Tupy S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 13, 2023
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Tupy S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was BRL 2,965.86 million compared to BRL 2,529.02 million a year ago. Net income was BRL 59.9 million compared to BRL 181.78 million a year ago. Basic earnings per share from continuing operations was BRL 0.41574 compared to BRL 1.26005 a year ago. Diluted earnings per share from continuing operations was BRL 0.41296 compared to BRL 1.25318 a year ago.
For the six months, sales was BRL 5,770.27 million compared to BRL 4,893.31 million a year ago. Net income was BRL 202.14 million compared to BRL 257.53 million a year ago. Basic earnings per share from continuing operations was BRL 1.40293 compared to BRL 1.78554 a year ago. Diluted earnings per share from continuing operations was BRL 1.39352 compared to BRL 1.7758 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. 
