GCC SAB de CV(DE:AK4)
€7.45-0.05 (-0.67%)
DE:AK4
GCC SAB de CV earnings date
€7.45
At close:-0.05 (-0.67%)
GCC SAB de CV (AK4) Q3 2026 Earnings Report
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DE:AK4 Q3 2026 EPS Results
- Actual EPS
- EUR 0.16
- Consensus EPS
- EUR 0.26
- Beat/Miss
- Missed by -EUR 0.09
- One Year Ago EPS
- EUR 0.27
DE:AK4 Q3 2026 Revenue Results
- Actual Revenue
- EUR 362.67M
- Expected Revenue
- EUR 386.77M
- Beat/Miss
- Missed by -EUR 24.09M
- YoY Revenue Growth
- -8.45%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/27/2026
- Time
- After Close
- Conference Call
- Tuesday, October 27, 2026
DE:AK4 Upcoming Earnings
GCC SAB de CV's next earnings date is estimated for February 2, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
DE:AK4 Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly optimistic about GCC's underlying demand, backlog, Mexico growth, Odessa's strategic contribution, cash generation, and financial flexibility. However, the quarter was below expectations due to weather, U.S. volume and pricing pressure, elevated logistics and energy costs, and a reduced full-year EBITDA outlook. Management characterized the weaker quarter as largely timing-related and expressed confidence in stronger shipments, project activity, and earnings potential into 2027.
Company Guidance
For the full year, GCC now expects U.S. cement volumes to increase mid-single digits, U.S. concrete pricing to show a low single-digit increase, and consolidated EBITDA to increase low single digits; 2026 capital expenditure guidance is $220 million from $270 million previously, while maintenance capital expenditures remain unchanged at $70 million, with approximately $50 million in savings achieved on the Odessa expansion. The $12 per ton cement price increase for both construction and oil well cement is effective January 1st, 2027, Mexico is expected to implement a price increase most likely in the first part of the year, Odessa’s contribution is expected to build progressively through 2027, elevated logistics costs are expected throughout that fourth quarter, and the positive impact is expected in 2027.
- Strong Year-to-Date Volume GrowthYear-to-date cement volumes increased 6% in the U.S. and 7.7% in Mexico. Consolidated first-nine-month sales increased 9.3% to $1.1 billion, while EBITDA increased 5.5% to $368 million.
- Healthy Backlog and Strong October ShipmentsManagement said customer backlogs remain healthy and that weather-affected projects remain in place. October shipments were described as very strong and beyond expectations, with the prior week representing a record shipment week in GCC's history.
- Mexico Revenue and Demand MomentumThird-quarter Mexico revenue increased 11.5%, supported by higher cement volumes and pricing. Cement volumes rose 4.7% and local-currency cement pricing increased 3.2%. First-nine-month Mexico revenue increased 18.6%, with housing, infrastructure, self-construction, and retail contributing to broader demand.
- Vivienda para el Bienestar Housing Program ProgressProjects under the Vivienda para el Bienestar program began moving into construction after a water-infrastructure delay in Juarez was resolved. GCC said it is participating strongly across the state, has contracted significant construction-material volumes and thousands of precast concrete houses, and expects robust demand and shipments through year-end and at least the first half of 2027. Customers have also been making significant down payments.
- Infrastructure Demand Remains ActiveInfrastructure remained GCC's most active U.S. segment, with continued work in highways, paving, and transportation. In Mexico, several major bridge projects moved into construction, including projects using both GCC concrete and precast products, while additional transportation projects are advancing toward execution and creating a solid 2027 pipeline.
- Data Center and Power-Related OpportunitiesGCC worked on four U.S. data center developments during the quarter, including the Meta project in El Paso, and participated in related infrastructure and power-generation work. Management said the data-center pipeline remains an important opportunity and expects paused projects to restart or advance from planning to construction after election-related uncertainty subsides.
