Q1 2022 & FY 2021 Results
INCOME STATEMENT (MILLION DOLLARS)
Q1-22
Q1-21
Var
2021
2020
Var
Net Sales
206.9
178.8
15.7%
1,038.8
937.8
10.8%
U.S.
135.4
112.3
20.6%
750.4
693.1
8.3%
Mexico
71.4
66.4
7.5%
288.4
244.6
17.9%
Cost of sales
152.9
133.4
14.6%
707.4
647.9
9.2%
SG&A expenses
22.6
19.9
13.7%
90.0
78.5
14.7%
Other expenses, net
0.0
0.0
0.0%
9.5
23.6
-59.8%
Operating Income
Operating margin
31.4
25.5
23.1%
231.8
187.7
23.5%
15.2%
14.3%
22.3%
20.0%
Net financing (expenses)
(14.2)
(5.4)
162.9%
(27.8)
(28.5)
-2.4%
Earnings in associates
0.7
0.5
37.3%
3.1
1.7
79.4%
Income taxes (benefit)
4.7
5.2
-9.8%
57.3
31.2
83.8%
Consolidated net income
13.1
15.3
-14.3%
149.7
129.7
15.4%
EBITDA
EBITDA margin
*Percentage changes are based on actual results, before rounding
54.5
49.5
10.2%
337.9
308.3
9.6%
26.4%
27.7%
32.5%
32.9%
GCC
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