Tupy posts record second-quarter results

Revenue and Net Income recorded the highest figures in the quarter, and the Company posted higher return on invested capital

In the second quarter, Tupy showed that its management initiatives and resilient business model contributed to the growth of Adjusted EBITDA, which came to R$345 million, the highest quarterly figure to date, with a margin of 13.7% in 2Q22 compared to 11.3% in 2Q21; and net income of R$180 million versus R$31 million in 2Q21.

In the same period, net revenue reached R$2.5 billion, up 54%. The Company also recorded higher return on invested capital – 13.6% in 2Q22 compared to 11.3% in 2Q21.

“We are building a new Tupy based on solid results – such as those of this quarter – and the recently announced initiatives. We are a relevant and low-carbon company with a unique market positioning, technical credibility, plants located in competitive regions and a team with proven leadership and execution capabilities. Additionally, with the conclusion of the acquisition of MWM, the Company will be more diversified, as it will be exposed to new sectors, with high growth expectations. All this combination allows us to meet the service needs of our clients while growing profitably,” emphasized Fernando Cestari de Rizzo, CEO of Tupy.

Tupy Day

In June, Tupy held its Annual Day in a hybrid manner. The event mainly addressed the Company’s growth, sustainability and innovation strategies underpinning its competitiveness and engagement in the decarbonization journey. Opportunities arising from the acquisition of MWM were also brought up. The content is available on the Company’s YouTube channel: https://www.youtube.com/c/TupySA.

About Tupy

A Brazilian multinational company that develops and manufactures cast iron structural components with highly complex geometry and metallurgy. These engineering solutions are applied to the transportation, infrastructure, agribusiness and energy generation sectors, contributing to the quality of life of people, promoting access to health, basic sanitation, drinking water, and the production and distribution of food worldwide. The technological innovation involved in the design and manufacture of these parts has been the Company’s specialty throughout its more than 80 years of history. The production is concentrated in the Brazilian factories located in Betim (MG), Joinville (SC) and Mauá (SP), and abroad, in the cities of Aveiro, in Portugal, and in Saltillo, and Ramos Arizpe, in Mexico. Tupy also has commercial officers in Germany, Brazil, the U.S., and Italy.