- Steady Oil and Gas Demand and Odessa CapacityOil well cement remained an important and steady source of demand across the Permian Basin and other Western energy markets. The additional Odessa capacity is expected to improve GCC's ability to serve oil-well and construction-grade cement demand from a plant closer to customers.
- Wind Energy Activity and 2027 BacklogAlthough GCC is comparing against an exceptional level of wind-related volumes in 2025, current wind work remains active, the segment continues to generate strong sales, and the 2027 backlog is already building.
- Odessa Production Line Began Customer SalesThe new Odessa production line made its first customer sales during the quarter, shipping both construction and oil-well cement. GCC expects the contribution to build progressively through 2027 and is pacing the ramp-up in line with customer demand.
- Network Integration and AcquisitionsGCC completed another Midland-Odessa concrete acquisition in July and continued integrating aggregates and downstream businesses across Texas. Management said the integrated platform supports cement, aggregates, and concrete offerings and creates opportunities for operating and logistics synergies.
- Disciplined Capital Allocation and Financial FlexibilityYear to date, GCC deployed approximately $104 million in acquisitions and returned $54 million to shareholders through dividends and share repurchases while maintaining negative net leverage. The company ended the quarter with $888 million of cash and equivalents and net debt to EBITDA of -0.51x.
- Strong Free Cash Flow and Lower Capital IntensityThird-quarter free cash flow totaled $121 million, representing 82% conversion. Gross capital expenditures were $27 million during the quarter, and management said capital intensity is beginning to decline as the Odessa project moves beyond its investment phase.
- Planned Cement Price Increases and Fuel SurchargesGCC notified U.S. customers of a $12-per-ton cement price increase for construction and oil-well cement effective January 1, 2027, which management said should support planned margin recovery. The company also implemented fuel surcharges where appropriate, with management reporting good customer feedback, and said it plans a price increase in Mexico, most likely in the first part of the year.
- Energy-Mix and Environmental InitiativesYear to date, GCC increased natural-gas use and reduced coal in its energy mix while continuing projects to expand access to natural gas and alternative fuels across its network. Management said these initiatives improve supply reliability, reduce exposure to fuel-price volatility, and support a transition toward lower-carbon energy sources.
- People, Cybersecurity, and Community ProgramsGCC conducted its company-wide Great Place to Work survey for the 12th consecutive year and is using the feedback to shape 2027 talent priorities. The company is also expanding cybersecurity tools and training. Through Fundación Grupo México and the Chihuahua state government, GCC supported Dr. Vagón, which provides free medical care, diagnostics, and medicine to underserved communities.
- Potential for Additional M&A and Share RepurchasesManagement said it remains active in pursuing small- to medium-sized aggregates opportunities around its network, while also monitoring cement and cementitious opportunities. M&A remains the top capital-allocation priority, and the company is evaluating additional share repurchases given the current share price.
DE:AK4 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 02, 2027 | 2026 (Q4) | 0.27- | 0.22 | ― | ― |
| Oct 27, 2026 | 2026 (Q3) | 0.260.16 | 0.27 | -40.32% (-0.11) | |
| Jul 28, 2026 | 2026 (Q2) | 0.200.19 | 0.2 | -4.91% (-0.01) | |
| Apr 21, 2026 | 2026 (Q1) | 0.110.12 | 0.12 | 5.06% (+0.01) | |
| Jan 27, 2026 | 2025 (Q4) | 0.200.22 | 0.24 | -9.22% (-0.02) | |
| Oct 21, 2025 | 2025 (Q3) | 0.270.27 | 0.32 | -12.88% (-0.04) | |
| Jul 22, 2025 | 2025 (Q2) | 0.200.20 | 0.26 | -21.68% (-0.06) | |
| Apr 22, 2025 | 2025 (Q1) | 0.120.12 | 0.12 | -4.33% (-0.01) | |
| Jan 28, 2025 | 2024 (Q4) | 0.200.24 | 0.19 | 24.26% (+0.05) | |
| Oct 22, 2024 | 2024 (Q3) | 0.290.32 | 0.29 | 10.12% (+0.03) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
