January 27, 2015 8:23 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. is a subsidiary 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 2014.

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

Industrias Unidas, S.A. De C.V. Announces Unaudited Consolidated Earnings and Production Results for the Nine Months Ended September 30, 2014

Industrias Unidas, S.A. De C.V. announced unaudited consolidated earnings and production results for the nine months ended September 30, 2014. For the period, the company reported revenues of MXN 9,840.9 million compared to MXN 8,704.2 million a year ago. This increase was due to higher sales volume and selling prices, driven by market conditions. Operating income was MXN 169.0 million compared to MXN 140.8 million a year ago. Consolidated net income was MXN 157.8 million compared to loss of MXN 324.9 million a year ago. This improvement is primarily due to a benefit recorded in deferred income taxes. EBITDA was MXN 530.2 million compared to MXN 423.2 million a year ago. For the first nine months ended September 30, 2014, the company invested MXN 111.3 million ($8.3 million) in capital expenditure projects, mainly related to expansion of production and maintenance. In the first nine months ended September 30, 2014 capital expenditures were allocated by segments as follows: 51.9% to copper tubing, 23.3% to valves and controls, 8.0% to electrical products, 6.3% to copper and alloys, 5.5% to wire and cable and the remaining 5.0% to other divisions. By geographic region, 50.8% of total capital expenditures were invested in U.S. facilities and the remaining 49.2% in Mexico. For the period, the company's copper products volume was 60,641 metric tons against 56,232 metric tons a year ago.

Industrias Unidas, S.A. De C.V. Reports Unaudited Consolidated Earnings and Production Results for the Six Months Ended June 30, 2014

Industrias Unidas, S.A. De C.V. reported unaudited consolidated earnings and production results for the six months ended June 30, 2014. For the period, the company’s revenues were MXN 5,717.8 million against MXN 5,508.1 million a year ago. This increase was due to higher selling prices driven by market conditions. Operating loss was MXN 171.1 million compared to MXN 31.4 million a year ago. Net loss was MXN 448.0 million compared to MXN 333.7 million a year ago. This increase is primarily due to an increase in SG&A expenses and comprehensive financing results. EBITDA was MXN 52.2 million compared to MXN 176.2 million a year ago. Total debt as of June 30, 2014 was MXN 5,449.4 million. The company invested MXN 61.8 million in capital expenditure projects, mainly related to expansion production and maintenance. For the period, the company's copper products volume was 37,372 metric tons against 39,113 metric tons a year ago.

Industrias Unidas, S.A. De C.V. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Industrias Unidas, S.A. De C.V. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues of MXN 2,722.8 million against MXN 2,681.9 million a year ago. Operating loss was MXN 122.3 million against MXN 75.7 million a year ago. Net loss was MXN 242.9 million against MXN 154.9 million a year ago. LBITDA was MXN 7.0 million against EBITDA of MXN 41.8 million a year ago. For the first three months ended March 31, 2014, the company invested MXN 26.8 million in capital expenditure projects, mainly related to maintenance. The increase in Revenue was due to higher selling prices and a slight increase in volume sales. The increase in net loss was primarily due to an increase in comprehensive financing results and SG&A expenses, driven by exchange rate variations.

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