Nemak, S. A. B. de C. V. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 03:06 pm EDT
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Nemak, S. A. B. de C. V. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was MXN 23,216.97 million compared to MXN 21,124.95 million a year ago. Net income was MXN 131.56 million compared to MXN 825.95 million a year ago. Basic earnings per share from continuing operations was MXN 0.04 compared to MXN 0.27 a year ago. Diluted earnings per share from continuing operations was MXN 0.04 compared to MXN 0.27 a year ago.
Nemak SAB De CV, formerly Tenedora Nemak SA de CV, is a Mexico-based holding company primarily engaged in the automotive industry. The Company specializes in the design, manufacture and distribution of aluminum components for powertrain and body structure applications. Its product portfolio comprises cylinder heads, engine blocks, shock towers, tank cover frames, B-pillars, transmission housings, frame rails, and cross members, among others. The Company operates manufacturing facilities in a range of countries, such as Canada, the United States, Mexico, Brazil, Spain, Germany, Poland, Russia, India and China. Furthermore, Its customers include Audi, BMW, KIA, Ford, Hyundai, Chrysler, Nissan, Volvo, Toyota, as well as Volkswagen, among others. The Company controls a number of subsidiaries, including Modellbau Schonheide GMBH, Camen International Trading Inc, Nemak Canada SA de CV and Nemak Czech Republic Sro, among others. Its parent is ALFA SAB de CV.
NEMAK, S. A. B. DE C. V. 
