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Complete financial analysis of Grupo Simec, S.A.B. de C.V. (SIM) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Grupo Simec, S.A.B. de C.V., a leading company in the Steel industry within the Basic Materials sector.
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Grupo Simec, S.A.B. de C.V. (SIM)
About Grupo Simec, S.A.B. de C.V.
Grupo Simec, S.A.B. de C.V. manufactures, processes, and distributes special bar quality (SBQ) steel and steel alloys products in Mexico, the United States, Brazil, Canada, Latin America, and internationally. The company produces I-beams, channels, structural and commercial angles, hot rolled bars, flat bars, rebars, cold finished bars, electro-welded wire mesh and mesh panels, and wire rods, as well as semi-finished tube rounds and other semi-finished trade products. Its SBQ steel products are used across a range of engineered end-user applications, including axles, hubs, and crankshafts for automobiles and light trucks, machine tools, and off-highway equipment; and structural steel products are used in the non-residential construction market and other construction applications. The company also exports its steel products to Central and South America, and Europe. The company was founded in 1934 and is headquartered in Guadalajara, Mexico. Grupo Simec, S.A.B. de C.V. is a subsidiary of Industrias CH, S.A.B. de C.V.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 41.22B | 54.16B | 55.62B | 35.87B | 34.17B | 35.68B | 28.67B | 27.52B | 25.10B | 26.83B | 24.37B | 29.77B | 29.27B | 24.58B | 252.96B | 35.19B | 24.06B | 22.67B | 12.89B | 5.66B | 2.78B | 2.11B | 1.89B | 2.21B | 2.15B | 2.51B | 2.22B | 2.18B | 1.65B | 1.04B |
| Cost of Revenue | 30.59B | 39.68B | 39.97B | 29.21B | 30.07B | 30.56B | 23.93B | 22.78B | 21.96B | 25.49B | 22.41B | 25.99B | 25.62B | 20.53B | 220.98B | 29.80B | 20.46B | 18.45B | 10.31B | 3.29B | 1.82B | 1.41B | 1.27B | 1.46B | 1.19B | 1.54B | 1.42B | 1.38B | 1.01B | 615.09M |
| Gross Profit | 10.63B | 14.48B | 15.65B | 6.66B | 4.10B | 5.11B | 4.74B | 4.74B | 3.14B | 1.34B | 1.96B | 3.78B | 3.65B | 4.05B | 31.98B | 5.39B | 3.60B | 4.23B | 2.58B | 2.37B | 952.52M | 699.06M | 621.04M | 749.40M | 954.03M | 967.34M | 801.36M | 795.12M | 637.20M | 425.73M |
| Gross Profit Ratio | 25.79% | 26.73% | 28.14% | 18.56% | 12.01% | 14.34% | 16.53% | 17.23% | 12.51% | 4.98% | 8.04% | 12.71% | 12.46% | 16.47% | 12.64% | 15.32% | 14.96% | 18.64% | 20.02% | 41.88% | 34.30% | 33.09% | 32.86% | 33.93% | 44.43% | 38.56% | 36.15% | 36.50% | 38.57% | 40.90% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 2.35B | 2.46B | 2.04B | 2.02B | 1.64B | 1.08B | 1.24B | 1.28B | 1.49B | 1.19B | 1.12B | 1.12B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 2.35B | 2.46B | 2.04B | 2.02B | 1.64B | 1.08B | 1.24B | 1.28B | 1.49B | 1.19B | 1.12B | 1.12B | 1.05B | 2.96B | 2.30B | 2.27B | 1.42B | 1.30B | 1.01B | 568.60M | 462.20M | 443.84M | 0.00 | 489.25M | 447.70M | 462.90M | 395.84M | 418.03M | 321.30M | 282.70M |
| Other Expenses | -104.00M | -71.85M | 77.41M | -546.75M | 136.58M | -8.65M | 6.93M | 36.20M | 927.00K | -60.55M | 59.16M | 34.48M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -413.99K | 0.00 | 0.00 | 0.00 | 13.99M | 0.00 | 157.32M | 176.06M | 140.28M | 122.81M | 89.38M | 59.09M |
| Operating Expenses | 2.24B | 2.38B | 2.12B | 1.47B | 1.77B | 1.06B | 1.22B | 1.31B | 1.43B | 1.13B | 1.18B | 1.14B | 1.05B | 2.96B | 28.40B | 2.27B | 1.42B | 1.30B | 1.01B | 568.60M | 462.20M | 443.84M | 13.99M | 489.25M | 605.03M | 638.96M | 536.12M | 540.84M | 410.68M | 341.79M |
