Fras-le S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022 at 06:09 pm EST
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Fras-le S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net income was BRL 74.62 million compared to BRL 83.72 million a year ago. Basic earnings per share from continuing operations was BRL 0.2854 compared to BRL 0.3902 a year ago. Diluted earnings per share from continuing operations was BRL 0.2854 compared to BRL 0.3902 a year ago.
For the nine months, net income was BRL 169.89 million compared to BRL 189.35 million a year ago. Basic earnings per share from continuing operations was BRL 0.6866 compared to BRL 0.8825 a year ago. Diluted earnings per share from continuing operations was BRL 0.6866 compared to BRL 0.8825 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. 
