August 29, 2016 7:38 PM ET

Electrical Equipment

Company Overview of Industrias Unidas, S.A. De C.V.

Company Overview

Industrias Unidas, S.A. De C.V. was founded in 1939 and is based in Jocotitlan, Mexico. Industrias Unidas, S.A. De C.V. operates as a subsidiary of Grupo IUSA, S.A. de C.V.

Boulevard Lopez Portillo 323. Sn Antonio Tecomitl Milpa Alta

Mexico-Queretaro

Mexico, DF 12100

Mexico

Founded in 1939

Phone:

52 55 5671 1952

Key Executives for Industrias Unidas, S.A. De C.V.

Global Support Consultant
Compensation as of Fiscal Year 2016.

Industrias Unidas, S.A. De C.V. Key Developments

Industrias Unidas, S.A. De C.V. Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2015

Industrias Unidas, S.A. De C.V. reported audited consolidated earnings results for the year ended December 31, 2015. For the year, revenues were MXN 13,888.6 million against MXN 13,582.6 million a year ago. Operating income was MXN 603.1 million against MXN 325.8 million a year ago. Consolidated net loss was MXN 891.3 million against MXN 896.7 million a year ago. EBITDA was MXN 1,104.8 million against MXN 789.8 million a year ago. The change is primarily due to an increase in the Comprehensive financial result, as consequence of the Mexican Peso devaluation. This increase in revenue was due to higher selling prices driven by market conditions and the introduction of certain new products. The company invested MXN 140.3 million in capital expenditure projects, mainly related to expansion of production and maintenance.

Industrias Unidas, S.A. De C.V. Reports Unaudited Consolidated Earnings Results for the Year Ended December 31, 2015

Industrias Unidas, S.A. De C.V. reported unaudited consolidated earnings results for the year ended December 31, 2015. For the year, revenues were MXN 15,868.4 million against MXN 13,569.9 million a year ago. Operating Income was MXN 670.6 million against MXN 323.4 million a year ago. Consolidated net loss was MXN 880.9 million against MXN 896.7 million a year ago. EBITDA was MXN 1,165.0 million against MXN 787.4 million a year ago. This increase in revenue was due to higher selling prices driven by market conditions and the introduction of certain new products. The company invested MXN 126.3 million in capital expenditure projects, mainly related to expansion of production and maintenance. This change in net loss is primarily  due to an increase in the comprehensive financial result as consequence of the Mexican peso devaluation.

Industrias Unidas, S.A. De C.V. Announces Consolidated Earnings Results for the Nine Months Ended September 30, 2015

Industrias Unidas, S.A. De C.V. announced consolidated earnings results for the nine months ended September 30, 2015. Consolidated net loss for the first nine months ended September 30, 2015 was PHP 913.7 million ($54.0 million), compared to a net income of PHP 157.8 million in the same period of 2014. This change is primarily due to an increase in the Comprehensive financial result as consequence of peso devaluation. Net revenues for the first nine months ended September 30, 2015 increased 29.0% to PHP 12,692.6 million ($749.6 million) from PHP 9,840.9 million in the same period of 2014. This increase was due to higher selling prices driven by market conditions and the introduction of certain new products. EBITDA was PHP 820.9 million ($48.5 million), 54.8% higher than year to date September 30, 2014 EBITDA of PHP 530.2 million. The corresponding depreciation and amortization figures are PHP 361.8 million for the first nine months ended September 30, 2015 and PHP 361.2 million for the same period of 2014. The company invested PHP 55.5 million ($3.3 million) in capital expenditure projects, mainly related to expansion of production and maintenance. Capital expenditures were allocated by segments as follows: 43.7% to copper tubing, 24.2% to diversified assets, 9.9% to valves and controls, 8.8% to electrical products, 10.1% to copper and alloys and the remaining 3.3% to other divisions. By geographic region, 41.1% of total capital expenditures was invested in U.S. facilities and the remaining 58.9% in Mexico. Operating income was PHP 169.0 million compared to PHP 459.1 million a year ago. As at September 30, 2015, the company's consolidated debt was PHP 6,964.0 million.

Recent Private Companies Transactions

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