Iochpe-Maxion Swings to BRL 16.08 Million Net Loss in Q3 2026 From Year-Earlier Profit
Bitget2026/11/04 21:27- Iochpe-Maxion swung to a third-quarter 2026 net loss attributable to controlling shareholders of R$ 16.08 million from a year-earlier profit.
- Net operating revenue rose 16% year over year to R$ 4.4 billion, supported by Brazilian light vehicles and North American commercial vehicles.
- Other operating expenses, net, widened to R$ 113.9 million, primarily due to an R$ 88.7 million regulatory provision.
- The net financial loss increased 34% year over year to R$ 193.1 million, mainly due to debt-management costs.
- Operations began producing forged aluminum wheels for commercial vehicles in Europe, expanding the product portfolio.
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