GCC SAB de CV ( (GCWOF) ) has released its Q4 earnings. Here is a breakdown of the information GCC SAB de CV presented to its investors.
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GCC, S.A.B. de C.V., headquartered in Chihuahua, Mexico, is a leading supplier and producer of cement, concrete, aggregates, and construction-related services predominantly in the United States and Mexico, with an annual cement production capacity of 6 million metric tons.
The company reported its fourth quarter and full year 2024 results, highlighting a modest increase in consolidated net sales for the year by 0.2% to US$1,366.7 million. Notable achievements include an increase in U.S. sales driven by higher cement and concrete prices and a significant boost in earnings per share by 9.5%.
Key financial metrics reveal that GCC’s EBITDA rose by 6.2% to US$500.6 million with a robust margin of 36.6%. The U.S. market continues to be a significant contributor, generating over 75% of the company’s EBITDA, despite a slight decrease in total net sales in Q4 2024. Strategic moves included the acquisition of three aggregates operations in Texas, enhancing GCC’s presence in key growth markets. Additionally, the company received a credit rating upgrade from Fitch to ‘BBB’, reflecting its solid performance and strategic expansion efforts.
Looking forward, GCC remains cautiously optimistic about demand dynamics, particularly in the U.S. market. The company anticipates continued strong performance and aims for mid-single digit EBITDA growth in 2025, supported by a favorable price environment and strategic development initiatives.