Grupo Industrial Saltillo, S.A.B. De C.V. Provides Earnings Guidance for the Fourth Quarter of 2020
July 30, 2020 at 10:00 am EDT
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Grupo Industrial Saltillo, S.A.B. de C.V. provided earnings guidance for the fourth quarter of 2020. For the quarter, the company announced if there are no major COVID outbreaks in U.S. or Europe, The company expects that by the fourth quarter, the company will be in a range of 80% to 90% pre-COVID revenue levels and, thanks to company rightsizing initiatives, very close to initially planned EBITDA margin.
Grupo Industrial Saltillo SAB de CV (GISSA) is a Mexico-based company. The Company operates through three business divisions: Iron Foundry division, which manufactures blocks and iron heads for diesel and gasoline engines; the Construction division, which produces residential and industrial water heaters through gas and solar energy power, and the Houseware division, which designs, manufactures and markets a variety of tableware and kitchenwear products, as well as a line of electronic appliances. The Company operates through a range of subsidiaries, such as Servicios de Produccion Saltillo SA de CV, Manufactura Vitromex SA de CV, Industria Automotriz Cifunsa SA de CV, Gis Holding Inc, Calentadores de America SA de CV, as well as Automotive Components Europe SA, among others.
GRUPO INDUSTRIAL SALTILLO, S.A.B. DE C.V. 