| Cost & Expenses | 32.83B | 42.07B | 42.09B | 30.68B | 31.84B | 31.63B | 25.15B | 24.09B | 23.39B | 26.63B | 23.59B | 27.13B | 26.68B | 23.49B | 249.38B | 32.07B | 21.88B | 19.75B | 11.32B | 3.86B | 2.29B | 1.86B | 1.28B | 1.95B | 1.80B | 2.18B | 1.95B | 1.92B | 1.43B | 956.89M |
| Interest Income | 728.59M | 253.48M | 65.95M | 107.83M | 146.00M | 102.31M | 49.23M | 108.15M | 36.68M | 25.14M | 20.40M | 23.56M | 26.14M | 0.00 | 78.13M | 253.52M | 273.33M | 45.25M | 0.00 | 5.57M | 0.00 | 0.00 | 0.00 | 27.12M | 0.00 | 31.65M | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 87.90M | 56.35M | 87.45M | 53.75M | 55.05M | 16.51M | 54.40M | 40.17M | 31.41M | 22.61M | 28.71M | 23.03M | 23.73M | 207.50M | 96.00M | 78.52M | 14.67K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.03B | 1.12B | 1.19B | 1.45B | 1.11B | 1.11B | 1.46B | 1.43B | 1.12B | 1.12B | 1.05B | 1.01B | 1.00B | 1.10B | 1.05B | 895.31M | 548.18M | 433.60M | 257.02M | 213.17M | 181.60M | 155.94M | 428.61M | 140.82M | 152.03M | 147.38M | 123.35M | 122.81M | 89.38M | 59.09M |
| EBITDA | 7.67B | 13.21B | 14.77B | 6.64B | 3.43B | 5.16B | 4.94B | 4.86B | -1.27B | 1.32B | 1.84B | 3.04B | 3.62B | 2.27B | -2.15M | 4.01B | 2.73B | 3.36B | 1.90B | 2.17B | 730.32M | 411.16M | 607.05M | 400.96M | 501.04M | 521.16M | 500.56M | 421.97M | 353.66M | 143.03M |
| EBITDA Ratio | 18.60% | 23.77% | 26.56% | 18.80% | 10.49% | 14.76% | 17.58% | 18.04% | 11.43% | 5.02% | 7.62% | 12.33% | 12.36% | 4.41% | 1.24% | 12.13% | 12.22% | 15.11% | 14.73% | 36.99% | 25.87% | 24.50% | 32.12% | 14.59% | -3.13% | 24.92% | 5.24% | -10.88% | 21.41% | 59.42% |
| Operating Income | 8.38B | 12.09B | 13.53B | 5.19B | 2.33B | 4.05B | 3.53B | 3.43B | 1.71B | 203.30M | 782.85M | 2.64B | 2.59B | 1.08B | 3.58B | 3.12B | 2.18B | 2.92B | 1.57B | 1.80B | 490.32M | 255.21M | 178.44M | 260.14M | 349.01M | 328.38M | 265.24M | 254.28M | 226.53M | 83.94M |
| Operating Income Ratio | 20.34% | 22.32% | 24.33% | 14.46% | 6.82% | 11.35% | 12.29% | 12.45% | 6.81% | 0.76% | 3.21% | 8.87% | 8.85% | 4.41% | 1.42% | 8.85% | 9.06% | 12.89% | 12.17% | 31.84% | 17.66% | 12.08% | 9.44% | 11.78% | 16.25% | 13.09% | 11.96% | 11.67% | 13.71% | 8.06% |
| Total Other Income/Expenses | -1.90B | -1.09B | 0.00 | -309.08M | -693.64M | 164.47M | -456.48M | 1.87B | -2.29B | 476.62M | -74.82M | -293.62M | 572.04M | -303.44M | -3.22B | -178.58M | 66.09M | -23.37M | -88.67M | 57.48M | -15.92M | -159.79M | 49.78M | -270.53M | 286.67M | -454.07M | 124.26M | 248.77M | -375.23M | -562.72M |
| Income Before Tax | 6.48B | 11.00B | 13.84B | 4.88B | 1.64B | 3.98B | 3.28B | 5.27B | 1.77B | 679.92M | 708.03M | 2.47B | 3.06B | 691.25M | 2.90B | 2.94B | 2.24B | 2.90B | 1.48B | 1.73B | 436.46M | 95.42M | 228.21M | -10.38M | 635.68M | -130.56M | 228.96M | 532.18M | -148.71M | -478.78M |
| Income Before Tax Ratio | 15.73% | 20.31% | 24.88% | 13.59% | 4.79% | 11.17% | 11.43% | 19.15% | 7.07% | 2.53% | 2.91% | 8.29% | 10.46% | 2.81% | 1.15% | 8.35% | 9.32% | 12.79% | 11.48% | 30.56% | 15.72% | 4.52% | 12.08% | -0.47% | 29.61% | -5.21% | 10.33% | 24.43% | -9.00% | -46.00% |
| Income Tax Expense | 1.31B | 3.30B | 4.39B | 1.92B | 3.28B | 675.03M | 2.08B | 926.04M | 1.24B | 162.00M | -281.57M | 71.08M | 109.84M | 86.31M | -7.31B | 1.04B | 619.46M | 586.88M | 189.51M | 329.32M | 139.59M | -22.66M | 591.18K | 25.65M | 186.79M | 7.91M | 12.90M | 125.17M | 12.33M | 18.13M |
| Net Income | 5.19B | 7.86B | 9.44B | 2.80B | -1.64B | 3.52B | 1.20B | 2.88B | 901.30M | 1.20B | 1.52B | 2.42B | 2.86B | 903.54M | 16.61B | 1.90B | 1.53B | 2.10B | 1.27B | 1.40B | 292.04M | 118.08M | 227.62M | -36.03M | 445.60M | -108.80M | 204.77M | 407.01M | -161.03M | -495.57M |
| Net Income Ratio | 12.58% | 14.52% | 16.98% | 7.80% | -4.80% | 9.86% | 4.20% | 10.48% | 3.59% | 4.49% | 6.22% | 8.14% | 9.78% | 3.68% | 6.56% | 5.40% | 6.34% | 9.27% | 9.87% | 24.75% | 10.52% | 5.59% | 12.04% | -1.63% | 20.75% | -4.34% | 9.24% | 18.68% | -9.75% | -47.61% |
