GCC SAB de CV ( (GCWOF) ) has released its Q1 earnings. Here is a breakdown of the information GCC SAB de CV presented to its investors.
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GCC SAB de CV is a prominent supplier and producer of cement, concrete, and aggregates operating in the United States and Mexico, known for its significant production capacity and presence in the construction industry. In the first quarter of 2025, GCC reported a decrease in consolidated net sales by 9.6% to $246.5 million, attributed to lower cement and concrete volumes in Mexico and the U.S., despite price increases in both markets. The company’s EBITDA also saw a decline of 11.3% to $73.6 million, with a margin of 29.8%, while earnings per share fell by 17.1% year-on-year. Key financial metrics revealed a challenging quarter for GCC, with U.S. sales dropping by 3.3% and Mexican sales plummeting by 20.7%, driven by reduced volumes and the depreciation of the Mexican peso. Despite these setbacks, GCC maintained a strong cash position with $873.4 million in cash and equivalents and a net leverage ratio of -0.56x. Looking ahead, GCC remains cautiously optimistic, with management emphasizing the company’s robust project pipeline and operational agility as key drivers for future growth in a dynamic global environment.