EarningsQ1 2026 Earnings Report
MX:GCC Q1 2026 EPS Results
Actual EPS$2.56
Consensus EPS$2.30
Beat/MissBeat by +$0.26
One Year Ago EPS$2.43
MX:GCC Q1 2026 Revenue Results
Actual Revenue$5.19B
Expected Revenue$4.79B
Beat/MissBeat by +$400.00M
YoY Revenue Growth+3.10%
Earnings Announcement Details
QuarterQ1 2026
Date04/21/2026
TimeAfter Close
Conference CallTuesday, April 21, 2026
MX:GCC Upcoming Earnings
GCC SAB de CV's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q1 2026 Earnings Call Audio
MX:GCC Q1 2026 Earnings Call
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Q1 2026 Earnings Slide Deck
Q1 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial picture: strong revenue and volume growth, double-digit EBITDA expansion, a robust balance sheet, successful downstream acquisitions, and progress on Odessa. Management flagged several near-term headwinds — temporary logistics and freight costs related to the Odessa ramp-up, higher fuel and power costs in some regions, modest declines in cement pricing in the U.S., and a negative free cash flow quarter — but outlined clear plans and expected normalization and margin improvement in the second half of the year. Given the scale and significance of the growth, liquidity and operational wins relative to the described temporary and manageable pressures, the overall tone is constructive.Company Guidance
Strong Consolidated Revenue Growth
Total sales of $295 million in Q1 2026, up 19.8% year-over-year, driven by higher activity in both the United States and Mexico.
Volume Growth Across Key Markets
U.S. cement volumes increased 10.6% and concrete volumes increased 15.9% in the quarter; Mexico cement volumes rose 12.8% and concrete volumes rose 5.9%.
Healthy EBITDA Performance
EBITDA was $87 million, up 18.3% year-over-year, with an EBITDA margin of 29.5%, reflecting strong top-line growth despite some margin pressure.
Mexico Recovery and Product Mix Progress
Mexico revenues grew 28.2% year-over-year; blended cement production now represents ~76% of total volumes (84% in Mexico), showing progress on optimizing product mix.
Operational and Safety Strength
Management highlighted operational execution across the network, no serious injuries recorded in the quarter, and continued investment in training and maintenance programs.
Balance Sheet Strength and Capital Flexibility
Cash and equivalents of $857 million and a net debt-to-EBITDA ratio of -0.47x, providing strong flexibility for growth investments and M&A.
Strategic Expansion and M&A Progress
Odessa expansion nearing completion with commissioning underway; completed acquisitions of aggregates, asphalt and ready-mix operations in El Paso and Southern New Mexico to expand downstream capabilities and expected to contribute to cash flow in H2.
Ready-Mix and Project Demand Momentum
Ready-mix was a key driver (U.S. concrete volumes +15.9%), supported by mobile plant project work (wind farms, paving) and implementation of industry fuel surcharges helping offset higher diesel costs.
MX:GCC Earnings History
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