Iochpe-Maxion S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 09, 2021
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Iochpe-Maxion S.A. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was BRL 3,183.882 million compared to BRL 1,171.844 million a year ago. Operating income was BRL 454.291 million compared to operating loss of BRL 332.034 million a year ago. Net income was BRL 214.787 million compared to net loss of BRL 352.353 million a year ago. For the half year, sales was BRL 6,316.979 million compared to BRL 3,396.404 million a year ago. Operating income was BRL 677.372 million compared to operating loss of BRL 246.538 million a year ago. Net income was BRL 266.289 million compared to net loss of BRL 343.203 million a year ago.
Iochpe-Maxion S.A. is engaged in the production of automotive wheels. The Company is a producer of automotive structural components in the Americas, and a producer of railway equipment in Brazil. Its operations are focused on the automotive segment, and divided into the wheels and structural component segments. The Company operates through three divisions: Maxion Wheels, Maxion Structural Components and AmstedMaxion. At Maxion Wheels, the Company produces and sells a range of steel wheels for light and commercial vehicles, and agricultural machinery and aluminum wheels for light vehicles. At Maxion Structural Components, it produces side rails, cross members and full frames for commercial vehicles and structural components for light vehicles. At AmstedMaxion (a joint venture), the Company produces freight cars, railway wheels and castings, as well as industrial castings. The Company's and its subsidiaries' operations are carried out in over 30 units located in Brazil and abroad.
IOCHPE-MAXION S.A. 
