Grupo Industrial Saltillo (GISSA A) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 7% YoY to $267M and EBITDA increased 17% to $27M; margin expanded to 10% from 9%, despite a $4M European energy-cost lag impact and peso strength.

• North American foundry growth and new program launches supported results amid weaker vehicle production, European shutdowns, higher energy costs and FX headwinds.

Financial highlights

• Q3 revenue was $267M, up 7% YoY; 9M revenue rose 8% to $816M from $752M.

• Q3 EBITDA was $27M, up 17% YoY; 9M EBITDA was $89M, up 4% from $86M.

• Q3 net loss attributable to controlling interest was $3M versus a $1M loss in 3Q25; 9M income was $2M versus $6M.

• Consolidated EBITDA grew ~4% excluding $3M of prior-year severance and structure-optimization expenses from the comparison base.

Outlook and guidance

• More than $154M in Draxton programs secured in 9M are expected to launch over the next 18–24 months.

• Priorities include improving plant performance and machining, raising capacity utilization, growing commercial-vehicle platforms, and converting awards into profitable revenue.

• Seasonal working-capital requirements are expected to normalize in Q4; San Luis Potosí is ramping GMT T1XX and is expected to exceed 90% utilization.

• European electricity-cost recovery lag is expected to persist through 2026, with a possible reverse effect in 2027 if costs decline faster than sales-price adjustments.

• Near-term focus includes fixed-cost discipline and CapEx execution; longer-term priorities include European commercial-vehicle platforms, automation and energy efficiency.