRL 74.62 million a year ago.
For the nine months, sales was BRL 2,647.39 million compared to BRL 2,311.34 million a year ago. Net income was BRL 289.82 million compared to BRL 169.89 million 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. 
