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September 04, 2015 12:31 AM 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 2015.

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

Industrias Unidas, S.A. De C.V. Announces Unaudited Consolidated Earnings and Operating Results for the First Six Months Ended June 30, 2015

Industrias Unidas, S.A. De C.V. announced unaudited consolidated earnings and operating results for the first six months ended June 30, 2015. For the six months, the revenues were MXN 6,841.6 million against MXN 5,717.8 million a year ago. This increase was due to higher selling prices driven by market conditions and the introduction of certain new products. Operating loss was MXN 69.7 million against MXN 171.1 million a year ago. Consolidated net loss was MXN 801.8 million against MXN 448.0 million a year ago, mainly the result of the Peso devaluation. EBITDA was MXN 165.7 million against MXN 52.2 million a year ago. The company invested MXN 38.8 million in capital expenditure projects, mainly related to maintenance. For the period, the company reported copper products sales volume of 39,113 metric tons against 39,957 metric tons a year ago.

Industrias Unidas, S.A. de C.V. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Industrias Unidas, S.A. de C.V. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of MXN 2,845.8 million against MXN 2,722.8 million a year ago. Operating loss was MXN 68.1 million against MXN 122.3 million a year ago. Consolidated net loss was MXN 432.7 million against MXN 242.9 million a year ago. EBITDA was MXN 45.1 million against LBITDA of MXN 7.0 million a year ago. The increase in revenue was due to higher selling prices driven by market conditions and the introduction of certain new products. For the first three months ended March 31, 2015, the company invested MXN 14.0 million in capital expenditure projects, mainly related to expansion of production and maintenance.

Industrias Unidas, S.A. De C.V. Announces Audited Consolidated Financial Results for the Year Ended December 31, 2014

Industrias Unidas, S.A. de C.V. announced audited consolidated financial results for the year ended December 31, 2014. For the year, the company's revenues were MXN 13,569.9 million against MXN 11,246.0 million for the last year. This increase in revenue was due to higher selling prices driven by market conditions. Operating income was MXN 323.4 million against MXN 66.9 million for the last year. Consolidated net loss was MXN 896.7 million against MXN 465.7 million for the last year. EBITDA was MXN 787.4 million against MXN 465.1 million for the last year. For the twelve months ended December 31, 2014, the company invested MXN 128.4 million ($8.7 million) in capital expenditure projects, mainly related to expansion of production and maintenance.

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