| EPS | 33.69 | 47.39 | 56.84 | 17.45 | -10.21 | 21.55 | 7.26 | 17.79 | 5.49 | 7.32 | 9.22 | 12.48 | 17.43 | 5.64 | 100.10 | 11.10 | 9.81 | 15.49 | 3.30 | 3.92 | 0.96 | 1.19 | 1.01 | -0.17 | 2.16 | -0.53 | 9.89 | 19.65 | -7.30 | -22.68 |
| EPS Diluted | 33.69 | 47.39 | 56.84 | 17.45 | -10.21 | 21.55 | 7.26 | 17.79 | 5.49 | 7.32 | 9.22 | 12.48 | 17.43 | 5.64 | 100.10 | 11.10 | 9.81 | 15.49 | 3.30 | 3.92 | 0.96 | 0.40 | 1.01 | -0.17 | 2.16 | -0.53 | 9.89 | 19.65 | -7.30 | -22.68 |
| Weighted Avg Shares Out | 153.91M | 165.91M | 166.16M | 160.38M | 160.62M | 163.18M | 164.64M | 162.16M | 164.14M | 164.26M | 164.43M | 165.90M | 165.90M | 165.90M | 165.90M | 161.63M | 156.08M | 140.11M | 413.79M | 398.92M | 357.16M | 99.97M | 226.18M | 206.28M | 206.28M | 206.28M | 20.72M | 20.72M | 22.06M | 21.86M |
| Weighted Avg Shares Out (Dil) | 153.91M | 165.91M | 166.16M | 160.38M | 160.62M | 163.18M | 165.83M | 162.16M | 164.14M | 164.26M | 164.43M | 165.90M | 165.90M | 165.90M | 165.90M | 161.63M | 158.21M | 140.40M | 413.79M | 398.92M | 357.39M | 295.77M | 226.18M | 206.28M | 206.28M | 206.28M | 20.72M | 20.72M | 22.06M | 21.86M |
GRUPO SIMEC S.A.B. DE C.V. ANNOUNCE FILING 20-F
GUADALAJARA, Mexico , Nov. 15, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (the "Company") today filed its Annual Report on Form 20-F for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission at www.sec.gov.
GRUPO SIMEC (NYSE: SIM) ANNOUNCES A SPILL OF LIQUID STEEL, OCTOBER 30, 2024
GUADALAJARA, Mexico , Oct. 30, 2024 /PRNewswire/ -- Informs the investing public that, early today, October 30, 2024, at plant one of the steel complex located in the city of Apizaco, Tlaxcala, a spill of liquid steel occurred with loss...
GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST NINE MONTHS OF 2024
GUADALAJARA, Mexico , Oct. 29, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE: SIM) ("Simec") announced today its results of operations for the nine-month period ended September 30, 2024.
TotalEnergies sells Brazilian fuel distribution business to SIM Distribuidora
French oil major TotalEnergies has agreed to sell a network of about 240 retail fuelling stations plus ethanol and oil products storage facilities in Brazil to a subsidiary of Grupo Argentina, the company said on Friday.
Emerita Sponsors First Sustainable Mining Event in Huelva Province – SIM ‘Sustainable International Mining' Summit
TORONTO, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) is proud to announce its sponsorship of the inaugural Sustainable International Mining Summit (SIM) on October 10, 2024, taking place...
Terpin Wins Ninth Circuit Court of Appeals Decision, Reversing Summary Judgment in Landmark AT&T SIM Swap Lawsuit
The appeal was argued by Terpin's lead attorney, Pierce O'Donnell, senior partner at Greenberg Glusker. The appeal was argued by Terpin's lead attorney, Pierce O'Donnell, senior partner at Greenberg Glusker.
GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST SIX MONTHS OF 2024
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.
GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE TWELVE-MONTH PERIOD ENDED DECEMBER 31, 2023 AUDITED
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.
GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST QUARTER, OF 2024, ENDED MARCH 31, 2024
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.
GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE TWELVE-MONTH PERIOD ENDED DECEMBER 31, 2023 AUDITED
GUADALAJARA, Mexico , Feb. 27, 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.
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