Brazil’s Q2 Earnings Turn Red at MRV, CSN and Americanas
Brazil · Earnings Key Facts MRV loss MRV&CO posted a net loss of R$626.3 million (about US$121 million) in Q2 2026, a 22.7% smaller loss than a year earlier. Resia hit The biggest drag was a US$110 million impairment at Resia, the U.S. unit being wound down, tied to asset sales below book value. CSN […] The post Brazil’s Q2 Earnings Turn Red at MRV, CSN and Americanas appeared first on The Rio…
Brazil's second quarter earnings turned red at MRV, CSN, and Americanas, with net losses primarily driven by impairments, weak steel prices, and heavy financing costs. MRV reported a net loss of R$626.3 million (US$121 million) after a US$110 million impairment at its U.S. subsidiary Resia, while CSN posted a net loss of R$773 million (US$149 million) despite higher revenue and EBITDA, mainly due to financial costs and weaker steel prices.
Americanas reported a net loss of R$274 million (US$53 million), with financial results turning negative and operating results weakening due to a combination of factors including an earlier Easter and declining same-store sales. The overall trend shows that even as revenue holds up, high interest rates and legacy debt continue to impact profits for Brazil's corporate giants.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
