Scotiabank downgraded Grupo Simec, S.A de C.V. from Sector Perform to Sector Underperform
Grupo Simec (AMEX:SIM) reported $487.36 million in sales this quarter. This is a 14.86 percent decrease over sales of $572.45 million the same period last year.
Top Stories for May 7, 2024: 1. Gatos Silver (NYSE:GATO) announced its first-quarter results and operational performance at the Cerro Los Gatos mine. The company reported revenue of $72.2 million (up 3%) and net income of $10.2 million (down 20%). EBITDA was $35.1 million (down 11%), while cash flow from operations was $37.3 million (down 7%). Sustaining capital increased by 17% to $8.9 million, and free cash flow was $25.5 million. Silver equivalent production also remained consistent at 3.70 million ounces. CEO Dale Andres highlighted that silver production is expected to be in the top half of guidance, while costs remain in the lower half as the company advances its
Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the three-month period ended March 31, 2023.Comparative first quarter of 2023 vs. first quarter of 2022Net SalesThe net sales of the company decreased derived from a less sales price. Sales passed from Ps. 15,032 million in the first quarter of 2022 to Ps. 12,825 million in the same period of 2023. Shipments of steel finished goods decreased 3% from 623 thousand tons in the first quarter of 2022 compared to 604 thousand tons in the same period of 2023. Total sales outside of Mexico in the first quarter of 2023 decreased 26% to reach Ps. 5,181 million compared to Ps. 6,976 million in the same period
GUADALAJARA, Mexico, July 22, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the sixth-month period ended June 30th, 2024. Comparative first six months of 2024 vs. first six months of 2023 Net SalesNet sales of the Company decreased from Ps. 22,947 million in the first half of 2023 to Ps. 16,279 million in the first half of 2024. Shipments decreased 8% from 1,109 thousand tons in the first half of 2023 to 1,015 thousand tons in the first half of 2024. Total sales outside of Mexico in the first half of 2024 decreased 24% to Ps. 7,287 million compared to Ps. 9,639 million in the first half of 2023. Mexican sales decreased 32
GUADALAJARA, MEXICO, May 6, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the twelve-month period ended December 31, 2023 Audited and December 31, 2022 Audited. Twelve-Month Period Ended December 31, 2023 compared to Twelve-Month Period Ended December 31, 2022. Net Sales Net sales decreased 24% by the combination shipments of finished steel products and a lower average sales price by 21% compared the same period of 2022, the sales decreased from Ps. 54,159 million in the twelve-month period ended December 31, 2022 to Ps. 41,139 million in the same period of 2023. Shipments of finished steel products decreased 4% to 2 mill
GUADALAJARA, Mexico, April 25, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the three-month period ended March 31, 2024. Comparative first quarter of 2024 vs. first quarter of 2023 Net SalesThe net sales of the company decreased derived from a less sales price. Sales passed from Ps. 12,825 million in the first quarter of 2023 to Ps. 7,885 million in the same period of 2024. Shipments of steel finished goods decreased 21% from 604 thousand tons in the first quarter of 2023 compared to 479 thousand tons in the same period of 2024. Total sales outside of Mexico in the first quarter of 2024 decreased 29% to reach Ps. 3,694 m
6-K - GRUPO SIMEC, S.A.B. de C.V. (0000887153) (Filer)
6-K - GRUPO SIMEC, S.A.B. de C.V. (0000887153) (Filer)
6-K - GRUPO SIMEC, S.A.B. de C.V. (0000887153) (Filer)
GUADALAJARA, Mexico, July 22, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the sixth-month period ended June 30th, 2024. Comparative first six months of 2024 vs. first six months of 2023 Net SalesNet sales of the Company decreased from Ps. 22,947 million in the first half of 2023 to Ps. 16,279 million in the first half of 2024. Shipments decreased 8% from 1,109 thousand tons in the first half of 2023 to 1,015 thousand tons in the first half of 2024. Total sales outside of Mexico in the first half of 2024 decreased 24% to Ps. 7,287 million compared to Ps. 9,639 million in the first half of 2023. Mexican sales decreased 32
GUADALAJARA, MEXICO, May 6, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the twelve-month period ended December 31, 2023 Audited and December 31, 2022 Audited. Twelve-Month Period Ended December 31, 2023 compared to Twelve-Month Period Ended December 31, 2022. Net Sales Net sales decreased 24% by the combination shipments of finished steel products and a lower average sales price by 21% compared the same period of 2022, the sales decreased from Ps. 54,159 million in the twelve-month period ended December 31, 2022 to Ps. 41,139 million in the same period of 2023. Shipments of finished steel products decreased 4% to 2 mill
GUADALAJARA, Mexico, April 25, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the three-month period ended March 31, 2024. Comparative first quarter of 2024 vs. first quarter of 2023 Net SalesThe net sales of the company decreased derived from a less sales price. Sales passed from Ps. 12,825 million in the first quarter of 2023 to Ps. 7,885 million in the same period of 2024. Shipments of steel finished goods decreased 21% from 604 thousand tons in the first quarter of 2023 compared to 479 thousand tons in the same period of 2024. Total sales outside of Mexico in the first quarter of 2024 decreased 29% to reach Ps. 3,694 m