October 01, 2014 6:30 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. 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.

Industrias Unidas, S.A. De C.V. Announces Unaudited Consolidated Earnings Results for the Twelve Months Ended December 31, 2013

Industrias Unidas, S.A. De C.V. announced unaudited consolidated earnings results for the twelve months ended December 31, 2013. For the twelve months, the company reported revenues of MXN 11,904.1 million against MXN 12,789.3 million a year ago. Operating income was MXN 298.3 million against MXN 392.2 million a year ago. Consolidated net loss was MXN 88.1 million against MXN 190.5 million a year ago. EBITDA was MXN 695.7 million against MXN 842.9 million a year ago.

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