Tupy S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 27, 2023 at 06:44 pm EDT
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Tupy S.A. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was BRL 2,591.09 million compared to BRL 2,059.02 million a year ago. Net income was BRL 56.4 million compared to BRL 61.18 million a year ago.
For the full year, the company reported sales was BRL 10,178.416 million compared to BRL 7,082.535 million a year ago. Net income was BRL 502.221 million compared to BRL 202.912 million a year ago.
Tupy SA is a Brazil-based company principally engaged in the production and commercialization of parts for the automotive industry. The Companyâs activities are divided into two business segments: Automotive and Hydraulics. The Automotive division focuses on manufacturing engines and its components, brake systems, bearings, as well as transmission, steering, axle and suspension components, among others. The Hydraulics division is responsible for producing flexible iron connections for the construction industry, iron and steel grits for the marble and granite processing industry, as well as cast-iron shapes for general use. The Company owns industrial plants and sales offices in a number of countries, such as Brazil, Mexico, the United States and Germany. The Company operates through Tupy Agroenergetica Ltda, Sociedade Tecnica de Fundicoes Gerais SA, Tupy American Foundry Co, Tupy American Iron & Alloys Co and Tupy Europe GmbH, among others.
TUPY S.A. 
