Iochpe Maxion SA - ADR (PK:IOCJY)
Business Focus: Auto, Truck & Motorcycle Parts
| Sector: Consumer Cyclicals | Industry: Auto, Truck & Motorcycle Parts |
| Company Contact | |
| Address: | Rua Othon Barcellos, n 83, Itagacaba CRUZEIRO 12.730-900 |
| Tel: | N/A |
| Website: | https://www.iochpe.com.br |
| IR: | See website |
| Key People | ||
| Dan Ioschpe Chairman of the Board | Marcos Sergio de Oliveira Chief Executive Officer | Elcio Mitsuhiro Ito Chief Financial and Investor Relations Officer | Paulo Marcio Almada dos Santos Member of the Executive Board |
| Business Overview |
| Iochpe-Maxion S.A. is engaged in the production of automotive wheels. The Company is a producer of automotive structural components in the Americas, and a producer of railway equipment in Brazil. Its operations are focused on the automotive segment, and divided into the wheels and structural component segments. The Company operates through three divisions: Maxion Wheels, Maxion Structural Components and AmstedMaxion. At Maxion Wheels, the Company produces and sells a range of steel wheels for light and commercial vehicles, and agricultural machinery and aluminum wheels for light vehicles. At Maxion Structural Components, it produces side rails, cross members and full frames for commercial vehicles and structural components for light vehicles. At AmstedMaxion (a joint venture), the Company produces freight cars, railway wheels and castings, as well as industrial castings. The Company's and its subsidiaries' operations are carried out in over 30 units located in Brazil and abroad. |
| Financial Overview |
| For the three months ended 31 March 2024, Iochpe Maxion SA - ADR revenues decreased 10% to R$3.6B. Net income totaled R$50.3M vs. loss of R$16.3M. Revenues reflect Wheels segment decrease of 11% to R$2.69B, Auto Components segment decrease of 7% to R$907.4M, Europe segment decrease of 14% to R$1.24B, United States segment decrease of 7% to R$1.06B. Net Income reflects Other Financial Income increase from R$4.5M to R$30.3M (income). |
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