{
  "id": 15951178,
  "title": "Nemak Sales Jump 22% as Profit Falls to Zero",
  "url": "https://urgent.news/2026/10/21/nemak-sales-jump-22-as-profit-falls-to-zero",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T20:16:24.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/nemak-sales-jump-22-percent-profit-zero-2026/"
  },
  "original_language": "en",
  "account": "In the third quarter of 2026, Mexican car-parts supplier Nemak reported a 22% jump in sales, reaching US$1.5 billion. However, the company's net profit fell to near zero, from US$25 million in the same quarter last year. Net income was marginally better than last year's US$25 million, and earnings per share were below analyst expectations. The revenue growth can be attributed to GF Casting Solutions, a Swiss group company, which contributed significantly to Nemak's sales. The company's sales in North America rose by 15% to US$747 million, while the Rest of the World grew by 32% to US$231 million. Higher aluminium prices also impacted sales, as the metal costs were passed onto customers. Nemak's financial expenses increased by 45% to US$42 million due to higher interest costs. The company booked asset write-downs of US$24 million as part of its footprint optimization strategy, which involved reshaping or closing some plants. Nemak's debt increased by 10.3% to US$1.76 billion. The company scheduled a webcast for the release of its fourth-quarter earnings, which are expected to provide more insights into whether EBITDA can reach the full-year target.",
  "summary": "Nemak sales rose 22% to US$1.5 billion in the third quarter, the Mexican car-parts maker said on 20 October, but net profit fell to about zero. The post Nemak Sales Jump 22% as Profit Falls to Zero appeared first on The Rio Times .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}