Grupo Traxión, S.A.B. de C.V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 26, 2024 at 12:13 pm EST
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Grupo Traxión, S.A.B. de C.V. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was MXN 6,672.46 million compared to MXN 5,487.82 million a year ago. Net income was MXN 208.83 million compared to MXN 15.27 million a year ago. Basic earnings per share from continuing operations was MXN 0.37 compared to MXN 0.029 a year ago.
For the full year, the company reported sales was MXN 24,806.64 million compared to MXN 20,325.04 million a year ago. Net income was MXN 638.71 million compared to MXN 506.06 million a year ago. Basic earnings per share from continuing operations was MXN 1.131 compared to MXN 0.956 a year ago.
Grupo Traxion SAB de CV is a Mexico-based company engaged in the transportation sector. The Company provides logistics services within eight business areas: Fright, including intermodal and multimodal services, door-to-door, national and cross-border distribution, among others; Integrated logistics, including logistics management, aerial and maritime services and custom transportation support services; Warehousing, including dedicated storage, shared warehouses, packing and value-added services, such as labeling and products assembly; Logistics systems, including software for logistics management; Passenger transportation, including transportation of personnel and students; Special services, including rental of bus and vans; Moving, including national and international moving services, and Advertising, including custom transportation services during marketing campaigns. The Company operates through a number of group companies.
GRUPO TRAXIÓN, S.A.B. DE C.V. 
